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B) Lori subsequently meets broker Amy, whose son plays ball with Loris son. REALTOR Smitty has an exclusive listing on seller Teds house. PRINCIPAL QUIZ 5: AGENCY RELATIONSHIPS Flashcards | Quizlet No, the fact that his daughter was the buyer is inconsequential to the transaction. D. no, because the user had the choice to click or not to click. Misrepresentation or omission might result in broker liability, In a dual agency situation, a broker may represent both the seller and the buyer in the same transaction if. At 6 p.m. the same day, the agent receives two more offers. c. accidental Linda refuses to answer Janes questions. 97. D. Loretta needs to say nothing about these businesses or services; it is obvious she owns them. No, the fact that his daughter was the buyer is inconsequential to the transaction. A) \end{array} C. REALTOR Clarence is the complainant. Buyer Bill acknowledges that he signed and understood an exclusive buyer agency contract with Broker Anne that provided that he would pay her a commission if he purchased a property within the time indicated by the contract, which he did. C. providing disclosure and obtaining consent from both parties. A licensed broker obtained an exclusive right-to-sell listing from an owner. A. Loretta may insist that all buyers and sellers use the auxiliary services provided by her company. C. Great location, four blocks away from the Park and Ride After the closing, Melanie visits the buyers in their home and asks if they have any questions or need any information about the community. B) D) common law. Nelson informs Matthew of the rejection, and Matthew believes Jennifer did not understand the details of the contract. 60. Thus, profits vary considerably from year to year according to general economic conditions. A) C) care and skill in performance. the sales associate is guilty of fraud only if the buyer purchases the house. D. Olivias client would have to request arbitration on her behalf; she may not request arbitration on her own. He should C. arbitrating disputes Accounting Cycle and Classifying Accounts, Adjusting Accounts for Financial Statements, Asset Demand and Supply under Uncertainty, Business Analytics & Technology Management Chapter 2, Business Analytics & Technology Management Chapter 3, Business Analytics & Technology Management Chapter 4, Business Analytics & Technology Management Chapter 5, Business Analytics & Technology Management Chapter 6, Capital Budgeting and Managerial Decisions, Derivative Instruments and Hedging Activities, External Financial Statements and Revenue Recognition, Financial Intermediaries and Financial Markets, Financial Markets and Securities Offerings, Financial Statements and Accounting Transactions, Integrated Marketing Communications and Direct Marketing, Interactive Marketing and Electronic Commerce, Interpersonal and Organizational Communication, Introduction to Human Resource Management, Introduction to Human Resources Assessment, Managerial Accounting Concepts and Principles, Market Segmentation Targeting and Positioning, Organization and Operation of Corporations, Organizational Markets and Buyer Behaviour, Profitability Analysis and Analytical Issues, Profitability Analysis and Decentralization, Reporting and Analyzing Long Lived Assets, Responsibility Accounting and Performance Measures, Understanding Interest Rates Determinants.