A cooperative broker - Study guides, Class notes & Summaries

Cram Final Exam Questions & Answers 2024 A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property himself. Which of the following should the seller avoid signing? A. An exclusive agency listing B. An exclusive right to sell listing C. An open listing D. All listings - ANSWER-B. An exclusive right to sell listing Mr. Smith listed his farm with broker bob. Although Smith did not tell h...

smart practice exam questions & answers 2023/2024 private land uses are normally dictated by: A » title insurance B » appraisers C » private deed covenants D » judges - ANSWER-C. Private deed covenant A judgment against a seller has been recorded on the public record. A buyer is interested in purchasing the seller's property but does not know about the judgment. The buyer is said to have: A » actual notice B » preventive notice C » corrective notice D » constructive noti...

Law of Agency - Champions School of Real Estate Latest Update Graded A+ The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents...

implied agency - legal finding that your behavior implied a legal relationship (intent) express agency - no ambiguity in behavior. explicitly define legal relationship real estate - = land + improvements (any addition to land, regardless of aesthetics) real property - = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - - anything associated with a property, including rights and improvements property rights - DEEPC: Disposition, Enjo...

pearson vue practice exam questions and answers In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - Answer- a. included in the listing agreement a lot measuring 110 feet wide by...

Barney Fletcher Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024 B. an exclusive right to sell listing - -A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings C. do not tell them even ...

A fiduciary relationship - answer- a relationship Where the agent acts on behalf of the client A cooperative broker - answer- sells the listing of another broker Unscrupulous license holders - answer- the texas real estate commission's main purpose is to protect the public from Agency - answer- an agency relationship exists when one person acts for or on behalf of another person. The licensee did not know of the falsity of the misrepresentation - answer- the amendments in 1996 to t...

A servitude that is granted to the land and passes with the estate is a: Predial servitude Personal servitude Prescriptive servitude Nominal servitude - Predial servitude A real estate license will not be issued until 90 days after the examination has been passed. - An application for licensing must be approved prior to an applicant taking the real estate licensing examination. Licensees receiving written offers in cooperative transactions must annotate the offer to indicate: The time a...

Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker a. included in the listing agreement a lot ...

A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did not tell him, Bob knew he had to sell due to poor health. What should...