Under A Special Agency Agreement A Broker

(a) non-agency b) undisclosed duale agency c) consensual duale agency d) individual agency 9) When an agent enters into an agency agreement with a buyer, the agent becomes buyer_s agent, also known as brokerage. 9) A buyer_s agent is usually paid by the traditional commission agreement between the broker and the cooperating broker, the___________pays the commission which is then divided between the listing agent and the buying agent. (a) sub-authority b) designated agency c) agency alternating d) non-agency a) when the broker buys a loan, voluntary and fit. b) if an offer from a qualified buyer has been made and accepted and both parties have received signed copies of the agreement. c) If the seller has accepted the offer. d) When the transaction is complete. 9) All the following types are agency relationship types, except? a) ask for business for the broker. b) Collecting information for an evaluation. c) Keep a house open. d) Discuss a specific property with a client. 5) Designated agency means that clients do not have at their disposal all the trust obligations they would have if they were fully involved in the sales agency or the buyer`s agency.

What the client abandons in this situation is the fiduciary duty of the undivided? (a) Express Agency b) Implicit Agency c) Transaction Agency c) Alleged Transaction Agency 1) If a cooperating broker accepts a sub-agency offer from a list broker, to whom does the cooperating broker owe fiduciary duties? 8) If the transaction is not completed, the seller may still be responsible for paying a commission to the broker if the inequity is due to the____________ default. (a) offer to purchase b) list agreement c) lease option contract d) double agency agreement 3) Among the following options, which would be considered an advantage of a subcontracting agreement? This agreement defines the broker/agent`s obligations and obligations to the buyer, agency relationships, brokerage volume and buyer`s obligations; it does not provide for compensation. a) Show houses, apartments or other real estate. b) Submit approved offers and changes to the Multiple List Service (MLS). c) Write ads for a broker_s. d) authorization collecting information for comparative market analysis. 7) The principles of an agency relationship encompass all of these factors, with the exception of the agency`s? 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? 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) Mediation Agreement b) Unassified Admission c) Authorization Order (d) High Fines (a) for, b) below, above c) with, for, under a) a mere possibility for the cooperating broker to participate in the commission. b) Subsenation relieves the seller and the stockbroker of responsibility for the actions of the sub-agents.

c) the collection agency must be subject to written consent from the buyer. (d) The subposition allows the sub-agent to act as a buyer_s agent without the risk of an undisclosed duale agency. Home buyers usually sign buyers brokerage contracts with their real estate agents/agents before writing a sales contract. Buyer brokerage agreements clearly state who represents the buyer. It is also known as buyer representation.