A listing agreement in w - Study guides, Class notes & Summaries

Indiana Real Estate Exam Questions and Answers 100% Pass The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer- Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer- Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer- compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer- ...

The listing broker is the seller's - agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Single agency Multiple Representation may only occur if - there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - no later than the time of agency agreement Ag...

Oregon Real Estate exam Review Questions and answers, Graded A+/ verified. Constructive eviction - -Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - -Mutual agreement to terminate lease The residential landlord and tenant act - -Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agenc...

- Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) - Set up listing files, complete marketing sheets, submit listings & changes to the MLS - Witness a seller or buyer signature - Schedule appts for a broker / salesperson - Draft offers based on directions of a broker / salesperson - Provide listing info to consumers (i.e. a flyer) - Prepare promo material or place "For Sale" or "Sold" sign on property - Install lockbox...

The listing broker is the seller's CORRECT ANSWER agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's CORRECT ANSWER customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? CORRECT ANSWER Single agency Multiple Representation may only occur if CORRECT ANSWER there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a...

4 land districts o :## Urban o Rural o Agricultural o Conservation What is UCC? o :## Uniform Commercial Code- it's a legal form a creditor files to give notice that it may have interest in personal property of debtor. Gives public notice of right to take possession of and sell property for repayment. Can also be security or financing agreement, bulk sales, business opp or direct taxation. Tenancy in entirety is same as? o :## Reciprocal beneficiaries Land trust o :## People us...

National Real Estate Exam Prep Answered 100% Correctly 2024 National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd p...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer-Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - AnswerSalesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer-compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer-no authority, receive compensation A brokers commission is speci...

The listing broker is the seller's - agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Single agency Multiple Representation may only occur if - there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - no later than the time of agency agreement Ag...

Arkansas Real Estate Law Mid-Term Questions and Answers 100% Pass In a timely manner - Correct Answer ️️ -A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact - Correct Answer ️️ -A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No,...