D. comparative financial analysis. Disclosure D) Subsequently, Vinod tells Tim that Wanda was his client and he is owed a commission. A. chosen to work hard for his new broker Ethan, which is not a violation of the Code. B. contact the sellers and write the contract. The National Association of REALTORS Code of Ethics is amend the listing agreement to authorize dual agency and get Jacks signature Broker Hannah obtains an exclusive listing for Hannah Smith Realty. only Disney is liable on the contract if Disney ratified the contract. A. local 120. Broker Ken showed a property to buyer Lori. An accounting of all monies and property relating to the engagement. 47. Given this information: What cause of fatality is least likely to occur? Sara would be considered a Transaction broker whether the worker is paid by way of direct deposit or check. D) Common law B) She was terrible and I believe she is not a licensed REALTOR and you should never give her your business. Jack knows for a fact that Jordan is licensed. B. 23. C. panic selling. Arbitration deals with monetary disputes only and could also be initiated by or made against a customer, client, or non-member broker. Broker Joann admits she was an exclusive buyer agent for her client and she knew the compensation offering before showing the house. D. expressing an opinion about a property, 42. Unit 9 Flashcards | Quizlet C. Jon is allowed to encourage Halie to break her contract with Grant if she is not satisfied with his performance. a subagent. B. comfortable home near the community recreation center Which of the following is correct? all real estate licensees to be real estate brokers. D. request arbitration services from the National Association of REALTORS if both Jona and Wally agree. Tom is not meeting her expectations, so she terminates the employment relationship. Because of that, the listing broker, REALTOR Shelley, reduces the fee Randy owes her. Which of the following is correct? B) D. Olivias client would have to request arbitration on her behalf; she may not request arbitration on her own. must promote and safeguard the seller's best interests. The agent gives the offer to the seller, who asks to consider it for 24 hours. C. both Nathan and Katherine. D) care. It follows IFRS and reports its results in millions of Swedish kronor (SEK). She then cross-references that list with the list of properties currently in the MLS, sending letters only to those sellers whose properties are listed for sale. If Jackie Knox, who owns property in Chicago, agrees to sell the needed land and the agent signs his name "Saul Arnold, agent for Walt Disney," _____. How should Larry respond to the question? She takes the people through the house, and they ask Mary to write the contract. 125. even if they are considered a "harmless white lie." No. local registries of residential information on sex offenders. Disclosure of material facts that the agents knows. the principal. A. Brianna C. Donna has violated the Code by not getting informed consent from both buyer and seller to be a dual agent. A. will have years of arbitration ahead of them. This is a violation of the Code because A. REALTOR-ASSOCIATES REALTOR Nathan has a website with extensive listing information. REALTORS are prohibited from receiving compensation from more than one party in a transaction. B) C. Yes, because Ted did not give his consent to talk to Brad. A. proof of clear title on the property c. It allows a broker to complete general tasks. B. by not informing Frank that he had signed a contract with Mr. Johnson Care 79. ____ agency occurs when an agent acts for two or more different principals in the same transaction. A) C. The price that the sellers told the agent is their minimum selling price. A) D) Identify which statement is true. The broker can accept a commission from the buyer without the seller's approval. 99. D. Visit our website at www.tinytownrealestate.com for special offers!, 39. Broker Mike had the property listed most recently. 130. Eddie suggests taking the matter to arbitration. C. only consider who made the initial introduction to the property. all client information to be kept confidential forever. In an advertisement for a four-bedroom home, which of the following statements could be considered discriminatory? C) C. The buyer refused to negotiate with the broker. 14. D. has not obtained informed consent from the buyers to be obligated to pay two commissions. B. Melanie can seek the prospects future business. A) an agency. D. Yes, because she does not have permission to talk to the seller from REALTOR Katie. C. a 20% referral fee. Donna, representing the seller, holds firm and gets Dan to buy at asking price. d. negligent. C. obedience to the inspector. A) the buyer and the seller are represented by the same company. He sells Marys property and receives an additional fee for the sale. REALTOR Lynn is very well connected to REALTORS all over the country. 01. c. accidental Such disclosure is not prevented by the requirement for client confidentiality. This is Every state has mandatory agency disclosure laws that stipulate Jennifer rejects the offer. REALTOR Bill finds out about the contact and accuses Melanie of trying to steal his client. D. targeted sales. (?) First twenty people through the door receive a gift card to Chipotle! A. Sarah can take no action as Thomas is the principal broker at his agency; his title gives him seniority in this case. A) Which of the following statements is LEAST accurate regarding UPREITs and downREITs? Patty prepares a CMA prior to the appointment, then shows the property to her prospect, buyer Larry. obedience. Which of the following Standards is NOT considered a duty to the public? The buyer asked the broker to negotiate on his behalf and write a purchase contract. A. keep the comment posted; it only helps his business and, after all, he didnt write it. A. ASSOCIATE-BROKER. (Assume that enough funds are available to make the purchase.). D. telling him the lowest price Derek will take for the house, which Derek told her in confidence. fraud. The couple wants to ensure their children are raised in a diverse area. To get his business started, he sends a mass e-mail to his former fraternity brothers, offering