Sellers subagent - Study guides, Class notes & Summaries

Florida Real Estate Exam Questions With Solutions Latest Updated Rated 100%. In which form of co-ownership is a person's ownership inheritable? a. Joint tenancy b. Tenancy by the entirety c. Tenancy in common d. Tenancy in severalty c. Tenancy in common allows for a persons share to be inheritable, it does not automatically pass forth to the rest of the owners like in joint tenancy (this is called the right of survivorship). Florida Real Estate Exam Questions With Complete Solutions Lat...

Law of Agency-Final Exam Review A sellers subagent is working with a buyer - who does the sub agent have a fiduciary relationship with, the buyer or the seller? - ANS The seller. Advice and opinions are given to whom: - ANS Clients. Are net listings legal in Texas; and what does TRELA recommend; - ANS Yes, legal and recommends that only if the seller wants the net listing then the broker is responsible for informing him of the market condition ...

Broker - ANSWER- licensed by the state - intermediary who brings together buyers and sellers - assists in negotiation of agreements - receives commission - executes orders - was a salesperson at some point salesperson - ANSWER- acts under the direction of a licensed broker - licensed by the state - not a broker Yes - ANSWERCan you be a RE agent and NOT a realtor? No - ANSWERCan you be a Realtor and NOT be a RE agent? Legal Aspects of Broker-Client relationship - ANSWER- Pri...

1151 Laws of Agency Questions and Answers Already Passed Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits.. a. are increased b. are decreased c. have stabi d. are not allowed a. are increased We study agency bc: a. the TREC requires people wishing to be licensed take an Agency class b. only brokers study agency c. only attorneys should study agency d. the client is required to take a class in agency a. the TREC requires.... The broker working wit...

Law of Agency Final Exam Review Latest Update Graded A+ Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits is: A. Increasing B. Decreasing C. Stabilizing over the last several years D. Broker lawsuits are not allowed. A. Increasing The correct answer is A. A broker is more likely to be sued because he failed to make it clear to all parties who he represented as a client. The broker working with a buyer customer and representing the seller through the ...

National Real Estate Exam – Hawaii Questions and Answers 100% Pass In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens - Correct Answer ️️ -no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given - Correct Answer ️️ - constructive notice. A salesperson lists a property with a contract that allows for sub agency an...

Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN WRITING Principal/Client -Answer-The person for whom the agent acts Typically the party who hires the agents to act on his behalf Could be the buyer in a buyer agency agreement or the seller in a ...

Law of Contracts Practice Exam Champions Questions and 100% Correct Answers Law of Contracts Practice Exam Champions (100% Correct) In ______the Texas Real Estate Commission was established to administer and enforce the TRELA. a. 1939 b. 1929 c. 1949 d. 1993 - c. 1949 TREC has only _______ promulgated lease forms. a. 1 b. 2 c. 3 d. 4 - b. 2 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens -:- no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given -:- constructive notice. A salesperson lists a property with a contract that allows for sub agency and dual agency. The salesperson is -:- an agent to the broker and subagent to the principal. What is the ...