Unit 6 Quiz Attempt #3

Define brokerage engagements

What are two common brokerage engagements?

Define comparative market analysis

Important broker disclosures, dual agency is available by GA law if the the buyer-seller consent in _____

Broker compensation is defined as

What kind(s) of advertisement under the marketing agreement is the seller authorized to advertise and sell a property

Define property disclosure

Special stipulation document would include which of the following?

Which of the following is the document where the parties (seller and broker) may insert conditional terms in pursuant to the engagement not reprinted in the contract forms.

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

Which of the following will a buyer do to show the seller they are a serious buyer?

If the person representing the seller alerts the buyer that they would accept a lower price then the salesperson is:

What is the term for legal acts brought by the buyer or seller to enforce terms of the purchase contract?

Once an agent secured a listing, the broker/agent should:

In an open listing agreement, two firms claimed that they are entitled to the commission of a sale. Which broker should receive the commission?

If a seller lists a property with a new brokerage or firm after a listing agreement with a prior brokerage expires, the original listing agent:

What does the real estate brokerage become by executing an agency listing contract with a seller?

Should a salesperson want to purchase his/her own broker’s listing, what should the salesperson do?

What does the broker protection clause provide?

Identify the brokerage engagements

What does the broker protection clause provide?

What does the real estate brokerage become by executing an agency listing contract with a seller?

A seller decided that his house was no longer listed for sale a month after signing the listing agreement with a broker. Which of the following is true?

In order to show the seller they are serious, a buyer will do what?

What is the Do Not Call Implementation Act of 2003?