A salesperson may enter into a dual agency provided this is:
Disclosed to buyer and seller in writing
Disclosed to buyer, seller and commissioner
Oral disclosure to buyer and seller
Oral disclosure to buyer, seller, broker and commissioner
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Disclosed to the buyer and seller in writing
What do the seller and listing broker have to agree on when listing a property?
Property address
Title Report
Clouds on Title
Ending Date of Listing
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, Ending Date of Listing
Who gives the right for a party to act in behalf of another in negotiations?
Broker
Lender
Buyer
Principal
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Principal
A broker lists a property for sale, but the broker has never advertised, shown the
property, or communicated to the seller in any way. The seller has a right to conclude
that the broker:
Has a busy schedule
Assigned the listing to another broker
Found the property overpriced
Has breached fiduciary and abandoned the listing
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Has breached fiduciary and abandoned the listing
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty
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Full disclosure of all material facts
Seller of a property tells a broker he only wants to see full price offers. The broker
receives an offer less than the listed price, what should the broker do?
Present the offer to the seller
Is not required to present the offer
If the broker presents the offer he would violate his fiduciary duty to the seller
Refuse to write the offer
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Present the offer to the seller
A broker lists a property with provisions of subagency. Another broker accepts the
term of the listing broker's offer to cooperate. The co-operating broker is acting as:
Agent to the buyer
Agent to the seller
Subagent to the seller
Not an agent of either party
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Subagent to the seller
An agent tells a buyer, "This is the best house in the neighborhood for you." The agent,
who has been employed by the seller, continues to represent the buyer during the
course of the transaction. This type of agency would be:
Disclosed to buyer and seller in writing
Disclosed to buyer, seller and commissioner
Oral disclosure to buyer and seller
Oral disclosure to buyer, seller, broker and commissioner
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Disclosed to the buyer and seller in writing
What do the seller and listing broker have to agree on when listing a property?
Property address
Title Report
Clouds on Title
Ending Date of Listing
Give this one a try later!
, Ending Date of Listing
Who gives the right for a party to act in behalf of another in negotiations?
Broker
Lender
Buyer
Principal
Give this one a try later!
Principal
A broker lists a property for sale, but the broker has never advertised, shown the
property, or communicated to the seller in any way. The seller has a right to conclude
that the broker:
Has a busy schedule
Assigned the listing to another broker
Found the property overpriced
Has breached fiduciary and abandoned the listing
Give this one a try later!
Has breached fiduciary and abandoned the listing
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty
, Give this one a try later!
Full disclosure of all material facts
Seller of a property tells a broker he only wants to see full price offers. The broker
receives an offer less than the listed price, what should the broker do?
Present the offer to the seller
Is not required to present the offer
If the broker presents the offer he would violate his fiduciary duty to the seller
Refuse to write the offer
Give this one a try later!
Present the offer to the seller
A broker lists a property with provisions of subagency. Another broker accepts the
term of the listing broker's offer to cooperate. The co-operating broker is acting as:
Agent to the buyer
Agent to the seller
Subagent to the seller
Not an agent of either party
Give this one a try later!
Subagent to the seller
An agent tells a buyer, "This is the best house in the neighborhood for you." The agent,
who has been employed by the seller, continues to represent the buyer during the
course of the transaction. This type of agency would be:
