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11 Cards in this Set
- Front
- Back
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1. The content of the Agency Law Disclosure form is not dictated by statute. pg 54 |
F |
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2. An Agency Law Disclosure form needs to be presented to all parties by an agent when listing, selling, buying or leasing for a term greater than one year: pg 54 a. commercial property. b. mobilehomes. c. Both a and b. d. Neither a nor b. |
C |
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3. A separate agency confirmation provision is not mandated for inclusion in purchase agreement forms. pg 57 |
F |
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4. An open listing does not need to contain an expiration date. pg 72 |
T |
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5. A seller’s broker needs to disclose to the seller the broker fee they will receive on a net listing: pg 73 a. before the close of escrow. b. before the seller signs the listing agreement. c. before the seller accepts a buyer’s offer. d. None of the above. |
C |
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6. A broker is prohibited from including an advance fee provision in a guaranteed sale listing. pg 75 |
T |
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6. A broker is prohibited from including an advance fee provision in a guaranteed sale listing. pg 75 |
T |
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7. An exclusive right-to-sell listing agreement entitles a broker to collect a fee when they locate a ready, willing and able buyer and submit the buyer’s full listing offer to the seller. pg 80 |
T |
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8. A client’s oral promise to pay a broker fee entitles the broker to enforce collection of the fee. pg 81 |
F |
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9. The diligent effort of a broker under an exclusive listing includes: pg 92 a. analyzing the property. b. marketing the property. c. Both a and b. d. Neither a nor b. |
C |
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10. A right-to-buy listing supersedes a replacement property provision in an exclusive right-to-sell listing. pg 95 |
T |
