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Unit 6

Terms in this set (10)

By taking a listing at a low fee that will result in a less than normal fee for any cooperating brokers, you are benefiting:
Not your office, not a selling office, not the owner
An owner tells you that agent Jones told her she could get far more for her home than your CMA indicates. What is your best response?
I think my comparative market analysis covers all recent comparables and clearly shows the market value. May I please look at the comparative market analysis that agent Jones prepared for you?
Type of listing that has the greatest likelihood of resulting in the sale would be a(n):
Exclusive-right-to-sell listing
All the following statements regarding an exclusive right to sell listing are true EXCEPT:
The agent is precluded from working with
Exclusive right to sell listing includes:
An agency relationship disclosure, an attorney fee provision, and arbitration agreement
Agent who did not obtain a purchase offer but who initiated an uninterrupted chain of events that led to a sale would be considered the:
Proccuring causes
Which listing would you be least likely to advertise?
An open listing
A listing under which the owner can sell the listed property without payment of a commission but the agent is nevertheless and exclusive agent is a(n):
Exclusive-agency listing
An agent sold a property where the owner had verbally agreed to pay commission. The agent would be legally entitled to a commission from the owner for the sale if the agent had:
Not relied on the verbal promises, not made a written memorandum of the agreement signed by the agent, not obtained a valid buyer listing agreement
A valid exclusive listing requires:
A lawful purpose, mutual consent, and consideration
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