Texas Principles of Real Estate 1: Chapter 12 Questions with Answers

Texas Principles of Real Estate 1: Chapter 12
Quiz
All of the above - ✔✔Which of the following is a type of contract used between brokers and sellers...?



-Exclusive Right to Sell Agreement

-Open Listing

-Exclusive Agency Agreement

-All of the above



All of the above - ✔✔Which of the following is an example of an addendum found in a listing contract...?



-Seller Disclosure Notice

-Lead Based Paint Disclosure

-Request for Information from an Owner's Association

-All of the above



Client - ✔✔A listing contract exists between the real estate broker and the...?



Exclusive Right to Sell Agreement - ✔✔This type of contract gives the broker the greatest chance at
receiving a commission...?



Find a ready, willing, and able buyer - ✔✔A broker is entitled to a commission after they...?



Negotiable - ✔✔A broker's compensation is...?



Net Listing - ✔✔This type of listing provides that the agent may retain as compensation for the agent's
services all sums received over and above a net price to the owner...?



Net Listing - ✔✔Which of the following listing contracts is discouraged throughout the State of Texas...?