CE Shop Questions
How would you respond if your seller makes the following request? "We've lived here 10 years and love our neighbors. They're really concerned about the changes happening to the blocks around us, so we want to be careful about who we sell this house to. You know what we mean. You'll help us find the 'right' kind of buyer, won't you?" "I can't technically do that, but I could choose to advertise only in publications that target a white readership." "I'm sorry that you feel that way. I am obligated to obey the requests of my clients, but I'm going to need you to write up your request and sign it, so there's no way I can get in trouble for fair housing violations." "It would be illegal to limit the search based on race or religion or anything like that, but I promise I'll find you the most qualified buyer I can, and we'll sell this house for the highest price possible." "Let's keep this off the record. As long as we can come up with other reasons to disqualify the buyers you don't want, we'll be okay. We just need to make sure it looks legitimate from the outside."
"It would be illegal to limit the search based on race or religion or anything like that, but I promise I'll find you the most qualified buyer I can, and we'll sell this house for the highest price possible."
A buyer has a 15-year, $250,000 loan with a 5.5% interest rate. How much of the first monthly payment is interest? $1,145.83 $13,750.28 $1,388.89 $916.67
$1,145.83 ($250,000 x 0.055) ÷ 12 = $1,145.83
The couple you're working with purchased their home five years ago, which was valued at $175,000 at the time. Property values have increased by about 1% a year for the last five years. What is the property's current value (rounded to the nearest dollar)? $178,517 $180,302 $182,105 $183,927
$183,927
A buyer is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender also charges a one-point loan origination fee. How much is the loan origination fee? $3,200 $3,600 $4,000 $800
$3,200 An 80% LTV ratio means the buyer is financing 80% of the purchase price. Eighty percent of the purchase price is $320,000, and one point, or 1%, of this amount is $3,200.
A buyer anticipates a house payment of $1,000 per month, with monthly homeowner association fees of $150. The buyer also has a car payment of $400 per month. If the buyer earns a monthly gross income of $5,000, what's the housing ratio? 20% 23% 28% 31%
23% The housing ratio is 23%: ($1,000 + $150) / $5,000 = .23 x 100 = 23%.
Most new loans can be funded in _______________, some sooner. 30 days 45-60 days 60-90 days 75 days
45-60 days
Your client Ellis is purchasing a property for $520,000. He made a down payment of $200,000 and plans to finance $320,000. What is the LTV ratio as rounded to the nearest percentage? 50% 55% 62% 65%
62%
Margie needs to know the square footage for the first floor of the condo her client is interested in buying. The kitchen is 10 feet by 15 feet, the living/dining combo is 20 feet by 25 feet, and the office and bedroom are each 10 feet by 10 feet. What's the total square footage? 2,200 square feet 3,000 square feet 750 square feet 850 square feet
850
What percentage of a worker's income must come from production in order for the worker to qualify as an independent contractor? 50 51 75 90
90
With which type of mortgage does the interest rate vary according to a specified index? Adjustable rate Balloon rate Fixed rate Straight term
Adjustable rate A loan with a rate that's adjusted, usually annually, based on the behavior of the economic index with which it is associated (e.g., the Consumer Price Index) is called an adjustable rate mortgage.
Your buyer client Jorge is looking at mortgage loans for a condo he wants to buy. He says, "I tell you, I think the interest rate is going to go down and stay down for a while. I want mortgage payments that drop if the interest rates drop. Oh, and if I'm wrong, I don't mind paying a higher interest rate either—as long as it doesn't go TOO high." Which of these is his best bet? A bridge loan An adjustable rate loan A reverse mortgage A wrap-around mortgage
An adjustable rate loan
Matt is determined to use his intuition as a tool to help him avoid potentially dangerous situations. He has decided that if he feels uneasy or unsafe, he will use the excuse that he has to make a quick phone call and step outside to do it, where he will use his distress signal. He has created what for himself? A foolproof plan to avoid danger An escape plan A plan to annoy potential buyers and show them who's boss A strategy to avoid meeting with clients
An escape plan
One advantage residential properties have for investors over commercial properties is that residential properties _______. Are larger properties Are relatively liquid Are relatively rare, so tenants compete for available units Require a larger down payment, so there is less to finance
Are relatively liquid
Prior to signing the closing documents, what should the parties have already done? Assured themselves that the conditions and contingencies of the purchase agreement have been met. Moved locations. Paid the balance of the purchase price to the seller. Paid the title representative for the closing.