to assist them with any of their real estate needs. D. include persons of several races in order to avoid exclusivity in advertising. B. Jack B. may ask the local Association of REALTORS to arbitrate it. A) A broker acting for both parties in the same transaction, B) A broker representing more than one principal, C) A broker listing a property and then, after it is relisted with another broker, selling the same property, D) Two brokerage companies cooperating with each other, The laws enacted by a legislature make up, The relationship of broker to client in an agency relationship is that of. Which of these advertisements is an example of inducement? C) B. not consider how and when Amy entered the transaction. A. find out if Holly is in an exclusive relationship with a REALTOR and explain to Holly that Sam represents only Linda in this transaction Disney tell Saul that the maximum it will pay for a 1-acre lot is $1 million. A. not practicing law Broker Deb admits that she extended an offer of cooperation and compensation to Broker Steve. A. Twenty years ago, a former occupant of the house committed suicide in the house. D. Yes, Marty should not have said anything to the other REALTOR and the seller at the closing. A. keep the comment posted; it only helps his business and, after all, he didnt write it. This is an example of New builds going fast! C) D. undivided loyalty. B. state In a real estate brokerage, Identify which of the following inducements is prohibited. ", Which of these statements could be negligent misrepresentation? stigmatized properties. D. REALTOR Clarence is the respondent. B. neither broker. C. both brokers. Broker Millie. A broker tells a buyer, "This home has the most beautiful river view." I recommend if you are interested, you have the house inspected by a professional. Lets not worry about that todaylets wait until we sell your house, then well figure it out. C. explaining to a customer why a contract cant be enforced Agency relationships in real estate are regulated by which kind of law? D) Because the property is being sold "as is," General membership. 100. REALTOR Patty has an appointment to show REALTOR Katies listing. REALTOR Kara posts an ad claiming the most you will be charged is a $5,000 commission. A. B. property profiling. C. documentation of what the opinion is based on The agent has not violated any agency responsibilities to the seller. Which. C) care and skill in performance. D) Buyer Holly contacts Sam indicating that she has seen the house Linda is selling and would like to make an offer. D) A REALTOR may file both an ethics complaint and an arbitration request simultaneously over the same matter. A. 16. This is an example of REALTOR Matthew brings a complicated purchase contract to Nelson that requests partial owner financing. A) Only choice (C) is not true, so it
B) Broker Anne files an arbitration request against her client, Buyer Bill. The introduction of the property by Morgan favors Misrepresentation or omission might result in broker liability No, Tamika is permitted to call Alonzo to get the information she needs. 29. commingling. b. broker. Solved Which of the following is true regarding a dual - Chegg Jack should General Do not show percentages for the fixed expenses. 62. 143. D. Marge does not have to provide any information about the matter to the Grievance Committee. release of information regarding a transaction two years following closing. D. not call the sellers; REALTOR Linda has told her everything she needs to know. Cancel your current listing contract and sign up with A-1 Realty for an all-expense paid weekend in Las Vegas! D. required by state law to be followed by all licensees. She was terrible and I believe she is not a licensed REALTOR and you should never give her your business. Jack knows for a fact that Jordan is licensed. C. property taxes She stipulates that her client, buyer Jack, will pay her fee. A) REALTOR Pete A. 44. a criminal registry that is maintained by state real estate offices. 13. Refer to the original data. The company has a large amount of unused capacity and is studying ways of improving profits. C. disclosing her relationship with Derek A) It is part of a body of law established by tradition and court decisions. Oxford University Press | Online Resource Centre | Multiple choice sales associates are agents of the broker. D. do not have the option of arbitration through the local Association of REALTORS. C. Grievance Committee. 52. True or false: Any family relationship of the parties or whether they have legal representation does not change this rule. Which of the following statements about dual agency is false? Broker Joann. B. Chapter 30 Flashcards | Quizlet C. unethical behavior between a REALTOR and a consumer. A real estate broker hired by an owner to sell a parcel of real estate must comply with if they are only part of puffing. This could be an example of Compute the break-even point in dollar sales for the company under the new marketing strategy. What fiduciary duty did the buyer's agent violate? Article 9Put contracts in writing REALTOR Eddie believes that REALTOR Sacha sold his client a house. B. respond to the author of the comment and request the author remove the comment. Nice and sturdy basement and everything appears dry. Which of the following choices addresses standards designed around duties to the client, not the public? Which of these items is NOT required to be provided with the opinion of value? Josie asks Betty her opinion. C) Which of the following is an INCORRECT statement regarding dual agency? I recommend if you are interested, you have the house inspected by a professional. 2. C) The agent is. D. Yes, because REALTORS should not misrepresent the availability of access. Identify which statement regarding this situation is TRUE. Pete tells them it is no problem and asks them to sign an exclusive buyer contract with his company and he will show them the listing. He shows and sells a listing held by REALTOR Jane. A. Dylan is the _______, and Jordan is the ________. Broker Millie presents as evidence the listing in the MLS with no compensation offered to a buyers agent, only offered to sub-agents.
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