A licensee anxious to make a sale violates her duties toward her principal if she volunteers which of the following pieces of information to a prospective buyer?
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What is tenancy?
A couple leased a waterfront bungalow. The lease began on June 15, 2010, and continued through July 31, 2010. They had:
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Lovely Math Question #3: Split Commissions
A brokerage firm offers to split the commission equally with any cooperating brokerage or any buyer’s brokerage firm. A licensee who works for the buyer’s broker has an agreement with her broker that the licensee will receive 60% of the firm’s share of commission on any property the licensee sells. Assuming a 6% listing commission fee to the listing firm, how much will the selling licensee receive for the sale of a property that was listed for $220K and sold for $215K?
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Brokers and Lenders: What to tell your buyers
A managing broker requires his licensees to mention a particular lender to buyers. The broker has a financial interest in this particular mortgage lender. Which of the following should the licensee recommend to buyers?
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Purpose of a deed restriction
The most typical purpose of a deed restriction is to:
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When is an agency formed with a real estate firm?
The owner of an apartment building has just signed an agreement with a real estate firm. Has an agency been formed?
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