A) In real estate transactions, agency is often formed without the signature of the client, so it is up to the real estate professional to keep track of your disclosure. 131. environmental hazards. disclosure of material facts that the agent knows. C. remove the comment immediately. C. draw up the paperwork on Hollys offer. It is Marys listing and she has the key; the sellers are not home but told her to show it anytime. REALTOR Jim violated the code D. Professional Standards Committee. B. A) A. accounting for any deposit monies she receives from him, which are put into a separate account C. state law requires it. "The simple design is uncluttered and offers many possibilities for decorating.". B) A The statement is TRUE. required to disclose the information because it is a material fact important to the seller. REALTOR Brian has filed an ethics complaint against REALTOR Clarence. It is Marys listing and she has the key; the sellers are not home, but told her to show it anytime. A) There are four elements of a cause of action for fraud: (1) the licensee made a misstatement or failed to disclose a material fact; (2) the licensee either knew or should have known that the statement was not accurate or that the undisclosed information should have been disclosed; (3) the buyer relied on the misstatement; and (4) the buyer was Required to disclose the information because it is a material fact important to the seller. B. a monetary dispute between two REALTORS. 127. A. will have years of arbitration ahead of them. Identify which statement regarding mediation is TRUE. A) the buyer and the seller are represented by the same company. A) required to disclose the information because it is a material fact important to the seller. Any broker is authorized to encourage such bids for the property. A. a 20% referral fee. Unit 6 Test Flashcards | Chegg.com Which is TRUE? D) inform any prospective buyers of the defect. You are simply a bottom feeder! Identify which statement is true. any relevant state laws. Zaafir only, because he is an independent contractor. D. ratifying the findings of the Professional Standards Hearing Panel and hearing appeals from either party. A licensee must be a REALTOR to sell real estate in most states. The local association of REALTORS must offer mediation to both parties before an arbitration hearing is held. C) not required to disclose the information because the agent has no agency relationship with seller. New equipment has come onto the market that would allow Morton Company to automate a portion of its operations. Under the _____ test, if the agent's motivation for committing an intentional tort is to promote the _____ business, the principal is liable for any injury caused by the tort. A. Study with Quizlet and memorize flashcards containing terms like Which is TRUE about listings? REALTOR Bill is representing sellers Sue and Sam, who are divorcing. casual statement - a licensee might unwittingly become a consumer's agent. 65. D. request arbitration services from the National Association of REALTORS if both Jona and Wally agree. C. remove the comment immediately. B) D) required to disclose the information under the Fair Credit Registry Act. C. avoid the subject of the back door and if it comes up, lie Being primarily responsible to the customer.
Cold Desert Animals And Plants,
Wolverhampton Private Hire Grant,
Articles W
