Sellers subagent - Study guides, Class notes & Summaries

Colorado Real Estate Exam Prep State Portion Section 5, Forms and Contracts 100% Correct The Supreme Court decision in the Conway-Bogue case relating to the practice of law by real estate brokers and employed licensees stated: - Correct Answer ️️ -Colorado licensees completing standard form are practicing law and have a limited permission to do so. The purpose of Commission Rule F relating to approved forms is to: - Correct Answer ️️ -help insure the brokers compliance with the Co...

Post Licensing Class 2 Broker Relationships and Responsibilities Exam Questions And Answers 100% Verified Dual Agency (red) - answerBecause the firmrepresents both the seller and the buyer, the firm becomes a "dual agent." -both clients with the same firm -firm acts more as a "facilitator"(tell me what to write) -Cannot give one side an advantage over the other. Beware of Undisclosed Unitentional Dual Agency (red) - answerIt is prohibited by both case law and NCREL both of which req...

PSI PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Real property can be converted to personal property by - -severance Federal Truth-in-Lending laws are also known as - -Regulation Z A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before December 31st. This is called: - -an option contract woman owns a tract of land that also is a servient tenement. The easement over, through, or under th...

Post licensing 301 NC study questions with 100% Verified Answers Post licensing 301 NC study questions with 100% Verified Answers What triggers TILA, Reg Z or Respa - Answer any # figure like $4000 down or 4.5 APR When first substantial contact has occurred, how long do you have to get WWREA signed? - Answer 3 days When is the last time to sign WWREA with a seller at a listing appointment? - Answer Before the listing presentation begins and before first substantial...

Post Licensing Class 2 Broker Relationships and Responsibilities Exam Questions And Answers 100% Verified Dual Agency (red) - answerBecause the firmrepresents both the seller and the buyer, the firm becomes a "dual agent." -both clients with the same firm -firm acts more as a "facilitator"(tell me what to write) -Cannot give one side an advantage over the other. Beware of Undisclosed Unitentional Dual Agency (red) - answerIt is prohibited by both case law and NCREL both of which req...

nts representing principals with adverse interest to obtain the "informed consent" ofboth principals. Problem with unintended dual agency typically arises where agents acting as sellers' subagents create by their conduct an implied agency relationship with buyers and acts in the buyers' interest, to the detriment of sellers. Common law of agency - answerbody of law that governs the relationship between client and agent. -any violation of the laws of agency are a violation of NCREL. F...

Law of Agency Final Exam Review 2023, Complete Solution Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits is: A. Increasing B. Decreasing C. Stabilizing over the last several years D. Broker lawsuits are not allowed. A. Increasing The correct answer is A. A broker is more likely to be sued because he failed to make it clear to all parties who he represented as a client. The broker working with a buyer customer and representing the seller throug...

New York Real Estate Exam Prep Questions and Answers 100% Pass The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker - ANSWER--Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low offer because the seller is desperate to sell. The buyer offers $85,000 and the seller accepts it. In this situations: -The broker has vio...

Maine Real Estate Study In Maine, an agency relationship begins when the - correct answer Buyer or seller and agency sign an agreement establishing the agency relationship. Where a licensee has an agency relationship with a client, his/her most important duties are owed to: - correct answer The client. Which of the following statements is true? For an agent to become an appointed agent in Maine: - correct answer -The agency must have adopted the appointed agent concept. -The client must...

Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:05 / 0:15 Full screen Depreciation is calculated based on the Cost of the building only. When a property owner uses his home...