Exam (elaborations)
texas sae real estate brokerage test 2023 Questions and Answers complete
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Customer/Third Party- only owe Fairness, Honesty, Disclosure. Must turn a Customer/Third Party into a Client/Principle you do so by having them sign either a Buyers Rep Agreement or Seller Agency/Listing Agreement. 4 TYPES OF LISTING AGREEMENTS 1. Open Listing- Multiple Brokers Can Sell the Property and Who Ever Sells It Gets the Commission. 2. Exclusive Agency Listing- One Broker Only but If Seller Finds a Buyer, Then No Commission Is Due to Broker. 3. Exclusive Right to Sell- Only One Broker and The Broker Gets the Commission No Matter Who Brings the Buyer. 4. Net Listing- Legal in Texas but Has Ethical Issues, When the Seller Only Wants a Set Amount and What Ever the Amount Over the Set Amount Will Go to The Broker.
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Institution
Central Texas Community College
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- Uploaded on
- March 23, 2023
- Number of pages
- 10
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- honesty
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texas sae real estate brokerage test 2023 questions and answers complete
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customerthird party only owe fairness
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disclosure must turn a customerthird party into a clientprinciple you do s
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