Contract Forms for Real Estate Quiz

What refers to any document real estate contract in GA in which a seller, buyer, landlord and tenant promises to compensate a broker in exchange for the broker’s services?

Which one is a common brokerage engagements?

What tool displays relevant market data allowing real estate agents to compare similar properties in the same neighborhood for the general purpose of estimating fair market value for a property?

Important broker disclosures, dual agency is available by GA law if the the buyer-seller consent in what form of agreement?

What document reports the amount the seller agrees to pay the broker in commission of the sales price of the property?

True or false. Under the Broker Compensation document, is the broker allowed to contact other brokers to help him/her locate prospective buyers and share the commission that will be paid to the individual by the seller?

Under the marketing agreement the seller is authorized to advertise and sell the property using what kind(s) of advertisement?

What document is presented stating that the seller acknowledges that the information provided to the broker about the property, including adverse effects to the best of their knowledge is true and correct, not misleading?

Special Stipulation document where the seller and broker inserts conditional terms in pursuant to the engagement not reprinted in the contract forms includes

True or false. Under the Statute of Fraud, Georgia Law requires that any contract or interest be in writing and signed by the person against whom the contract is enforced or by the party representing that person.

The statute of fraud, written agreement must include which of the following.

What is NOT the function of license required by Georgia?

Which kinds of language is prohibited for leases for residential dwelling by GA laws on protection of tenants?

When one person dies and another person inherits the property in joint tenancy, what is this called?