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Which Of The Following Is True Of A Listing Agreement

The list is the real estate agent`s employment contract by listing broker receiving a good faith offer and a personal check as a deposit. the potential buyer asked the stockbroker to keep the cheque unbleached until the end of the week. The broker must: the broker with the open list that procures the buyer has the full commission. Since the broker has the exclusive right to sell the list, a full commission is payable if the listed property is sold by someone for the duration of the list. Both of these events have occurred. Two full commissions are due. A) Under each, the broker earns a commission, regardless of who sells the property as long as it is sold during the list period. B) Under each, the seller avoids paying a commission to the real estate agent if the seller sells the property to someone the broker did not obtain. C) Each awarding a commission to each broker who procures a buyer for the seller`s property. D) Each grants the exclusive right to sell to any broker who produces a buyer for the seller`s property. Inform the seller – Broker listing fiduciary obligations requires full disclosure of the essential facts.

If the buyer orders the broker to keep the cheque unbleached until the offer is accepted, this essential fact must be communicated to the seller if the offer is made All the following reasons are valid for terminating a buyer representation agreement EXCEPTION A buyer has signed an agreement with a broker to compensate the broker, even if the buyer acquires the property from a relative. This is called Seller A who hired a broker under the terms of an open list agreement. While this agreement was still in effect, the seller – without informing the first broker – employed another broker from a separate company as part of a list of exclusive sales rights for the same property. When the first broker produces a buyer for the property whose seller accepts the offer, the seller must pay a full commission to most states that require a real estate listing contract to include a broker who sold a residence for $485,000 and received US$26,675 in commission under the terms of the listing agreement. What was the broker`s commission rate? D) Exclusive Agency Takeover Total Representation Contract. An exclusive buyer`s representation agreement obliges the buyer to compensate the broker if the buyer acquires a property of the type described in the contract, even if the buyer finds the property himself. Fair value is defined by the Internal Revenue Service as the price at which a property would change between a willing buyer and a willing seller… As a result, he bought a shelf company to which he delivered the property.

In the judgment, the court dismissed his company on the grounds that the company…