2. permissible, so long as the seller agrees He therefore tells the broker that he only wants to rent to females. 4. when the offer to purchase has been signed and accepted by the seller, when the offer to purchase has been signed and accepted by the seller, in order for a dual agency to be legal, it must be: 4. a person holding a power of attorney, a person working for a multiple listing service, a salesperson represents the: 2. reasonable care 4. description of the property, if a broker has an exclusive right to sell listing, which of the following statements is incorrect? 3. a duplex owner signs a listing agreement which authorizes a broker to market the property for one year 2. renunciation of the agreement by the broker At an office meeting, Anne tells her broker that the seller might accept a lower price because of the issue. 4. nothing is required because she is a licensed broker, Mr. Hardcase wants to reserve the right to sell his home to a co-worker, without paying a commission. Nothing is required because she is a licensed broker, Mr. Hardcase wants to reserve the right to sell his home to a co-worker, without paying a commission. 3. The listing agent has a duty to, not follow the instruction of the principal in this matter, which is NOT a fiduciary duty that a broker owes a client? later, the broker receives a second offer for the property. d. Firm A provides excellent services to market their sellers properties, A buyer who is shown properties listed for rent by a broker is the brokers, A licensed sales person may receive a compensation or commission from, The listing and selling brokers agree to split a 7 percent commission fifty-fifty on a $95,900 sale. 1. 1. foster must only pay ruotolo There are five major corporate real estate firms in the immediate DC industry; JLL, Cushman & Wakefield, Newmark, Savills Studley and Cresa (At a Glance). He listed with a different brokerage firm. 3. the broker may cancel the listing if he chooses The seller listed with Broker C and the house ended up selling for $76,000. Gary refuses to show the house. an owner is listing his rental property with a broker. 3. orally (brokers are required to present to those bidding at auctions, brokers can use it for commerce properties if they choose, brokers must retain the acknowledgement panel, brokers must present it to all open house visitors), brokers much retain the acknowledgement panel (for three years after the termination of the agency relationship or the close of the transaction whichever is later. 4. the salesperson is not a party to the agreement, buyer broker agreement terms may be disclosed to customers, all of the following are examples of dual agency except: 2. foster owes two full commission What should Rudy do? if you take the listing, you should assure the sellers that you will not disclose this information, who is obligated to complete a residential property owners association disclosure statement? Which of these statements is TRUE? after closing, lynch will receive his commission from: all four are costumers (generally speaking visitors to an open house are simply customers, an no agency as been created until the relationship gets more serious), What information is NOT included in the Working with Real Estate Agents brochure? 3. the seller may refuse to sell 1. signature of the principal 4. actively engaged, an escrow account is maintained by a broker for the purpose of: 1. buyer broker agreements cannot be assigned Buyer Maggie has no buyer broker contract. in this transaction, what is the relationship between bill and gene? Find out how you can intelligently organize your Flashcards. (fairness, honesty, integrity, obedience), Peter is the listing agent for seller Jan. Of these acts, which would breach Peters fiduciary duty of loyalty to jan if he performed it for a buyer customer? 4. universal agency, Jon lists his home with Paul. 3. if the seller dies prior to receiving an offer from a ready, willing, and able buyer 3. yes, but dan risks causing a breach himself 1. the seller Phil takes a listing on January 3rd. A buyer submits a written offer and the seller accepts it. 3. a ready and willing buyer has been found, but no commission is due 1. is common practice 4. yes, assuming all other elements are satisfied, no, because the term is potentially indefinite, A seller wants to list a property with a broker, but hopes to sell it herself in order to avoid a commission. 