Dual agency - Study guides, Class notes & Summaries

Barney Fletcher Cram Final Exam 100% correct answersA seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - correct answer B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did n...

law - ANSWER set of rules for human behavior which are established by legitimate authority precedent - ANSWER controlling rule, example or guide which provides framework for other judges to follow stare decisis - ANSWER the doctrine of a court following precedent of an earlier court constitution - ANSWER supreme law of the land judicial review - ANSWER power of courts to determine if law follows constitution supremacy clause - ANSWER constitution, federal law, federal regulations ...

New Jersey PSI Real Estate Exam With complete solutions. Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is ️ an agent to the broker and a subagent to the principal. Depreciation is calculated based on the ️ Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title...

Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note What is the post licensing grace period after first expiration ? none Deposits is a form of... valuable consideration Physical land and improvements real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes What is the maximum fine per offense ? $5,000 per fine...

According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? Two What happens to the licenses of salespersons if their sponsoring broker's license is revoked? They are suspended Which type of residential real property transfer would require a property to condition disclosure statement? Lease with an option to purchase A listing broker for the seller has a buyer-client who asks to see the listing. This req...

1. It is considered unethical for a counselor to: a. talk with a client any place other than the counseling office b. treat client problems that are beyond his skill level c. refuse treatment for certain clients d. discuss some personal feelings - ANSWER b. treat client problems that are beyond his skill level 2. When participating in the screening process, a counselor must also be skilled in: a. consulting with other professionals b. making referrals c. family system dynamics ...

MD Real Estate License Exam Questions and Answers 100% Pass Which of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreement? -The buyer must work exclusively with the broker during the term of the agreement. -The buyer has seven days to consent to being represented by a designated or dual agency before terminating the agreement. -The buyer must attend three open house events on their own. -The buyer must make a purchas...

Maryland Real Estate Law Practice Test Bonding requirement for real estate sales people and brokers in Md ️no bond required for salespeople and/or brokers circuit court clerk ️where deeds and mortgages may be recorded in each county company's escrow account ️where all funds received by a salesperson for the account of others must be deposited by the broker court penalty for acting as a broker ️a fine of not more than $5,000 and/or imprisonment for not more than one year earne...

Rockwell Ch.1 Quiz – Latest Update with Verified Answers A clause in a listing agreement states that any member of an MLS who attempts to find a buyer for a listed property is a cooperating agent, rather than an agent for the seller. This is a/an: a. unilateral offer of subagency b. offer of cooperation c. dual agency agreement d. agency by implication b. offer of cooperation Explanation: Under an offer of cooperation, other agents from an MLS are considered cooperating ...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...