Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 To be valid, a listing agreement - answermay be oral or written The type of listing that assures a broker of compensation for procuring a customer, regardless of the procuring party, is a(n) - answerexclusive right-to sell agreement An owner agrees to pay a broker for procuring a tenant unless it is the owner who finds the tenant. This is an example of a(n) - answerexclusive agency agreement. A landlord promises to compensate a broker for procuring a tenant, provided the broker is the procuring cause. This is an example of a(n) - answeropen listing A property owner agrees to pay a broker a commission, provided the owner receives a minimum amount of proceeds from the sale at closing. This is an example of a(n) - answernet listing A multiple listing authorization gives a broker what authority? - answerTo list the owner's property in a multiple listing service. A broker is hired to procure a customer for a client. In order to earn compensation, the agent must procure a customer who - answeris ready, willing, and able to transact. One of the most important actions an owner's agent is authorized to perform under an exclusive listing agreement is - answershowing the property. An agent's performance of due diligence concerning a listing can best be described as - answerascertaining the facts about the client and the property at the onset of the listing period. The amount of a real estate broker's commission is - answerestablished through negotiation with clients The most significant difference between an owner representation agreement and a buyer representation agreement is - answerthe client. A client suddenly decides to revoke an exclu