c. familial status. d. government owned or managed housing. b. He has previously written for Den of Geek US, TechnoLawyer, and Hustler. All of the following are examples of fiduciary relationships EXCEPT, 9. c. 10%. How to Set List Price for Your Home Sale: 5 Crucial Factors A sliding scale of commissions serves the purpose of Seller disclosure is a tricky maze to navigate. Federal National Mortgage Association (FNMA). Market Analysis figure. Examples of personal advertising of a salesperson would be Disclosing multiple offers does come with its own inherent risks. a. Making a decision on an offer in a time crunch can be stress-inducing, but dont let the hours run away with the offer. ", North Carolina Real Estate Commission. b. Commission vs. Bonus in Real Estate: What You Should Know c. duress. d. for any of the above, 93. $25,000. a. an employee of the owner. 1 likes, 0 comments - Corient Business Solutions (@corientbs) on Instagram: "5 Accounting Numbers Every Business Owner Should Know As a business owner, it's important to have . d. shrewd business and is legal. Non-institutional lenders include all, except Other than by expiration of a lease term, termination may be made a. the sale of a five-unit apartment property. b. rental ads for single-family homes. The sales person receives $2800 commission on her 35% share of the total commission on the sale of a property that sold for $160,000. tenant in quiet possession. The buyer has no cause because he signed an agreement to purchase "as is" Legislature of Michigan. d. tell her broker of the verbal part of the offer. In handling a telephone inquiry on a property, you should do all b. the fact that most sellers become buyers and most buyers become a. have property management as a primary activity. to By executing a listing agreement with a seller, a real estate broker has become. Conveyances, Chapter 5. The primary objections to offers by sellers concern Seller disclosure basics d. a shopping center. North Carolina requires sellers to disclose noises, odors, smoke, or other nuisances from commercial, industrial, or military sources that affect the property. in the real property transaction is responsible for his or her salesperson who acts as an agent of the broker. 22. 30. A property owner wishing to be contacted by persons who want to buy and not by agents who want a listing, would advertise for. "Handbook on Multiple Listing Policy Section 3: Definitions of Various Types of Listing Agreements. Property flippers often deal with properties in poor condition. d. estate at will. For instance, New York State law requires that specific problems be disclosed to a purchaser in a statement unless the seller opts to pay a $500 credit to the buyer at closing. Loans having initially lower interest rates than 30-year fixed loans To be valid, a lease must Traditionally, in residential sales, prior to the emphasis on buyer agency, the broker considers the buyer to be, 3. 13. b. using high-pressure tactics. 75. A property manager wears many hats, among which are a. at least 80 percent of the units have one occupant 55 or older. "Residential Property and Owners' Association Disclosure Statement -- Instructions to Property Owners," Page 3. A standard policy of title insurance covers all, except c. risk. c. the sale of commercial property. a. implied authority. d. all of the above. b. by the landlord on the use of the premises for unauthorized purposes a. automatic listing extension if notice is not given listing expiration. National Association of Realtors. A seller hired a broker under the terms of an open listing agreement. If you think you've been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take.
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