MA Real Estate License - State Exam; Questions and Answer 100% Solved
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Course
MA Real Estate
Institution
MA Real Estate
MA Real Estate License - State Exam;
Questions and Answer 100% Solved
A licensed RE broker finds a ready, willing and able buyer for the seller. The
seller initial signs
and accepts the buyer's written offer, then later changes his mind and
withdraws the acceptance
of the offer. In this sc...
MA Real Estate License - State Exam;
Questions and Answer 100% Solved
A licensed RE broker finds a ready, willing and able buyer for the seller. The
seller initial signs
and accepts the buyer's written offer, then later changes his mind and
withdraws the acceptance
of the offer. In this scenario, the broker is... ✔✔still entitled to collect a
commission.
After the initial listing agreement btw. a seller & broker has expired, the seller
lists the property
w/ a different broker. If the original listing broker then finds a ready, willing and
able buyer, the
broker is... ✔✔unable to disclose any offers the seller received while he was the
listing broker
for the property.
A potential buyer approaches a RE agent expressing interest in property. Before
the agent enters
, MA Real Estate License - State Exam;
Questions and Answer 100% Solved
into an agency relationship, he/she is able to provide all of the following
services except...
✔✔tell the buyer how much they should offer on a property.
In order for a buyer-brokerage contract to be enforceable in the state of MA, the
agreement
must... ✔✔be in writing.
The only time a broker can receive a commission from both the buyer and seller
in a dual agency
situation is if... ✔✔both the buyer and seller agree to pay the dual
compensation.
Define "Dual Agency"... ✔✔Representing both parties in a transaction. This is
illegal unless both
parties agree to it.
A buyer drives by a property listed by ABC Realty and is interested but not in an
agency
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