Assured themselves that the conditions and contingencies of the purchase agreement have been met.
When must all New York real property transfers taxes be paid? At the closing At the time of title commitment At the time that the deed is recorded At the time that the mortgage funds
At the time that the deed is recorded
Who, or which entity, reviews and approves or disapproves of the CPS1 or the Cooperative Policy Statement? Attorney general Condominium Association Cooperative Board Planning Board
Attorney general
The New York City Department of Housing Preservation and Development (HPD) established the HomeFirst Down Payment Assistance Program. The criteria for the program includes __________________. Be a credit risk Be a first-time homebuyer Home purchased must pass VA CRV inspection Not have enough in savings to contribute to the down payment or closing costs
Be a first-time homebuyer
Which of the following does a prospective cooperative buyer provide to the board to give a clear picture of the buyer's personal and financial situation? Alteration agreement Board minutes Board package Offering plan
Board package
Which type of analysis is a broad estimate of price in case the lender must take over the property and sell it to an investor or on the market? Appraisal Broker's price opinion Comparative market analysis Credit analysis
Broker's price opinion
You represent a buyer in a transaction that includes a 2% cooperating agent commission to be paid by the seller. Who's your client? Buyer Seller Seller's agent Seller's sub-agent
Buyer
What should a real estate professional do regarding property taxes? Advise clients when it's time to protest an assessment. Attend all property tax review board hearings. Check the title report for property tax liens. Offer zero-interest loans to homeowners who are delinquent on property taxes.
Check the title report for property tax liens.
Under federal fair housing law, what are the protected classes?
Color, national origin, religion, sex, familial status, disabilities, race
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. Commingling Contractual interference Failure to disclose an agency relationship Performing services that would qualify as practice of law
Commingling
What can save a transaction when negotiation between the parties down? Conflict resolution Hardball tactics Number crunching Winner-take-all negotiation
Conflict resolution
Your buyer client, Ben Dalton, tells you two weeks before closing that he's lost his job. He doesn't have any other income at the moment, and may not be able to follow through on his purchase of the house you're helping him buy. However, he doesn't want to miss out on his dream home and is optimistic that he'll find something soon, so he asks you to keep it confidential. What should you do? Disclose this fact to all parties to the transaction if Ben refuses to do so. Keep it confidential, because you owe him that fiduciary duty. Keep it confidential, but only on the condition that Ben promises not to tell anyone he told you, so you can play dumb. Send an anonymous note to the seller's agent telling him the truth.
Disclose this fact to all parties to the transaction if Ben refuses to do so.
Real estate sales contracts must be valid, express, bilateral, ______, and executed or executory. Enforceable Oral Unenforceable Voidable
Enforceable
Being a retail property manager includes responsibility for ______. Establishing some leases as percentage leases where a base rent per square foot is augmented by a percentage share in the tenant's gross Leading the construction of large office buildings and warehouses Negotiating with the homeowners association Understanding residential fair housing rules
Establishing some leases as percentage leases where a base rent per square foot is augmented by a percentage share in the tenant's gross
What's something you should definitely do when conducting a buyer presentation? Ask probing financial questions. Explain the transaction process. Focus on your track record as a sales professional. Obtain copies of the buyer's last two pay stubs.
Explain the transaction process.
What does FEMA stand for? Federal Emergency Management Agency Federal Emergency Management Association Federal Energy Management Association Federal Environmental Management Association
Federal Emergency Management Agency
What is meant by "first substantive contact"? First contact of any kind First meaningful conversation about real estate First meeting In-person contact
First meaningful conversation about real estate
Personal property includes which of the following? Built-in microwave Custom curtains Free-standing TV In-ground pool
Free-standing TV
What's supposed to be installed wherever water can be found, such as in bathrooms, kitchens, basements, utility rooms, garages, outdoors, and near swimming pools, to protect people from getting electrocuted? BX GFCI NEC PVC
GFCI GFCI stands for ground fault circuit interrupter. It's designed to trip the power off when potentially hazardous electrical faults occur.
