c. legal puffing. https://quizlet.com/380378818/ethics-and-brokerage-flash-cards Since the inception of the Code of Ethics, REALTORS have been required to _______. d. provide employee benefits. b. the broker is a subagent rather than the agent of the seller. That he or she 0000013618 00000 n c. convince the seller to list with her and authorize dual agency. 309 96 If Broker A offers to cooperate with Broker B, ______. C) paid by the sales associate's employing broker. b.A licensed broker within the firm who has no prior confidential knowledge of the party that the BIC will represent. When leaving a firm, under what conditions can a REALTOR induce a client to cancel an exclusive agreement? The buyer offers $85,000, and the seller accepts it. A developer subdivides acreage and offers individual lots for sale. B) procuring cause. B) how often a business person can contact a customer. A broker who is the agent of the buyer should b. file a lien against the landowner's remaining lots Webif Broker is compensated by a seller or a real estate licensee who is working with a seller, such compensation does not compromise Brokers duties to Buyer. b. A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per front foot. Assume all purchases and sales were for cash. Code Comprehension: Article 16 Commissions Are Negotiable In this situation, A broker was told by his seller-principal not to advertise her property in the newspaper, which was just across the state line. B) paid by the sales associate, who is then reimbursed by the employing broker. 0000009300 00000 n \end{array} endobj a. decline to act as dual agent and refer the buyer to another firm. They tell A's salesperson that Firm B will charge 2% less commission for selling the house. On all sales; all written offers should be presented: On all sales; if the listing agent is aware of another possible offer arriving, the listing agent should; Bring the first offer to the seller as soon as possible. $3,217.50 a. c. a fiduciary. An example of a stigmatized property is a The listing firm appointing an agent to represent the seller We'll bring you back here when you are done. Discuss whether either of the following contracts will be unenforceable on the ground that voluntary consent is lacking: (a) Simmons finds a stone in his pasture that he believes to be quartz. c. inform any prospective buyers of the defect. And if your owner had two properties and you only managed one, another broker could provide property-management services for the home you dont have an exclusive agreement for. endobj A provisional broker and a broker licensee from firms that are cooperating in a transaction a. acceptable since they may promote an offer from the buyer. to prevent the client from committing a crime, or b. file a mortgage against the developer's remaining lots. WebCooperative broker A broker from another company that is participating as an active agent in a transaction for the listing broker. c. The imminent widening of the road in front of the property to four lanes
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