#384
Under an open listing and an exclusive agency listing agreement the seller can avoid having to pay the broker a commission if the seller sells to property to a buyer not presented to the seller by the broker.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. True
The open listing and the exclusive-agency listing agreement allow the seller to retain the right to sell the property without having to pay a commission to the broker if the seller sells the property to someone other than an interested buyer presented to the seller by the broker.
#383
A listing agreement stated that it will expire on June 18th, 2009.
If the owner dies on June 15th the owner's death will effectively terminate the listing agreement.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. True
If the owner dies the owner obviously can't fulfill the terms of the listing agreement.
There are a number of ways to terminate a listing agreement.
Here are a few :
1. If the agreement expires.
2. If title is transferred due to the laws of bankruptcy.
3. If the seller and the broker agree mutually to terminate the listing.
Can you think of other reasons ?
#382
When we consider the likenesses inherent in an exclusive-right-to-sell listing and an exclusive-agency listing the seller has the right to allow any agent to show the property.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
Under an exclusive-right-to-sell listing and an exclusive-agency listing these types of listing agreements allow the seller to be represented by only one broker and give that exclusive right to the broker.
#381
When a listing is taken by an agent and the brokerage the listing is generally considered to be one which is an employment agreement for services carried out between the seller and the multiple listing service of the local realtor board.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
When a listing is accepted by the brokerage it's an employment agreement between the seller and the broker.
#380
When a broker creates a relationship between himself / herself and the seller this type of relationship is known as implied agency ?
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
An implied agency is one where the parties will imply that they have consented to an agency relationship, hence the term implied agency.
The agency relationship between the broker and the seller is a special agency relationship.
A special agency has been created because the seller authorizes a broker to act in the seller's behalf in the transaction
 |
|
|
"Owning a home should never have to be a dream. The responsibility of every real estate agent is to make home ownership a reality." David Saks - Broker
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