Which homeowners policy is used for mobile homeowners? HO-3 HO-4 HO-6 HO-7
HO-7
Bradley provided his clients with a dual agency disclosure. He obtained his clients' signatures and provided copies to his clients. What step did he miss? He did not make sure his clients understood the form before signing it. He did not offer to also mail his clients a certified copy. He did not receive his broker's permission. No steps; if he obtained signatures, he has done his job.
He did not make sure his clients understood the form before signing it.
Septic systems for homes need to have an as-built drawing filed with the _______. Department of Housing and Urban Development Department of Public Works Environmental Protection Agency Health department
Health department
Jillian's lease for her apartment has a right of first refusal clause. What kind of obligation does this create for her landlord Kathy? If Kathy decides to sell, she must offer it to Jillian for 95% of asking price. If Kathy decides to sell, she must offer it to Jillian for purchase first. Kathy can't legally raise her rent. Kathy must renew Jillian's lease every year.
If Kathy decides to sell, she must offer it to Jillian for purchase first.
When working with potential buyers who say they just want a little information but won't sign a buyer representation agreement, why should you recommend they become clients? By law, buyers must be represented in order for the transaction to proceed. If they won't sign an agency agreement, there's a higher chance they won't be loyal to you. It's illegal to give potential buyers information without a signed buyer representation agreement. When they sign a buyer representation agreement, you can then run their credit report to make sure they're worth your time.
If they won't sign an agency agreement, there's a higher chance they won't be loyal to you.
Which of the following is a general, involuntary lien against property created by filing a certificate of lien in the county where the property is located? Easement Income tax Mechanic's Mortgage
Income tax
Which of the following is an example of the duty of disclosure? Carrying out a client's instructions without question Informing parties to the transaction of material facts related to the transaction Keeping a client's confidential information confidential Keeping the client in the loop on all that is happening with the transaction
Informing parties to the transaction of material facts related to the transaction
Which one of the following statements about investors and tax depreciation is true? Depreciation is not limited to investment properties. Investors are not allowed to take a business deduction for annual depreciation. Investors can depreciate an appreciating asset. Most investors try to avoid depreciation.
Investors can depreciate an appreciating asset. (Depreciation of investment properties allows investors to depreciate an appreciating asset and use the depreciation as a business deduction. Depreciation is limited to investment properties. Improvements can be depreciated; land itself cannot.)
What makes urea formaldehyde foam insulation a health hazard? It contains asbestos. It contains formaldehyde. It contains radon. Levels increase over time.
It contains formaldehyde.
How does a New York zoning board of appeals act to preserve a community's basic character? It offers professional advice to all agencies and boards within the town on land use matters. It prepares and amends the community's master plan for land use. It reviews requests to use property in a way that's not consistent with the current zoning ordinance, and may issue a variance or special use permit. It works on behalf of any citizen of the community with special land use needs, and represents that citizen before the town's planning board.
It reviews requests to use property in a way that's not consistent with the current zoning ordinance, and may issue a variance or special use permit.
Which of the following is true about a PITI mortgage? It provides lower interest rates than most other kinds of mortgages. It's financed by the seller. Its monthly payments go toward principal, interest, taxes, and insurance. The whole payment goes to the interest until it's paid off, and then the payment is applied to the principal.
Its monthly payments go toward principal, interest, taxes, and insurance.
What would help cooperative buyers ensure that the specific cooperative shares being purchased are available to be purchased? Cooperative budget Cooperative newsletter Lien search Multiple listing search
Lien search
When a lawsuit is filed, a _______ is often created and filed, as well, which provides the public with a notice that a judgment may be forthcoming that could affect the property's title. Easement Eminent domain Encroachment Lis pendens
Lis pendens This filing is notice to the public of a pending lawsuit.
Which practice involves talking the consumer into refinancing over and over so a lender can charge fees? Loan flipping Poison lending Premeditated lending Turnover lending
Loan flipping Loan flipping is a tactic that predatory lenders use.
You receive a full-price offer within one day for a new listing. Your seller is concerned the home was under priced. How should you respond? Advise the seller to reject the offer and hold out for something better if that's how he feels. Ask the buyer to justify her offer in writing, explaining why she was so quick to buy. Make sure your seller is informed. Review the information that shows the home was accurately priced. Tell the seller it is what it is and it's too late now to change things.
Make sure your seller is informed. Review the information that shows the home was accurately priced.