4. an agent for the buyer and seller, a listing agreement will automatically terminate: 2. no, assuming he fulfilled all the requirements of the listing agreement T/F Licensees provide agency representation to clients and customers in a real estate . in order to collect a commission on the sale, he must provide which of the following details? (disclose the financial condition of buyer client interested in the sellers property, disclose the relationship between the buyer and broker, present all offers and in a timely manner, provide a good faith estimate of the current value of the sellers property), disclose the financial condition of buyer client interested in the sellers property, ABC brokerage in Durham has 20 affiliated brokers. Renegotiate Ralph's current listings 1. disclosed orally prior to negotiations 4. the seller would be in violation of the fair housing law, all of the following circumstances will automatically terminate a listing brokers agency agreement, EXCEPT Properties that are excluded from the MLS have NAR's Clear Cooperation rules that govern how they can be advertised and other considerations,. 4. no, because john failed to find a property before jenny, yes, so long as jenny purchased property similar to the one described in the agreement, if a broker employs a property manager, the relationship is likely to be: 2. special agency Add to folder 4. jones is the agent of doe, a person who enters into a brokerage relationship with a licensee is: You should accommodate her request by reviewing the local sheriffs website and other sex offender alert websites and providing her with a report on your findings. 1. commission 1. obedience Over the course of the afternoon, four prospective buyers visit, and Cara allows them to walk through the property on their own. 1. the commission is split between all brokers that have an open listing for the property 1. should be withheld from any prospective buyer Jan's broker owes a fiduciary duty to: 1. a dual agent This situation could involve all of the following agency relationships except: Do you think you should share this information with Dories? What type of listing did Sam have? 1. a principal The seller instruct you not to tell any buyer about the accident. 1. an open listing Select one: The real estate professional's entire income is from sales commissions rather than an hourly wage. 3. negotiated between broker and seller Samuels cannot act for someone from Tennessee unless he has a Tennessee real estate license 3. disclosed in writing after negotiations 1. yes, because henry breached the agreement 4. no, the broker cannot guara, no, these funds must be placed in a separate escrow account, under contract as a property manager, the broker is: 2. an individual gives written authority for a broker to buy, sell, or exchange his real property for a one year period Sam tries to collect his commission after closing, but the seller refuses and correctly asserts that she has no legal obligation to pay. 2. all money given to the broker must be accounted for 4. it should be immediately given to the buyer, it should be immediately given to broker alien, Henry enters into an exclusive right-to-sell listing agreement with Bob the Broker. The broker is entitled to: A full commission because he fully performed Under contract as a property manager, the broker is: fiduciary and general agent (before the buyer makes an offer, before the buyer walks through the house, before the sellers accepts the offers, before the transaction closes), which of these do you think would least likely be considered a material fact that must be disclosed to a buyer? If you make an offer to purchase a property listed by a broker, the broker or salesperson is required to convey your offer to the owner of the property. The seller requests that her agent, Anne, not mention the mold issue in the bathroom since she wants to sell her house quickly. 4. unilateral action, Two salespersons have been assigned as designated agents in a real estate transaction. 2. loyalty 9500 4. none of the above, Broker Lynch has an exclusive listing to sell Jones' hardware store for a $4,500 commission. 4. abandonment by the broker, which of the following actions would be a violation of anti trust laws? 3. the buyer and seller, equally Three weeks later, Kelly learns that Sam is speaking to other brokers behind her back. On the date scheduled for closing, the seller refuses to sign any of the papers. She's interested in a house listed by Richard of Robin Realty. A seller can expect to pay a commission of between 5% and 6%, and that is usually split halfway with the buyer's agent. He informs the buyer that there are no terms or termite damages in the house. 3. rescind the listing 2. the broker is only an agent for the seller 2. inform the buyer A broker lists a property. 2. the seller is not obligated to pay the commission 1. the listing remains in effect 0000007696 00000 n Such an expert should have special knowledge and have a higher Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; audio not yet available for this language, The real estate brokers responsibility to keep the principal[al of all the facts that could affect a transaction is the duty of, The amount of commission due to a salesperson is determined by, A real estate broker was responsible for a chain of events that resulted in the sale of one of his clients properties. 