WEICHERT NJ REAL ESTATE |
CHAPTER 10 QUIZ WITH COMPLETE
SOLUTIONS
When a broker has an exclusive-agency listing, the broker may end up - ANSWER-
splitting the commission with the owner/seller
What is the effect of an oral listing - ANSWER-Unenforceable
A listing agreeable may be terminated for any of the following reasons EXCEPT -
ANSWER-the death of the salesperson
A comparative market analyst (CMA) differs from an appraisal in that the CMA often
includes - ANSWER-an analyst of properties that failed to sell
Brokers and salespeople are obligated to provide the listing owner with a - ANSWER-
one-page official summary of the NJ Law against Discrimination
The type of listing agreement that provides for the payment of a commission to the
broker even if the owner makes the sale without the broker's help is called an -
ANSWER-exclusive-right-to-sell listing
Under which of the following listing agreements can the owner of the listed property sell
the property on her own without having to pay the listing broker a commission? -
ANSWER-Open and exclusive-agency listings
How are commissions established? - ANSWER-Negotiation between the seller and the
broker
Which of the following will NOT terminate a listing agreement? - ANSWER-The Seller
cannot find another house to buy
The broker enters into a listing agreement with a seller in which the seller will receive
$12,000 from the sale of a lot and the broker will receive any sale proceeds over this
amount. This type of listing is - ANSWER-a net listing (which is illegal)
CHAPTER 10 QUIZ WITH COMPLETE
SOLUTIONS
When a broker has an exclusive-agency listing, the broker may end up - ANSWER-
splitting the commission with the owner/seller
What is the effect of an oral listing - ANSWER-Unenforceable
A listing agreeable may be terminated for any of the following reasons EXCEPT -
ANSWER-the death of the salesperson
A comparative market analyst (CMA) differs from an appraisal in that the CMA often
includes - ANSWER-an analyst of properties that failed to sell
Brokers and salespeople are obligated to provide the listing owner with a - ANSWER-
one-page official summary of the NJ Law against Discrimination
The type of listing agreement that provides for the payment of a commission to the
broker even if the owner makes the sale without the broker's help is called an -
ANSWER-exclusive-right-to-sell listing
Under which of the following listing agreements can the owner of the listed property sell
the property on her own without having to pay the listing broker a commission? -
ANSWER-Open and exclusive-agency listings
How are commissions established? - ANSWER-Negotiation between the seller and the
broker
Which of the following will NOT terminate a listing agreement? - ANSWER-The Seller
cannot find another house to buy
The broker enters into a listing agreement with a seller in which the seller will receive
$12,000 from the sale of a lot and the broker will receive any sale proceeds over this
amount. This type of listing is - ANSWER-a net listing (which is illegal)
