Listing Agreements Quiz Attempt #2

Listing Agreements Quiz Attempt #2

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*Listing Agreements Quiz #3*
Congrats!! You may now proceed to the next Unit!

*Termination of Listing*

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Question 1 of 6

1. Question
A broker tells a seller that he will buy the property himself if it does not sell within 60 days. Which statement is TRUE?
- This type of inducement is illegal in Georgia.
- The broker must arrange for another licensee to manage the sales transaction between the parties.
- Licensees should never buy properties they have listed.
- The plan is legal if the promise to purchase is put into writing in a sales agreement that will accompany the listing.
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Question 2 of 6

2. Question
To transfer one’s interest is:
- allowing a broker to replace the role of the agents
- assigning a contract for the sale of a property by a broker
- allowing an agent to represent a buyer
- establishing a role for the agent to act on behalf of a principal only
- none of the above
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Question 3 of 6

3. Question
If a seller complain about the commission rate being too high, the agent could say:
- The real estate commission recommends we use this rate.
- This is the market rate in our area.
- My brokerage uses a set rate for real estate commissions.
- This is the rate that the board of Realtors requires.
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Question 4 of 6

4. Question
Once a listing has been secured, the agent should:
- Provide the client with a copy of the listing agreement
- Begin to market the property
- Upload the listing on the MLS
- Find other realtors with clients interested in the property
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Question 5 of 6

5. Question
Who is entitled to the commission of a sale in an open listing?
- the broker who procured the final sale
- the broker who was hired first
- the broker who advertised the property the most
- the broker who listed the property
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Question 6 of 6

6. Question
What does it mean to transfer one’s interest?
- To allow a broker to replace the role of the agents
- To allow an agent to represent a buyer
- To assign a contract for the sale of a property by a broker
- Establish a role for the agent to act on behalf of a principal only
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