New York Real Estate Exam Prep** Graded A+

The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker - ans -Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low offer because the seller is desperate to sell. The buyer offers $85,000 and the seller accepts it. In this situations: -The broker has violated his agency relationship with the seller -The broker was unethical, but the seller did get to sell the property -The broker acted properly to obtain a quick offer on the property -Any broker is authorized to encourage such bids for the property - ans -The broker has violated his agency relationship with the seller The words "procurring cause" would have an important meaning to which of the following: -A dispute over commission on an exclusive agency listing -A lawsuit against a licensee involving fraud