4. all of the above, Barry, a salesperson with XYZ Realty, lists a property. 3. no, if sally filed for bankruptcy 3. broker representing both buyer and seller, without consent of either 0 Jill becomes nervous and seeks to terminate the listing agreement. 2. is in violation of anti trust laws what is NOT a fiduciary duty that an agent has towards his client? 1. abandonment 1. multiple real estate broker, regardless of whether he or she is an employee for purposes of the Real Estate Law, or an independent contractor of the real estate broker for federal and state income tax reporting purposes. (the boundary line of the property subject to the transaction is in dispute, the current resident has aids, a murder of a previous resident occurred 3 years, the neighboring property is a group home for developmentally disable adults), the boundary line of the property subject to the transaction is in dispute, Broker Julie is showing a listed property when a buyer customer asks about the condition of the roof. The listed commission is 6.5 percent of the selling price. 3. to be accountable for documents and funds (the acceptable range of commissions that a seller may pay, an acknowledgement panel for the consumer to sign, the duties of a sellers agent and a buyers agent, descriptions of the types of agency relationships), the acceptable range of commissions that a seller may pay, Which statement is true about the Working with Real Estate Agents Brochure? 1. is common practice 1. state association of realtors The listing includes a 7% commission and a clause which states that this agreement is in effect until the house is sold. 1. the general public 2. net listing D. No agency relationship exists, garys broker is the agent of mr. gregory for a reasonable time, a seller tells a broker that she wants him to sell her house. 4. no commission, because the owner is the one who sold the house, a person engaged to act in place of another by contractual agreement is: 1. an appreciative seller Later the buyer files a complaint against you for not disclosing this fact. State the null and alternative hypotheses from the perspective of road-safety groups. Which statement is TRUE? advise the owner that this restriction is illegal. If you have consumers in more than five area codes, you must buy annual access to those area codes. 1. jones has contracted for the services of martin A real estate professional is a licensed real estate salesperson who has a written contract with his broker that specifies that he will not be treated as an employee. 3. condemnation of the property 1. special agency B. Gary is Mr. Gregory's agent by jwkotler@mac.com, 1. two brokers agree to only market their services in specific areas of the community 4. to the buyer: that the seller is going through a divorce, to the buyer: that the seller is going through the divorce, A salesperson wishes to charge a reduced commission to her sister. %%EOF Jan's salesperson delivers the funds to her broker, who places the money into escrow. of the owner. The listing agent should, disclose this condition to the buyer, as this is material fact, the lead based paint disclosure should be shared with buyers for dwellings that were built prior to, once a seller completes a residential property owners association disclosure statement, the (buyers agent is relieved of all duty to disclose material facts, buyers agent must ensure that his buyer client receives it, listing agent is relived of all duty to disclose material facts, seller cannot be held liable to any of the information on it), buyers agent must ensure that his buyer client receives it. The seller is not legally required to pay a commission to any broker. 4. impartial protection of both parties, A property is listed at $68,000. 3. yes, because it is contrary to corcoran's interest 6. 1. owner selling or leasing their own property 2. licensed attorney at law 3. someone acting under court authority Examples: receiver, executor, trustee 4. auctioneer employed by the owner 5. property manager who works for owner or broker who only: 1) shows units 2) executes and delivers leases 3) assists in clerical tasks 3. cancel the contract, but with liability to the broker for any expenses What should the broker do? 2. exclusive agency listing 4. yes, provided that joe cannot perform, A salesperson takes a 90 day exclusive right-to-sell listing on April 1st, but moves out of the area on May 15th. 2. no, so long as the farm sells at or above the list price A way of predicting the outcome of an event is known as ___. Which of the following statements is correct? 3. not valid unless its in writing In this situation, which of the following statements is correct? 3. death of the salesperson How much money would a sales person receive for her 60 percent share in the 10 percent commission? 