Re brokerage Study guides, Class notes & Summaries

What 4 things must be specified on both representation and customer service agreements? - Answer-- The effective date and expiry date of the agreement (can only be one expiry date) - The method for calculating commission or other remuneration payable to the brokerage (in the case of a seller, the amount payable) - How the commission or other remuneration will be paid - The services that the brokerage will provide under the agreement If the term of a representation or customer service agree...

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 ...

Gold Coast RE 1001 Cram, Practice Math and Final Exam Questions And Answers 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Non Representation b. Single agency c. Dual agency d. Transaction brokerage - ANS D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Florida Real Estate Final Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Tom intends to make application to become a Fla real estate sales associate. He must have a Social Security number, a high school diploma, be over 18, and be competent to negotiate. What is not required? Answer: To be a US Citizen Q: Mary has a 4 year degree in real estate. Mary must still attend the pre-licensing course and post-licensing education. What class...

SC Real Estate Review 2024 Questions and Answers 100% Pass The ___ establishes an agency relationship between the prop owner as principal and the brokerage as agent - Correct Answer ️️ -listing agreement the LA does which of the following - Correct Answer ️️ -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 reserve...

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - Selling, buying, exchanging, or leasing any real estate or collecting rent - Assisting to locate/obtain for purchase/lease any residential real estate - Serving as a consultant...

Oklahoma Real Estate Final Questions and Answers Rated A+ Cost Approach is most often used for recently built properties where the actual costs of development and construction are known. It is also used for special purpose buildings which cannot be valued by the other methods because of lack of comparable sales or income data. Income Capitalization Approach Used when valuing income producing property, value is determined by Net Operating Income Approach to valuation or appraisal a...

What does REBBA stand for? : Real Estate and Business Brokers Act Whose role is it to enforce REBBA? : RECO Purpose of REBBA? : provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure the integrity of real estate transactions is upheld. What Ontario government body is responsible for REBBA? : The Ministry of Government and Consumer Services is 'responsible' for REBBA, but it's RECO's role to interpret, enforce and suggest cha...

hat is a 'Holdover Provision'? - Answer A provision stating the brokerage is entitled to commission if a buyer is introduced to, or shown, the property during the listing period and purchases the property during an identified time period following the expiration of the listing. Also known as the 'Holdover Period'. What happens if a listing expires, but during the 'Holdover Period' the seller re-lists with another brokerage, and then a buyer who previously saw the property (before it f...

Principles of Real Estate 1 Exam With 100% Correct Answers Texas Real Estate Agent - answerA person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? - answerNo. There are two types of licenses: - answerbroker's and salesperson's license What is the most popular division of the real estate market? - answerResidential real estate because there are more transactions in r...