The salesperson must pay his or her board dues. A salesperson works for a broker. The salesperson may: Work for the broker as an independent contractor. Place an advertisement without identifying the broker. Receive a commission directly from a seller. Receive a commission directly from another broker. A broker has listed a home. The broker generally will earn her commission when: She submits an offer to purchase to the seller. The seller indicates that he thinks an offer to purchase is acceptable. She finds a buyer ready, willing, and able to buy on the terms of the listing. The closing takes place. An Hispanic buyer has asked a broker to show her homes in a white neighborhood. The response to the buyer should be: broker’s you would be happier in a neighborhood with people of “I think similar background.” think you would be comfortable with the people in that “I don’t neighborhood because they do not welcome outsiders.” be happy to show you homes in that neighborhood but I think “I’ll you could do better than that.” be happy to show you homes in that neighborhood or any other “I’ll neighborhood.” During a listing presentation, the seller tells the broker that she will not sell to Hispanics. Should the broker follow the instructions? seller’s Yes. The owner has a right to choose prospective buyers. Yes. The broker is the agent and must honor his fiduciary seller’s responsibility. No. The broker might lose any commission by limiting potential buyers. No. The broker should not accept the listing. You are preparing a Competitive Market Analysis (CMA) on a three-bedroom house with one bathroom on the first floor and all of the bedrooms on the second floor. The appraisal term that BEST identifies how this affects the list price is: Physical deterioration. Deferred maintenance. Functional obsolescence. Economic obsolescence. Which of the following is NOT an example of real property? A strawberry bush, which she calls neighbor’s “Fructus naturales”. Percolating water. Unexcavated clay. The clay bricks that you will use to build your patio wall.
The salesperson must pay his or her board dues. A salesperson works for a broker. The salesperson may: Work for the broker as an independent contractor. Place an advertisement without identifying the broker. Receive a commission directly from a seller. Receive a commission directly from another broker. A broker has listed a home. The broker generally will earn her commission when: She submits an offer to purchase to the seller. The seller indicates that he thinks an offer to purchase is acceptable. She finds a buyer ready, willing, and able to buy on the terms of the listing. The closing takes place. An Hispanic buyer has asked a broker to show her homes in a white neighborhood. The broker’s response to the buyer should be: “I think you would be happier in a neighborhood with people of similar background.” “I don’t think you would be comfortable with the people in that neighborhood because they do not welcome outsiders.” “I’ll be happy to show you homes in that neighborhood but I think you could do better than that.” “I’ll be happy to show you homes in that neighborhood or any other neighborhood.” During a listing presentation, the seller tells the broker that she will not sell to Hispanics. Should the broker follow the seller’s instructions? Yes. The owner has a right to choose prospective buyers. Yes. The broker is the seller’s agent and must honor his fiduciary responsibility. No. The broker might lose any commission by limiting potential buyers. No. The broker should not accept the listing. You are preparing a Competitive Market Analysis (CMA) on a three-bedroom house with one bathroom on the first floor and all of the bedrooms on the second floor. The appraisal term that BEST identifies how this affects the list price is: Physical deterioration. Deferred maintenance. Functional obsolescence. Economic obsolescence. Which of the following is NOT an example of real property? A neighbor’s strawberry bush, which she calls “Fructus naturales”. Percolating water. Unexcavated clay. The clay bricks that you will use to build your patio wall.