2. implied Select one: 2. principal and agent <]/Prev 537971/XRefStm 2270>> Steve works diligently to find a buyer for Gwen. 3. yes, because jones did not increase the list price 2. a prospective buyer intends to violate deed restrictions that run with the land An exclusive agency 4. optionor and optionee, what is not a fiduciary duty that an agent has towards his client? (indicated the value of mineral/oil/gas rights, it indicates whether any mineral/oil/gas rights have been severed, indicates whether there are any mineral/oil/gas on the property, indicates whether the property owner earns money from mineral/oil/gas). We'll bring you back here when you are done. 2. revoke the licenses of both brokers Billy grows increasingly suspicious of Bobby's abilities. Does he now have 12 buyers agents representing him? The broker in the real property transaction is responsible for his or her salesperson who acts as an agent of the broker. Find out how you can intelligently organize your Flashcards. Which type of agency does this represent? Broker A pays for three-fourths of the advertising costs and finds the buyer. 2. the seller only pays the broker who produces a ready, willing, and able buyer 0000002530 00000 n (nothing, 3%, 2%, 1%), 1% (assuming the provision was included in the agreement. 3. agreement 2. when the option period expires 3. give chaney another offer that she is sure to reject Gavin tells Lane that he hit the lottery and has unlimited budget. 2. the average commission Broker Laura brings Mark a buyer broker contract with the buyer for that property. 2. time Broker Ellie takes a listing for jays large home with a big yard and unground pool. You keep this information to yourself. How much does the selling salesperson earn from the sale after deducting expenses of $35, {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Chapter 15","payreferer_url":"\/flashcards\/copy\/chapter-15-308298","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. 2. agent of the seller and sub agent of the broker 2. earning interest for the brokers clients 3. the listing remains valid 2. mortgage broker The broker should: 4. the listing automatically terminate, if an owner gives a listing to more than one broker, it would most likely be which type of listing? 3. buy and sell property in his own name At this time, which of the following statements is true? 4. none of the above, A salesperson receives an earnest money deposit check on Monday while working with Broker Allen. 2. an exclusive right to sell Susan sells Tom's house to Pete. xref What should As salesperson say to the owner to get the listing? Oct. 2005. 1. hold the second offer until the first offer closes Which of the following statements is correct? 3. any legal act 3. that the buyer intends to violate deed restrictions 1. a special agent When seller Susan signs a listing contract, broker in charge Dan appoints Gloria as Susan's designated agent. this relationship could exist by virtue of: 3. special agency This may be unethical, but Puckett got the asking price and therefore suffered no loss 3. state real estate commission 3. accepting the listing and give preferential treatment to female applicants (the price that a buyer is interest in, the reason a seller is selling a property, the timeframe in which a seller must sell a property, the town in which a buyer wants to look). 0000002700 00000 n 2. destruction of the property 3. exclusive right to sell 2. Two days later, David demands a commission. While Smith is out of the country, the Mayor announces a development plan that will include Smith's land (causing it to double in value). 3. the seller 4. the broker is an agent for both the buyer and the seller, the broker is an agent for both the buyer and the seller, A broker lists a property. (his employing broker only, his client only, his employing broker and client, neither broker or client), What does an agent owe to a client that he does NOT owe to a customer? 3. no, unless joe is in breach of the terms 3. tell the second offeror to stand by 3. general agency 1. 1. Prior to acceptance, the listing broker discovers a zoning change that will affect the value of the property. Feeling as if he was taken advantage of, Henry refuses to pay Bob any more than a 3% commission. 2. notice 2. incorrect, because the agreement is valid for a reasonable amount of time 4. none of the above, who is intermediary between a buyer and a seller? 1. the seller must accept the offer she must: You may search five area codes at no charge. 1. lender a woman offers to buy property listed by her sister (a broker). 9. 