Sue the broker Study guides, Class notes & Summaries

Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 3&4 Sue the broker Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broke...

Alabama Law Quiz Latest Update Graded A Why is taking a net listing a law violation? the listing is prohibited in Alabama Which documentation could be used as proof of high school completion outside the U.S.? us college transcript showing high school education sufficient for college admittance Applicants for a salesperson license must submit fingerprints along with the criminal history review application. Which of the following is NOT a good idea when having fingerprints taken? have the prints...

COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? - -BuyerThe seller gets the funds The journal: - -is a chronological record of all receipts and disbursements made by the broker from the escrow bank account Title passes from the grantor to the grantee: - -when the seller signs the warranty deed When earnest money is withdrawn from the escrow account a...

11. Broker Wilson, a sole practitioner, obtained an exclusive right to sell listing on a property. Five days later he died. 10 days after his death an offer was made on the property to a cooperating broker. Which of the following statements is true concerning this situation? 1. Wilson's wife could assume the listing contract and present the offer to the seller. 2. If the offer was accepted by the seller, Wilson's commission would be paid to his estate. 3. The listing agreement terminated ...

Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker a. included in the listing agreement a lot ...

Oklahoma Real Estate Exam Questions and Answers Rated A+ How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include the interest of oil, gas or other mineral interest Real Estate Broker Shall include any person , Partnership, association, or cooperation, who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or attempts to negotiate any such activity Broker Associate Shall include any perso...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

Champions Real Estate Exam: Law of Agency Latest Version Graded A+ This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd party believes ...

MISSOURI REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only - -b Susie is employed by broker Joe to show rental properties that he manages. She shows rental units, collects security deposit checks made payable to the owner, and delivers leases. Based on these actions, Susie: Must be a real estate licensee Is violating MREC rules Is creating a criminal offense Is not...

A seller is required to disclose information regarding the type of insulation and the condition of the water supply and sewage disposal system to the buyer in all the following transactions EXCEPT a. when the seller is not assisted by a licensed real estate agent b. when the seller has not resided in the property in the last year c. for sale of commercial property d. when the buyer has lived on the property as a tenant c. for sale of commercial property Seller property disclosure m...