A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of? Group boycotting Market allocation Price fixing Tie-in arrangements
Market allocation
Getting the best price is always a factor for a seller, but the ______ that it actually would sell for must be another consideration. Guesstimate Highest price Market price Reduced price
Market price
Dexter is a nonresident real estate licensee based in Pennsylvania. Because of the uniform irrevocable consent and designation form, if he violates New York real estate law, any summons for him ________. May be served on one of his New York-based clients May be served on the New York Secretary of State and need not be served directly on Dexter Must be served on him in Pennsylvania Must be served on him when he visits New York
May be served on the New York Secretary of State and need not be served directly on Dexter
Who underwrites the loan? Mortgage banker Mortgage broker Mortgage loan originator Real estate agent
Mortgage banker
Following all of the client's lawful instructions describes which fiduciary duty? Disclosure Loyalty Obedience Reasonable skill and care
Obedience
Who are the parties to a property management agreement? Landlord and tenant Owner and agent Owner and tenant Property manager and brokerage
Owner (client) and agent (property manager)
Randolph has a leasehold estate that automatically renews at the end of each lease period. What type of leasehold estate does Randolph hold? Estate at will Estate for months Periodic estate Renewable estate
Periodic estate
The New York town of Greenville makes development decisions according to its master plan. As time passes, the town occasionally makes amendments to the master plan, a responsibility belonging to the ______. Development board Land use board Planning board Zoning board
Planning board
Which local land use group has the dual focus of livability and quality of life? HOA Master commission Planning board Zoning board of appeals
Planning board
Clay and Myra just bought a home. Based on where they are in the property ownership life cycle, which one of the following tax-related items is likely to be of the most interest to them? Capital gains Depreciation Mortgage interest deduction Points deduction
Points deduction
Mark is trying to set up a face-to-face meeting with potential buyers the Tomlins, but the Tomlins have refused. What should Mark do next? Give their number to a colleague and hope for referral compensation. Give up. Politely insist on a meeting. Wait a week and then call them again.
Politely insist on a meeting.
According to the U.S. Department of Justice, which type of antitrust violation is an agreement between competitors to eliminate discounts to all customers or certain types of customers? Group boycotting Market allocation Price fixing Tie-in arrangement
Price fixing
What's a typical prepaid item that goes into a seller's credit column and a buyer's debit column on a closing statement? Broker fees Loan fees Property taxes Recording fees
Property Taxes
Over the life span of owning a home, homeowners may be able to take advantage of what tax benefits? Capital gains Capital losses Points deduction Property tax deduction
Property tax deductions
Which of the following is a method of preventing or minimizing risk? Prohibiting licensees from accepting distressed sale transactions Providing regular relevant training to licensees Purchasing a business interruption insurance policy Requiring licensees to certify that they have appropriate auto insurance
Providing regular relevant training to licensees
Which protected class refers to a group of people who share common characteristics, typically physical characteristics, such as skin color? Familial status National origin Race Religion
Race
Who of the following may customize standard contracts of sale by adding original (non-standard) clauses or riders? Real estate agent Real estate attorney Real estate attorney, real estate agent, and real estate broker Real estate broker
Real estate attorney
Out-of-state real estate licensees who want New York licensure and who work for a broker who lives in a ________ state do not have to have an office in New York or take the New York exam. Adjacent Nearby Other Reciprocal
Reciprocal
Buyers who want to look good to lenders prior to financing should employ which of the following strategies? Close all credit card accounts Keep high credit card balances to improve available cash Pay off as much debt as possible, even if it means they will have no cash reserves Reduce credit, but retain cash reserves
Reduce credit, but retain cash reserves Having high debt is not a good thing in a lender's eyes, but neither is having no cash reserves. A balance between low debt and solid reserves is best.
It's the policy of Kathleen's brokerage to only practice single agency. Which of the following best describes this? Representing both buyers and sellers in the same transaction Representing either the buyer or the seller in a transaction, but never both at the same time Representing only buyers in all transactions Representing only sellers in all transactions
Representing either the buyer or the seller in a transaction, but never both at the same time
Marsha leases a ranch house in a bedroom community. When the owner decided to sell the house, Marsha was given the opportunity to purchase it but declined. What does Marsha have? Lease with obligation to buy Lease with option to buy Option contract Right of first refusal
Right of first refusal
For farmers and others who live in rural communities, a ______ loan may be available. One benefit of these loans is the option for a longer payback period. Farm-to-closing-table Fresh farmers Organic producers Rural development
Rural development
Sean represented Jamie as a buyer's agent. Jamie purchased a property that allowed cooperating agents to receive compensation of 2.5% of the sales price upon closing of the transaction. Sean hasn't been paid and the transaction closed six months ago. What can Sean do? Sean can ask the buyer to write a check for his commission. Sean can ask the seller to write a check for his commission. Sean can bring action against the broker who did not pay his commission. Sean can't do anything. The statute of limitations has passed
Sean can bring action against the broker who did not pay his commission.