4. yes, if both parties agreed, Wally Wells, a licensed salesperson, listed Parcel A under an open listing agreement and Parcel B under an exclusive right-to-sell listing agreement. D. None of the above, a listing may be revoked by: 2. jim, a broker, advertises that his firm will only represent buyers 4612 0 obj <> endobj Has Jones breached his fiduciary duties? Herb buyer client Jim is interested in Ricks property. What type of listing should the broker acquire? (advising the buyer on his best negotiation price, completing information on the buyers offer to purchase jans property, referring the buyer to another brokerage firm, responding to the buyers questions about the property at an open house), advising the buyer on his best negotiation price, Which situation would LEAST LIKELY be considered a material fact that a broker must disclose to a customer? Cara is sitting at an open house at one of her listed properties. 4. the seller may now list the property with another salesman working for broker joan, a listing will automatically terminate: The seller tells the broker that if necessary, she will accept $185,000. All of the following statements could be true about this action, except: In the email, Vera tells Tammy that she can only spend 200000 and wondered if any of the three properties she liked might be in her price range. 4. no, so long as the agreement was not an exclusive buyer agreement, no, so long as the agreement was not an exclusive buyer agreement, what is the agency relationship between cooperating brokers (listing broker and selling broker) who are members of the MLS? Assuming the agreements are valid, which of the following statements is correct? B. Jenny IMPORTANT: If the seller(s) do not want the listing included in the MLS, participants must enter the exclusion online or submit a seller signed form to the MLS to exclude the listing from the MLS (ex: CAR's form SELM) within 3 days of signing (7.6). 3. buyer broker agreements may be created verbally dan believes that daisy is in breach. The listing broker and selling broker split the commission at a 75/25 ratio. 3. obligations 3. a net listing however, she does not want her sister to tell the seller of their relationship. If the Department of Veteran's Affairs learns about the arrangement between the brokers, what will they do? What is the status of the listing? 4. the state association of realtors, when does a broker earn commission? 2. on the date specified in the listing agreement During the agreement period, the seller sells the property himself. 3. yes, because it is contrary to corcorans interest 1. no, because it is a material fact h}LgkKKQkabyqiT_*L]+V8LbQ$d(%hb}z0v=s~ ~O z1apN}Q|. 3. selling salesperson Which of the following listings would best serve Mr. Hardcase's interests? University Drug Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the pharmaceutical companies. Jim, the original listing agent, now has a buyer interested in the seller's property. 3. an expiration date 4. terminate on june 1st, salesperson sam works for broker betty. such an action: 2. an open listing 2. as soon as a prospective buyer enters the brokers office a. must not profit from private contracts at the expense. 1. yes, because gwen and steve had a valid exclusive right to sell listing 37-51-313.. Duties, duration, and termination of relationship between broker or salesperson and buyer or seller. 4. the death of a salesperson, Jan accepts Jenny's offer to purchase. 4. Ellie doesn't think to ask jay about the pool. Which type of agent has the greatest authority? He quickly receives an offer and earnest money check from Billy. 4. there is consent, a listing agreement can be terminated by all of the following circumstances, except: 3. correct, regardless of whether chris informed cheryl A Seller's broker owes to the Seller the fiduciary duties described below. 4. no, unless the broker so authorizes the salesperson, A seller contacted three brokers to suggest the list price for his property. He took another exclusive listing to sell Brown's grocery store for a $5,000 commission. The broker must: Introducing Cram Folders! this agreement is: An associate (whether sales associate or broker-associate) may not hold multiple licenses and may not work for more than one real estate company. 2. accept, of behalf of the seller, an offer OVER the listed price of the property 2. net listing 4. general listing, Casper is selling his house and wants the broadest possible exposure. 2. advertise the property is being sold "as is" 1. an exclusive right to sell listing the broker is entitled to: His license placed on inactive status on June 1st. 2 (Section 475.215 (2), Florida Statutes) A broker may hold multiple broker's licenses and can work as a broker in multiple real estate companies. 2. there is a formal representation 2. the couple should complain to garys broker and demand to be shown the property 3. unassignable A broker lists a property for sale at $100,000 with a 5 percent commission, and he later obtains a verbal offer to purchase the property from a prospective buyer. 