,Can an inactive agent be paid a referral commission if they were active at the time they made the
referral?
Yes. If and only if they were active at time of referral
Must Dual Agency be in writing?
Before an offer is made, Yes. Dual agency must be in writing and signed by both parties
At a listing appointment, the agent should be gathering all information for listing and what? Advertising
May a BIC and their Provisional Broker enter into dual agency together?
No. Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written"
Prior to first offer
Are all in-house transactions Dual Agency?
No. The exceptions would be Seller Sub Agency or Unrepresented Buyers
,Can The Real Estate Commission fine brokers?
No. They can only reprimand, suspend, and revoke licenses
Who can sue agents civilly for monetary compensation?
Principles of a transaction
If Dual Agency is not disclosed is a commission due?
No. Therefore it is imperative to disclose dual agency before any offers are written
As a dual agent, the agent's duties are reduced to what?
Contractual Obligations
What must all agency agreements have?
A beginning and ending date
Oral to Oral & Written to Written describe what?
The permissions needed to show a property as a "Dual Agent"
What should every agent bring to a listing appointment?
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement?
, The listing agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement?
Whomever brings a buyer
Who can sell a property in an Open listing?
Any actively licensed agent
In a net listing money above the asking price is paid to whom?
Listing Agent
Who is the actual agent to the principle in a transaction?
The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings?
Lease to purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed?
At first substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your license?
referral?
Yes. If and only if they were active at time of referral
Must Dual Agency be in writing?
Before an offer is made, Yes. Dual agency must be in writing and signed by both parties
At a listing appointment, the agent should be gathering all information for listing and what? Advertising
May a BIC and their Provisional Broker enter into dual agency together?
No. Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written"
Prior to first offer
Are all in-house transactions Dual Agency?
No. The exceptions would be Seller Sub Agency or Unrepresented Buyers
,Can The Real Estate Commission fine brokers?
No. They can only reprimand, suspend, and revoke licenses
Who can sue agents civilly for monetary compensation?
Principles of a transaction
If Dual Agency is not disclosed is a commission due?
No. Therefore it is imperative to disclose dual agency before any offers are written
As a dual agent, the agent's duties are reduced to what?
Contractual Obligations
What must all agency agreements have?
A beginning and ending date
Oral to Oral & Written to Written describe what?
The permissions needed to show a property as a "Dual Agent"
What should every agent bring to a listing appointment?
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement?
, The listing agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement?
Whomever brings a buyer
Who can sell a property in an Open listing?
Any actively licensed agent
In a net listing money above the asking price is paid to whom?
Listing Agent
Who is the actual agent to the principle in a transaction?
The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings?
Lease to purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed?
At first substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your license?