What is the term for a vacation home, an investment property, or even a seasonal home a taxpayer uses for a few months every year? Business property Rental property Second home property Timeshare
Second home property
When Sarah closed on her co-op, in addition to her proprietary lease, she received ________. An invitation to serve on the board A redecorating credit A refund of application fees Shares of stock in the corporation
Shares of stock in the corporation
Bonnie always schedules an in-person meeting with prospective buyers before she begins sending them data on properties. Why might this be? She needs their written permission to send them data. She needs to define the buyer's needs and wants. She needs to have them sign an agency agreement before she can work with them. She needs to see if she likes them enough to work with them.
She needs to define the buyer's needs and wants.
Stan is a commercial REALTOR® who works with clients who buy and sell industrial space for large operations. Which association might be a good fit for him? Building Owners and Managers Association International (BOMA) Institute of Real Estate Management (IREM) International Council of Shopping Centers (ICSC) Society of Industrial and Office REALTORS® (SIOR)
Society of Industrial and Office REALTORS® (SIOR)
Ned represents Sofia in the sale of her townhome. Luciana represents Sofia's buyer, Arturo. What is Sofia's relationship to Luciana? Luciana is Sofia's customer. Luciana is Sofia's fiduciary. Sofia is Luciana's client.
Sofia is Luciana's client.
Which of the following is the definition of a client? Someone who acts on behalf of someone else, at that other person's request. Someone who has agency representation with the real estate salesperson or broker. Someone who is in a position of trust and owes loyalty to another. Someone who is working with a real estate salesperson or broker, but who is not represented by that agent.
Someone who has agency representation with the real estate salesperson or broker.
If a landlord wants to notify a tenant that the leased property is subject to a mortgage, what clause would be included in the lease? Mortgage clause Subjective clause Subordination clause Use clause
Subordination clause
To claim unequal assessment, the taxpayer would have to prove _________. That the assessment was unlawful That the property had been misclassified for assessment purposes That the property's assessed value was greater than the property's full value That the property was assessed at a higher percentage of value than the average of all other properties on the assessment roll
That the property was assessed at a higher percentage of value than the average of all other properties on the assessment roll
Chlorofluorocarbons (CFCs) are no longer used in manufacturing thanks to what? The Clean Air Act The DEC The introduction of Freon The Ozone Act of 1990
The Clean Air Act
What is a "lender rebate?" The difference between the borrower's down-payment and the escrow amount The difference between the loan application fee and the loan origination fee The difference between the purchase price and the appraisal The difference between the wholesale and retail price
The difference between the wholesale and retail price
Which fiduciary duty requires agents to handle their clients' funds and paperwork properly? The duty of accounting The duty of confidentiality The duty of disclosure The duty of obedience
The duty of accounting
Which of the following is part of the eave system? Composites Fascia Framing Shingles
The frieze board, soffit, and fascia are all part of the eave system.
Deanna is a resident of the town of Greenville, New York. She lives in a building that's been designated as a historical landmark. When she needs to replace the roof on it, which municipal agency is allowed to control the way the work is accomplished? The historic preservation commission The history expert assigned to her building by the town council The planning board The zoning board of appeals
The historic preservation commission
Under the 1986 New York Independent Contractor Law, there must be a written contract between the broker and the licensee that specifies the terms of their relationship. What is included in those terms? The contract was created using an approved template. The licensee did not execute the contract under duress. The licensee is working as an employee. The licensee may only work specified hours and in a specified location.
The licensee did not execute the contract under duress.
New York requires that each broker's business sign, if visible from the street, be conspicuous and easily readable from ________. A block away The sidewalk Two blocks away two car lengths away
The sidewalk
Which of the following best describes condominium ownership? The building belongs to the unit owner, and all owners also share in the ownership of the common elements. The space inside the unit itself belongs to the condominium association, and owners also share in the ownership of the common elements. The space inside the unit itself belongs to the unit owner, and all owners also share in the ownership of the common elements. The structural unit belongs to the condominium association, and owners share in the ownership of the common elements.
