Commission rates are set by?
A. state law
B. local custom
C. the broker
D. agreement between seller and broker
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D. agreement between seller and broker
The salesperson who sincerely tries to represent both buyer and seller is practicing
A. fraud
B. puffing
C. dual agency
D. general agcency
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, C. dual agency
If the agent in the previous question is acting as a buyer's broker, the most correct
response for the broker is to
A. say nothing to the seller because of the duty of confidentiality to the principal
B. explain to the buyer that not revealing the problem to the seller may constitute
concealment of a material defect
C. tell the seller, at the same time asking the seller not to reveal to the buyer that
confidentiality was breached
D. try to find another buyer for the property
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B. explain to the buyer that not revealing the problem to the seller may
constitute concealment of a material defect
Commission usually are earned when
A. the buyer makes a purchase offer
B. the seller accepts the buyer's offer without conditions
C. a new mortgage has been promised by the lender
D. title to the property transfers.
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B. the seller accepts the buyer's offer without conditions
The procuring cause of a sale is
A. always the person who first shows the property
B. always the licensee who draws up the contract
A. state law
B. local custom
C. the broker
D. agreement between seller and broker
Give this one a try later!
D. agreement between seller and broker
The salesperson who sincerely tries to represent both buyer and seller is practicing
A. fraud
B. puffing
C. dual agency
D. general agcency
Give this one a try later!
, C. dual agency
If the agent in the previous question is acting as a buyer's broker, the most correct
response for the broker is to
A. say nothing to the seller because of the duty of confidentiality to the principal
B. explain to the buyer that not revealing the problem to the seller may constitute
concealment of a material defect
C. tell the seller, at the same time asking the seller not to reveal to the buyer that
confidentiality was breached
D. try to find another buyer for the property
Give this one a try later!
B. explain to the buyer that not revealing the problem to the seller may
constitute concealment of a material defect
Commission usually are earned when
A. the buyer makes a purchase offer
B. the seller accepts the buyer's offer without conditions
C. a new mortgage has been promised by the lender
D. title to the property transfers.
Give this one a try later!
B. the seller accepts the buyer's offer without conditions
The procuring cause of a sale is
A. always the person who first shows the property
B. always the licensee who draws up the contract
