NYREI quiz questions with correct answers 2023

NYREI quiz questions with correct answers 2023 Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What type of listing did Greg have with PDQ? - CORRECT ️️ Exclusive agency Which statement indicates that the listing agreement is an exclusive right to sell? (the commission expected on the sale price, a notice to terminate the agreement at the end of the listing period, a notice regarding the existence of the Real Estate Recovery Fund, a statement that the broker is paid regardless of who sells the property - CORRECT ️️ A statement that the broker is paid regardless of who sells the property A seller instructs a sales agent not to disclose a defect hidden behind a paneled wall. The sales agent is under the duty to: - CORRECT ️️ not follow the instruction of the principal in this matter and possibly void the listing Seller Sam calls a real estate agent to list his home. Sam tells the agent that he wants 156k in his pocket at closing and the agent can have the rest for the commission. What type of listing would this be? - CORRECT ️️ Net listing. Illegal in NY The seller lists her house with New Age Realty. The next day, the seller goes to work and mentions listing her house. A co-worker expresses interest in the listing. What kind of listing would make the broker entitled to a commission if the co- worker makes an offer acceptable to the seller? - CORRECT ️️ Exclusive right to sell