The space inside the unit itself belongs to the unit owner, and all owners also share in the ownership of the common elements.
Which of the following is true about binders? They are also called purchase offers. They are legally binding if signed by both parties. They replace agency agreements in some states. This is the contract sellers use when they choose to finance all or part of their buyer's purchase.
They are also called purchase offers.
Which of the following statements is true about septic systems? There are many different types. They differ in the way they are installed. They do not require inspection. They do not require maintenance.
They differ in the way they are installed.
What type of credentials do mortgage brokers need to possess? They must be licensed They must be registered They must be registered or licensed. They must be unlicensed
They must be registered or licensed.
Shakira is attending an association meeting when, in a small group breakout, her group begins discussing how to deal with the new kid in town: a real estate firm that charges a flat $500 to list properties, then lets the sellers fend for themselves. Why should Shakira leave the discussion? She needs to get to work developing this model for herself The group seems bent on creating a tie-in arrangement This conversation seems to be turning into a discussion of market allocation This conversation sounds like it might become an antitrust violation
This conversation sounds like it might become an antitrust violation
A landlord with a strict "no pets" policy won't rent to a woman who uses a service animal to assist with her epilepsy. Which of the following is a true statement about this situation? This is discrimination based on disability. This is discrimination based on familial status. This isn't discriminatory because service animals are restricted to the vision-impaired. This isn't discriminatory if the "no pets" policy is universally applied.
This is discrimination based on disability.
Lanai lives in the town of Alexander in New York's Genesee County. Which of these municipal agencies operates in her community? City council and town council Town commission Town council and town board Village board of trustees
Town council and town board
At what point do most lending issues arise? Credit analysis Loan preapproval Loan prequalification Underwriting
Underwriting
What happens when a board decision in a condominium association goes against the will of the majority of unit owners? Condominium association agreements are generally non-binding Even if the bylaws provide for majority agreement, the board's will prevails However, if the bylaws were approved by the Attorney General as part of the offering plan, the board's decision is non-binding Unless the bylaws provide for majority agreement, the board's will prevails
Unless the bylaws provide for majority agreement, the board's will prevails
Which of the following tasks is an unlicensed assistant in NY permitted to perform? Interpret contract information for a client. Negotiate a commission. Show property. Write advertisements for broker approval.
Write advertisements for broker approval.
Gillian is a real estate licensee who attends a party at the home of a mortgage broker, Tim, with whom she has worked in the past. At the party, Tim offers Gillian tickets to a concert, saying that he can't use them. She accepts gladly, and laughs when Tim says as he hands the tickets over, "And all I ask in return is that you send a customer or two my way!" Is Gillian guilty of a violation? No, but Tim is. No, there is no violation. Not unless she neglects to disclose the exchange and the value of the tickets to her broker within three days. Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Savvy's buyer client made an offer on a property but is having second thoughts. Savvy tells her client that she'll ask the seller's agent for an extension on the inspection period "to gather more bids," and use that time to look at other properties to avoid losing out on the current property. Savvy's client found a property she liked better, so they made an offer. The offer was accepted, so Savvy contacted the first property's agent to terminate that offer. Is this wrong? No, she acted in her client's best interest. No, she fulfilled her duty of loyalty to her client. Yes, she broke a contract. Yes, she did not treat the other party honestly, or act in good faith.
Yes, she did not treat the other party honestly, or act in good faith.
Which of these is an example of legal single license dual agency? You represent both the buyer and seller in a single transaction with appropriate consent from both. You represent the buyer and a colleague from your firm represents the seller. You represent the seller and a colleague from another firm represents the buyer. You represent the seller and a colleague from your firm represents the buyer.
You represent both the buyer and seller in a single transaction with appropriate consent from both.
For safety reasons, which of the following should not appear in your personal marketing? Your home address Your office address Your office email address Your office phone number
Your home address
ill is selling her property and hired David as her agent. David brings another client, Kirk, to see the property, which Kirk is interested in purchasing. What kind of agent is David acting as in this scenario? A buyer's agent A dual agent A seller's agent A sub-agent
a dual agent
