Sue the broker Study guides, Class notes & Summaries

This person hires an agent - The Principal The agent works on behalf of this person - the client (principal) This type of agency allows for the greatest range of authority - Universal This is provided to the agent when there is written documentation that the agency relationship exists. - Express authority This is the most limited of all the agency relationships - Special agency This type of agency is created when a 3rd party believes that an agent has authority that has NOT been g...

Champions Real Estate Exam: Law of Agency Latest Update 100% Pass This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd p...

Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Scored 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 ...

This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd party believes that an agent has authority that has NOT been granted by a princi...

Okay, because the buyer and seller have agreed to it correct answers A purchase and sales agreement stipulates that the earnest money deposit is placed in a separate interest-bearing Trust account, with any interest earned to be split between the buyer and seller. This is: Tell the cooperating broker that the check bounced correct answers If a client's earnest money check, upon being deposited in the broker's trust account, is returned for insufficient funds, the broker should: Turn it o...

West Virginia Real Estate Specific Exam Questions and Answers Already Passed Broker is ordering the sign for her new firm. Which is NOT a sign requirement? Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Brok...

REAL ESTATE MISSISSIPPI QUESTIONS AND ANSWERS 100% PASS How much time is given to pass the Mississippi salesperson exam? (Total includes State and National portion) 4 hours or 240 minutes How many continuing education hours are required? (Every renewal cycle) 16 hours In order to obtain a Mississippi Real Estate License must have a high school diploma? True How often must you renew your sales agent license? ( A renewal notice will be sent out about 90 days before your expiration...

According to the rules what constitutes good moral character - Answer-(1) Whether the probation period given in a conviction has been completed and fully satisfied to include fines, court costs, etc. (2) Whether the restitution ordered by a court in a criminal conviction or civil judgement has been fully satisfied. (3) Whether a bankruptcy that is real estate related has been discharged. (4) Whether an applicant has been denied licensure or a license has been suspended or revoked by this o...

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 ...

| latest update 2024/25|COLORADO REAL ESTATE STATE EXAM PART 1: EXAM REVIEW QUESTIONS AND ANSWERS, WITH RATIONALE/ GRADED A+/ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? a.The seller and listing broker evenly split the funds b.The mediator decides who receives the funds c.The seller gets the funds d.The buyer receives the funds back - -c.The seller gets the funds Buyer is in default If a broker moves his place of ...