Brokerage fee - Study guides, Class notes & Summaries

pearson vue practice exam Questions and answers, 100% Accurate, 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 measu...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

In the State of Texas who is allowed to use a customized real estate contract? The real estate brokerage company The salesperson The broker Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. Offer and acceptance issue Competency issue Consideration iss...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Chartering & Brokerage Quiz 2 Questions and Answers 100% VerifiedChartering & Brokerage Quiz 2 Questions and Answers 100% VerifiedChartering & Brokerage Quiz 2 Questions and Answers 100% VerifiedChartering & Brokerage Quiz 2 Questions and Answers 100% Verified Types of Tons - ANSWER-Short= 2000 lbs Metric= 2204.6 lbs Long= 2240 Address Comission - ANSWER-is a fee paid by vessel owners to charterers. The charterer is the party who owns cargo -getting a discount on the freight Liner ...

RECA Unit 2: Questions (Sessions and Unit Exam) which of the following is not a responsibility of the broker providing an independent and objective analysis of a real estate transaction which of the following statements is not correct regarding the role of the industry professional real estate professionals should assume their role is understood by parties to the transaction which of the following statements is not a responsibility of a real estate brokerage paying a referral fee ...

GOLD COAST REAL ESTATE EXAM One type of a residential sales transaction involves the sale of any improved residential property of (________) units or less Four The term __________ is registered trademark of the National Association of Realtors and may be used only by members of the organization Realtor Most real estate licensees are involved in ______________ brokerage Residential An estimate of the value of property developed by a real estate licensee for use in listing or se...

COLORADO TEST CONTRACT EXAM REVIEW QUESTIONS AND ANSWERS. 100% ACCURATE. The Colorado Real Estate Commission requires subdivision registration for all of the following EXCEPT: A- residential time-shares. B- residential apartment-to-condominium conversions. C- bulk land sales between developers. D- properties subdivided into 20 or more residential lots. C - bulk land sales between developers. The Exclusive Right-to-Buy contract provides for payment of the brokerage firm's fee by optiona...

Real Estate Exam 2024 ILLINOIS-- Final Exam Practice Test with Complete SolutionsReal Estate Exam 2024 ILLINOIS-- Final Exam Practice Test with Complete SolutionsReal Estate Exam 2024 ILLINOIS-- Final Exam Practice Test with Complete SolutionsReal Estate Exam 2024 ILLINOIS-- Final Exam Practice Test with Complete Solutions The amount of commission to be paid to the listing brokerage office by the seller/client is determined by - ANSWER-mutual agreement of seller and brokerage firm There is n...

What are some examples of common expenses that a seller may incur in a typical real estate transaction? - Answer-- Home stager - Lender (i.e. a cost associated with discharging a mortgage early) - Surveyor - Lawyer - HST or capital gains tax - Moving expenses What tasks will a lawyer complete when working with a seller? - Answer-- Review the Agreement of Purchase and Sale - Note any deadlines to ensure the transaction proceeds as scheduled - Respond to any questions or concerns receive...