1) The contract between a residential real estate owner and a broker who authorized the broker to sell or lease the residential property is referred to as one of the following persons? 8) Gladys sells another broker for $US 300,000 for $290,000 at a commission rate of 6%. She has a fraction of a 60% commission with her broker. If there is a 50% brokerage split, what gladys commission does it receive? a) The owner of the property. b) Any broker involved in the transaction. c) the seller`s investment agent. d) The buyer of the property. 11) In the 1970s, several boards of directors and associations of real estate companies were sued under the federal law on agreements and price agreements by questioning among the following points? a) Based on performance. b) Conviction of ownership c) By terminating the relationship by mutual agreement. d) When the agency contract expires.
the services provided by REALTORS ® their clients and clients must meet the standards of practice and competence that are reasonably expected in the specific real estate disciplines in which they operate; in particular residential real estate intermediation, real estate management, real estate intermediation, real estate intermediation, real estate valuation, real estate consulting, real estate syndication, real estate auctions and international real estate. REALTORS® as a single representative or broker of sellers/donors, set the conditions for cooperation offers. Unless explicitly stated in the cooperation offers, brokers who have cooperated should not consider that the offer of cooperation includes an offer of compensation. The conditions of remuneration are determined, if any, by the brokers who cooperated before trying to accept the offer of cooperation. (Modified 1/99) REALTORS® cannot refuse to cooperate on the basis of a broker`s race, skin colour, religion, gender, disability, family status, national origin, sexual orientation or gender identity. (1/20) 11) Should legislation on cartels and abuse of dominance take one of the following measures? (a) exclusive representation right b) designated agent c) undisclosed duale agency (d) sub-point 8) With respect to co-operative sales compensation, the____________ broker is the person who makes the fractions of commissions for the transaction. It is a requirement for sub-agents to immediately disclose to the client`s representative all relevant facts before and after the execution of a sales or lease agreement. (Modified 1/93) 10) When the agency`s relationship has been terminated, will the licensee no longer be considered principal_s representative and exempt the client from obligations other than the following? The California buyer-buyer broker agreement requires buyers and brokers to start mediation when there is a problem with commissions. All other issues can be resolved in court. The buyer and broker may also agree to resolve all other disputes through arbitration and not the courts. Since the agreement is a legal contract if one of the parties does not comply with the terms, the other party has the right to request the legal application of the contract, unless it has agreed to the arbitration. The obligation to cooperate under Article 3 relates to the obligation to exchange information on publicly traded real estate and to make the property available to other brokers in order to show it to potential buyers/tenants if it is in the interest of sellers/donors.
(Suppose 1/11) With regard to cooperation transactions, REALTORS® REALTORS® (main broker) cooperates and does not directly or indirectly offer to any of the sales licensees employed by other REALTORS or linked to other REALTORS® without the knowledge and express consent of the cooperating broker.
