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ASREB CHAPTER 13 QUESTIONS WITH 100% CORRECT ANSWERS..

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ASREB CHAPTER 13 QUESTIONS WITH 100% CORRECT ANSWERS

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A property owner and broker agree to a listing agreement that provides for the owner
to receive a specified amount from
the sale and the broker to receive anything above that amount. This type of listing is
called a(n)


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A. net listing.
B. exclusive agency listing.
C. exclusive right to sell listing.
D. open listing.




A listing agreement is a mutual agreement between a broker and a principal and is
considered a(n)


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, A. contract of sale.
B. agreement of sale.
C. purchase contract.
D. authorization to sell.




Brokers are required to keep copies of rejected offers for a period of


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A. 1 year.
B. 3 years.
C. 5 years.
D. 10 years.




Which is true regarding the printed words in a standard form listing contract?


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A. The parties may not cross out any of the printed words.
B. Handwritten words take precedence over printed words if there is an
inconsistency.
C. Nothing may be added to the printed form except in spaces provided.
D. If handwritten items are added, signatures must be acknowledged.




In order to collect a commission under an exclusive right to sell listing, it is NOT
necessary for a broker to prove which
of the following?


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