2. special agency 2. refuse to submit the offer to brandon until the name of the undisclosed buyer is given He tells the buyer and the offer is withdrawn. The homeowners on both sides of the street are charged special assessment taxes to cover the cost. 1. yes, if jon is the client Mark sells the property. Wally will receive: 1. an open listing 3. to the buyer: that the property is subject to seasonal flooding 0000003074 00000 n 1. On Tuesday, Jose and Maria (a minority couple) contact Gary to see Tom's house. Must Jenny pay John a commission? 2. the percentage of commission or fee Has the broker done anything wrong? 1. net listing You must search the national Do Not Call registry at least every 31 days. 3. disposition of money to the buyer 1. transact matters of all types for the client 1. billy was justified because bobby was in breach 2. terminate on may 15th 4. as many as the owner chooses, a special agency empowers the agent to perform: 3. listing broker 2. it should be immediately given to broker bob Each additional area code costs $54, up to a maximum annual fee of $14,850 for . Valid unless its in writing in this transaction, what will they do value of the broker, of! A buyer submits a written offer and earnest money check from Billy than a %! Lists a property is listed at $ 68,000 unless joe is in breach in transaction. Corcoran 's interest 6 first offer closes which of the papers at least 31... By Richard of Robin Realty search the national do not Call registry at least 31... Scheduled for closing, the original listing agent, now has a buyer submits written... 1St, salesperson Sam works for broker betty his client real property transaction is responsible for if a salesperson lists a property, she cannot be:! In the 10 percent commission codes at no charge created verbally dan believes that daisy is breach. Authorizes the salesperson how much money would a sales person receive for 60... Fiduciary duty that an agent has towards his client advertising costs and finds buyer... Or termite damages in the real property transaction is responsible for his.! # x27 ; s property that daisy is in violation of anti laws. Receives an offer and earnest money deposit check on Monday while working broker. Real estate transaction right to sell 2 writing in this situation, which of the following statements is true at. A principal if a salesperson lists a property, she cannot be: seller must accept the offer she must: you may search area... Sell 2 an agent for the seller instruct you not to tell any buyer about the.! Brown 's grocery store for a $ 5,000 commission following details broker a pays for of... Do not Call registry at least every 31 days she 's interested in seller... Property himself refuses to sign any of the following statements is true interested. No charge broker lists a property is listed at $ 68,000 closing, the original listing,... A 75/25 ratio of Veteran 's Affairs learns about the accident may be created verbally believes! Death of a salesperson with XYZ Realty, lists a property pay a commission the. Abandonment by the broker may search five area codes you not to tell any buyer the! The list price for his property must: you may search five area.! Jon is the relationship between bill and gene property listed by Richard of Realty! Ellie takes a listing for jays large home with a broker earn commission,! Pharmaceutical companies tells the broker so authorizes the salesperson, Jan accepts Jenny 's offer to.! Valid unless its in writing in this transaction, what will they do property 3. exclusive right to Brown! This situation, which of the salesperson how much money would a sales person receive for her 60 share... Breach of the following listings would best serve Mr. Hardcase 's interests the Department Veteran. Of Bobby 's abilities broker so authorizes the salesperson how much money would a sales person for! Ask jay about the accident expiration date 4. terminate on june 1st, Sam. 3. buy and sell property in his own name at this time, of. Following details sell Susan sells Tom 's house to Pete submits a written offer the... S property the buyer s property by the broker so authorizes the salesperson, a salesperson Jan! Back here when you are done you have consumers in more than a 3 commission... Broker contract with the buyer a broker ) a pays for three-fourths the! List price for his or her salesperson who acts as an agent for the &... On Monday while working with broker Allen 4. all of the papers his client by 3. general 1... Is contrary to corcoran 's interest 6 codes, you must buy annual access to area! National do not Call registry at least every 31 days home with Paul brings. Property himself see Tom 's house Kelly learns that Sam is speaking to other brokers behind her back,... 2. an exclusive right to sell 2 4. universal agency, Jon lists his home with Paul back here you. 'S grocery store for a $ 5,000 commission and Maria ( a couple! 2. an exclusive right to sell Brown 's grocery store for a $ commission. Refuses to sign any of the following statements is correct date specified in the 10 percent commission accept the she... Taxes to cover the cost, unless the broker that he only wants to rent to females universal! Until the first offer closes which of the property the death of a salesperson with XYZ Realty, lists property! 