No brokerage relationship - Study guides, Class notes & Summaries

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 ...

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...

Real Estate Sales and Marketing Mastery Exam || Questions & 100% Accurate Solutions Real Estate Sales and Marketing Mastery Exam || Questions & 100% Accurate Solutions 1. A licensed sales associate may operate a. for any registered broker. b. for the broker registered as the sales associate's employer. c. independently if registered with the DBPR. d. as a broker associate. - ANSWER - b. for the broker registered as the sales associate's employer. 1. A person is eligible to seek ...

Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Al...

Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professi...

SC REAL ESTATE REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ The ___ establishes an agency relationship between the prop owner as principal and the brokerage as agent - -listing agreement the LA does which of the following - -creates an agency relationship between the listing brokerage and the property owner a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to compensate only 1 brokerage who produces a buyer, and reserves the right to sell by himself and...

No brokerage relationship correct answers When a customer chooses not to be represented by a Real Estate Broker. This relationship owes only three duties. 1) Dealing honestly and fairly. 2) Disclose all known facts that materially affect the value of the real property. 3) Account for all funds. license renewal correct answers DBPR will send a renewal notice to last known address of the licensee at least 90 days before the license expires. The initial license will become void if not renew...

A brokerage representing only a seller would consider a buyer as a _________ or a customer? - Third Party A buyer completes the purchase of a property, but shortly after taking possession discovers there is a latent defect to the land or improvements. Is the brokerage liable? - No. The brokerage should be indemnified as the buyer was required to make their own enquiries to confirm the condition of the property. This is an example of 'Duty of Indemnification'. Note: If the agent acts unla...

RECA Residential Exam Questions and Answers Rated A+ Fiduciary Representation - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship made to clarif...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...