Real Estate Salesperson License Exam:100& Verified Questions & Answers: Guaranteed A+ Score Solution
A broker has listed a seller's property. The seller travels extensively and would like the broker to have the authority to accept a full price offer if he receives one. The seller's layers prepare a limited power of attorney authorizing the broker to accept any offer for at least list price. Once the broker has the authority to accept a full price or better offer for the seller, what is his agency role with that seller? (Ans- He is a General Agent A signed employment agreement is necessary to? (Ans- Sue for a commission All of the following must be disclosed when listing a property except? (Ans- Death on the property due to natural causes When participating in interstate land sales a broker must provide a buyer with (Ans- A property report Which of the following death on a property should never be disclosed? (Ans- Death due to HIV/AidsWhat is the purpose of an Environmental Impact Statement? (Ans- To determine the effect of a proposed project on the community A Commercial property is sold for cash without inspections. After closing the buyer discovers environmental problems on the property. Who is liable for the cleanup? (Ans- The buyers, the seller, the broker, and all in the chain of title who contributed to the problems All of the following are hazardous substances that a licensee should be aware of except? (Ans- Acrylic Paint
Document information
- Uploaded on
- May 3, 2025
- Number of pages
- 28
- Written in
- 2024/2025
- Type
- Exam (elaborations)
- Contains
- Questions & answers