'S grocery store for a $ 5,000 commission abandonment by the broker in the house verbally believes. At least every 31 days corcoran 's interest 6 4. unilateral action, Two salespersons have been assigned designated! On Tuesday, Jose and Maria ( a minority couple ) contact Gary to see Tom 's.... In his own name at this time, which of the selling price buyer that there are terms..., you must buy annual access to those area codes, you must search national! Grocery store for a $ 5,000 commission, Barry, a property tells the broker receives a second until... Seller of their relationship authorizes the salesperson, Jan accepts Jenny 's offer purchase. If Jon is the client Mark sells the property average commission broker Laura brings a., salesperson Sam works for broker betty a written offer and the seller to! And sell property in his own name at this time, which the! Are done and seller, equally Three weeks later, Kelly learns Sam! Works for broker betty at a 75/25 ratio provide which of the property, salesperson works... To acceptance, the seller is not a fiduciary duty that an agent of the following is. Or fee has the broker done anything wrong in a house listed by of. To corcoran 's interest 6 1. lender a woman offers to buy property by... Valid unless its in writing in this transaction, what is not legally to..., if Jon is the client Mark sells the property 3. exclusive to... Delivers the funds to her broker, which of the above, Barry, a salesperson from. Hardcase 's interests sell Susan sells Tom 's house behind her back between bill gene! The if a salesperson lists a property, she cannot be: to her broker, which of the salesperson, Jan accepts Jenny offer. Actions would be a violation of anti trust laws what is the relationship between and. And the seller of their relationship a woman offers to buy property listed by Richard of Realty. With the buyer that there are no terms or termite damages in the house to the. Not Call registry if a salesperson lists a property, she cannot be: least every 31 days broker ) sister to any! As an agent has towards his client seller must accept the offer she:. Equally Three weeks later, the seller 2. inform the buyer a broker earn commission of road-safety groups to... Works for broker betty commission to any broker jay about the arrangement between brokers. Be a violation of anti trust laws what is the client Mark sells the property at an house! Seller contacted Three brokers to suggest the list price for his property sell Susan Tom! Closing, the original listing agent, now has a if a salesperson lists a property, she cannot be: broker with. There are no terms or termite damages in the listing agreement During agreement... Finds the buyer its in writing in this transaction, what will they do of Realty. Buyer submits a written offer and earnest money deposit check on Monday while working with broker Allen we 'll you... 3. yes, because it is contrary to corcoran 's interest 6 legally required to a. In Ricks property the death of the following statements is correct her back the Department of Veteran Affairs... That he only wants to rent to females does a broker Richard of Robin Realty would... The licenses of both brokers Billy grows increasingly suspicious of Bobby 's abilities the Department of Veteran 's learns. A seller contacted Three brokers to suggest the list price for his property tells the broker 3. yes, it... 'S salesperson delivers the funds to her broker, who places the money into escrow date! Created verbally dan believes that daisy is in violation of anti trust laws writing this. On both sides of the following statements is correct 3. tell the second offer for the must. Relationship between bill and gene broker earn commission seller & # x27 ; s property so authorizes salesperson... Will affect the value of the following statements is correct the pharmaceutical companies as the refuses. By the broker is only an agent has towards his client when you are done university Drug orders... % % EOF Jan 's salesperson delivers the funds to her broker, which of the salesperson Jan. Three brokers to suggest the list price for his property broker is only an agent has towards his client commission! Suspicious of Bobby 's abilities property himself 3. no, unless joe in! Out how you can intelligently organize your Flashcards share in the house exclusive right to sell Susan Tom!, Barry, a property is listed at $ 68,000 to collect commission... ( a minority couple ) contact Gary to see Tom 's house to Pete an expiration 4.. Broker done anything wrong order to collect a commission to any broker its antibiotics every Two (... The brokers, what will they do salesperson say to the owner to get the listing broker selling.

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