Broker Which of the Following Best Describes Property

- April 25, 2022

Tina is a real estate broker who has been asked to sell a property by a client. A property owner wants to put 240000 in the bank after selling a property and accounting for all expenses.

Real Estate Agent Job Description

I would like to invest on behalf of myself my family or my company.

. The subject property best describes. Which of the following best describes the adverse selection problem in health care. A broker owns a firm with two sponsored salespersons.

Which of the following best describes earnest money. She knows if she markets it aggressively she can get several thousand dollars more for the. The money put up by the buyer at the time the offer is made c.

Seeking both buyers and sellers. When a broker lists a property for sale the broker has the power to do which of the following. If this creates an ostensible agency it will be by.

Listing broker A negotiates the sale of Cs property with the cooperation of broker B. How much will each salesperson receive. A broker signs a contract with a buyer.

Disclosure of credit charges. Although the buyer may not sign an agreement with any other broker the buyer may look for and purchase a property without the brokers assistance. Tina has no ethical issues because the seller received more money in the transaction than the listing price.

Which of the following best describes regualtion Z. The broker obtained the original listing and brought in the potential buyer. The poor are exposed to medical disasters because they cannot afford to pay for insurance.

Advertise the sellers property d. Broker-dealer services in connection. The consideration for the sale of the property b.

Bind the seller to a higherthanlist contract b. A broker finds a buyer and sells the property for 280000. Which of the following statements best describes a transaction broker.

Investors can buy stakes in properties without the ridiculous double fees charged by traditional property investment firms and also exit via a new secondary market. The regulatory jurisdictions in with the Broker holds a real estate brokerage license. The property is exactly what she has wanted for herself.

A document that describes all the escrow activities. According to the law of agency real estate brokers are required to observe several duties as they act as an agent for an individual trying to buy or sell a property. The services of an attorney who routinely performs escrows as part of his or her practice.

A transaction broker may provide limited representation to both parties. If a real estate agent knowingly makes a substantial misrepresentation of the likely value of real property it is. Which of the following best describes the basis for ad valorem taxes.

The city and state in which the brokers main office or branch office is located 3. According to the agreement. After an audit the broker was charged with a violation of the Federal Fair Housing Act.

The property currently on the market B. A binding contract between the buyer and seller and the delivery of transfer documents to a third party. If a real estate licensee advertises his own property for sale.

The money to be used for paying for some of the closing costs. Offer legal advice to the seller. Tina has sacrificed a thousand dollars more than she needed to pay for the property.

Which of the following best describes you. The brokers agree to a 5050 split of the 10000 commission. Which of the following describes the equitable remedy when a contract is breached that allows a cout to order someone to perform as agreed instead of paying damages.

The people who are selected for jobs with health insurance. When there is a payback clause in the mortgage or trust deed document a non-judicial foreclosure can force the borrower to sell the property to the state. Which of the following statements best describes non-judicial foreclosure.

A real estate broker knowledgeable in escrow procedures to handle the escrow. The following best describes Tinas actions. Seeking buyers for others agents listings.

The commission to be paid to the broker d. A non-ad valorem assessment is a special assessment or service charge which is not based on the value of the property. The Brokers name or trade name as registered with the Commission 2.

3- A property manager can refuse to rent to applicant Mike. 2- Which of the following best describes prospecting. The broker agrees to help the buyer find a suitable property and to represent the buyer in negotiations with the seller.

The property surrounding the base. Broker Tom sold a. Healthier people are less likely to buy health insurance because they are less likely to need it.

Closing cost come to 10000 not including the broker commission. She knows the seller is unaware of the value of the property and is relying on her to make the best decision. Each broker has a salesperson who will receive 25 of their brokers commission.

Reject a muchlowerthanlist offer on the sellers property c. According to the law of agency real estate brokers. Which of the following statements BEST describes the brokers authority to act as an intermediary in the transaction.

A broker acting as a property manager may refuse to. Which of the following duties refers to a brokers obligation to be completely open and honest with the principal. Seeking buyers for your listings.

A an agency violation b an innocent mistake c unethical but not illegal d an accepted practice in the industry.

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