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

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

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

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- ...

WI Real Estate Sales Exam Marking Scheme New Update The listing broker is the seller's - Answer -agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - Answer -customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Answer -Single agency Multiple Representation may only occur if - Answer -there is full written consent and disclosure from all parties A broker shall provide...

National Real Estate Exam Prep with Verified Answers Graded A+ 1. Unilateral Contract Contract containing ONE promise given in ex- change for completing an act. NO obligation to act. 2. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract 3. Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

INDIANA Real Estate Exam Guide 2024. 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 no authority, receive ...

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 agency → Statutory law controlling the rights and duties of clients (princ...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

WASHINGTON STATE REAL ESTATE EXAM SET 1 | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED when does the real estate agent give the seller's a copy of their listing agreement form? Correct Answer: immediately what are the elements needed for a valid purchase and sales agreement? Correct Answer: consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as c...