Broker Which of the Following Best Describes Property

Broker-dealer services in connection. If a real estate licensee advertises his own property for sale.

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Which of the following statements BEST describes the brokers authority to act as an intermediary in the transaction.

. If this creates an ostensible agency it will be by. Which of the following choices is the brokers best course of action. Almost all real estate contracts are expressed and put into writing to be enforceable.

Which of the following best describes an appropriate combination for the lockbox. The property currently on the market B. I would like to invest on behalf of myself my family or my company.

The regulatory jurisdictions in with the Broker holds a real estate brokerage license. A broker lists a property with a listing contract allowing subagency and dual agency. A broker signs a contract with a buyer.

The broker subsequently learns that the property is in foreclosure. A broker signs a contract with a buyer. A an agency violation b an innocent mistake c unethical but not illegal d an accepted practice in the industry.

A broker-in-charge assisting a buyer client in the purchase of property that was listed by a provisional broker of another firm B. The property surrounding the base. This is BEST described as.

Which of the following best describes the basis for ad valorem taxes. Broker Tom sold a. According to the law of agency real estate brokers.

The city and state in which the brokers main office or branch office is located 3. A non-ad valorem assessment is a special assessment or service charge which is not based on the value of the property. The parties created a contract by stating terms for compliance.

The sellers have given permission for the broker to place a lockbox on the property. Which of the following best describes a Class D office building. A provisional broker and a broker licensee from firms that are cooperating in a transaction.

Which of the following BEST describes this relationship. The money to be used for paying for some of the closing costs. A broker owns a firm with two sponsored salespersons.

The consideration for the sale of the property b. The salesperson would be classified as. 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.

After an audit the broker was charged with a violation of the Federal Fair Housing Act. One of the brokers salespersons shows the property. He has decided that he no longer wants to purchase the property.

The process wherethe government takes private property for public use best describes. The Brokers name or trade name as registered with the Commission 2. The broker agrees to help the buyer find a suitable property and to represent the buyer in negotiations with the seller.

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. Although the buyer may not sign an agreement with any other broker the buyer may look for an purchase a property without the brokers assistance. Another term for the owner of a property listed with your firm is the.

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 commission to be paid to the broker d. A licensed North Carolina Real Estate Broker may do which of the following without violating.

A broker has a listing on a house that is vacant. Sell the property before the foreclosure is completed B. The buyer has had the property evaluated by an investment advisor and an inspector.

Which of the following best describes earnest money. Which of the following duties refers to a brokers obligation to be completely open and honest with the principal. The building is old in a poor location and is poorly maintained.

The broker obtained the original listing and brought in the potential buyer. The purchase price or the date of loan approval are examples. Which of the following best describes you.

Which of the following best describes his options at this point. Which of the following statements best describes a transaction broker. Agency coupled with an interest.

He is still within the Due Diligence Clause time period. 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. A broker executes a listing agreement with her client.

The broker calls the lot owner and asks if he would he be willing to sell his vacant property if the broker were to generate an acceptable offer. Under the contract the broker agrees to help the buyer find a sutiable property and to represent the buyer in negotiations with the seller. A broker acting as a property manager may refuse to.

If a real estate agent knowingly makes a substantial misrepresentation of the likely value of real property it is. A broker lists a property decides to buy it for herself then collects the agreed-upon commission. Advise all prospective buyers of the pending foreclosure C.

A transaction broker may provide limited representation to both parties. The money put up by the buyer at the time the offer is made c. The subject property best describes.

An expressed contract is a contract either oral or written which contains specific terms and conditions. The property managers first responsibility is to Realize the maximum profit on the property.

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