Exam (elaborations)

National Pearson VUE Real Estate Exam Prep, Questions and answers, 100% Accurate, rated A+

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Pearson VUE

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Pearson VUE

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Uploaded on February 21, 2023
Number of pages 4
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

questions and answers
national pearson vue real estate exam prep
100 accurate
rated a a broker lists a property and begins marketing it the seller sells the property to a neighbor and upon clo

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National Pearson VUE Real Estate Exam
Prep, Questions and answers, 100%
Accurate, rated A+

A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon
closing pays the broker a full commission. What type of listing agreement did the brokerage firm have
with the seller?

A) Exclusive agency

B) Exclusive agency with a "seller may not sell" contingency

C) Open

D) Exclusive right to sell - ✔✔-Exclusive right to sell

Only in an exclusive right-to-sell listing will the broker still get paid even if someone else sells the
property.

The document used to establish the duties of both the property manager and the property owner is
known as a - ✔✔-management contract.

This document establishes the obligations of the property manager to manage the property. An
exclusive right-to-lease contract gives a brokerage firm the right to lease the property, a lease
agreement is what is signed between the tenant and property manager.

A radioactive material that is often found in homes and is known to cause lung cancer is - ✔✔-radon.

Radon, which is released from the ground, can settle into basements and crawl spaces.

An example of a physical characteristic is - ✔✔-immobile

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Exam (elaborations)

National Pearson VUE Real Estate Exam Prep, Questions and answers, 100% Accurate, rated A+

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