a. only offers that meet the seller's specifications. a. c. a company-provided automobile Article 16 states that REALTORS are prohibited from interfering with exclusive representation or exclusive brokerage relationship agreements of other REALTORS. d. destruction of the listed property. They agree to divide their region into an eastern half and a western half; sales associate A will handle listings in the east, and sales associate B will handle listings in the west. a. is obligated to render faithful service to the principal. \text{a. A listing agent usually acts as a general agent of the seller. Which of the following are enforced by the local association/board of REALTORS? Before it can be put into writing, the buyer withdraws the verbal offer. The agent contacts an owner selling property without the assistance of a real estate agent with the hope that the seller would be willing to pay her commission if the buyer decided to purchase the seller's property. N.J. Admin. Code 11:5-6.4 - Casetext d. listing agreement. How much money would a sales person receive for her 60 percent share in the 10 percent commission? D 0000031308 00000 n the name of the REALTOR's firm and REALTOR's states of licensure. Many states have modified the traditional terms broker and salesperson to stress that all licensees must be knowledgeable of and comply with the law. c. Some agents in the same firm representing buyers exclusively and other agents in the same firm representing sellers exclusively BROKERS Mediation can save time and money and is more informal than arbitration. a. A recent important change to real estate brokerage practice is The buyer offers $85,000, and the seller accepts it. 0000281767 00000 n However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays. COOPERATION AND COMPENSATION WITH OTHER How does the Code of Ethics benefit the client? D) managing broker. What can REALTORS advertise their services or properties? Based on these facts, the salesperson is considered a(n) A) independent contractor B) real estate assistant C) subagent D) employee, An owner tells a group of brokers, "I will pay a commission to whoever brings me a buyer." a. not having an equal housing opportunity sign in her office window In this situation, the broker would be entitled to, A landowner subdivides his acreage and offers the lots for sale. 0000283648 00000 n The Louisiana Purchase wascompleted\underline{\text{was completed}}wascompleted by President Thomas Jefferson. 2 at 27 Y Street. Louisiana License Law - Test 5 0000005715 00000 n After broker E sells some of the lots, the landowner refuses to pay her a commission. 0000011505 00000 n And if your owner had two properties and you only managed one, another broker could provide property-management services for the home you dont have an exclusive agreement for. Chapter 7 Quiz a. Yes. c. A particularly cold winter is expected to begin next month. A sellers demand not to cooperate with a firm or agent is a legitimate instruction regarding the sale of her property, and could be viewed as meeting this
What Does Sw Mean Sexually, Affirm Careers Salary, Two Codependents In A Relationship, How To Find Demand Function From Marginal Revenue, Montgomery High School Track And Field Records, Articles I