Texas Principles of Real Estate 1: Chapter 12 Quiz
Find a ready, willing, and able buyer
A broker is entitled to a commission after they...?
Negotiable
A broker's compensation is...?
Client
A listing contract exists between the real estate broker and the...?
Special Provisions
If an additional contract item does not belong in the contract Addendum, it will most likely get listed in the...?
Exclusive Right to Sell Agreement
This type of contract gives the broker the greatest chance at receiving a commission...?
Net Listing
This type of listing provides that the agent may retain as compensation for the agent's services all sums received over and above a net price to the owner...?
Texas Association of Realtors
Which entity produces the most commonly used Exclusive Right to Sell agreement in Texas...?
All of the above
Which of the following is a type of contract used between brokers and sellers...? -Exclusive Right to Sell Agreement -Open Listing -Exclusive Agency Agreement -All of the above
All of the above
Which of the following is an example of an addendum found in a listing contract...? -Seller Disclosure Notice -Lead Based Paint Disclosure -Request for Information from an Owner's Association -All of the above
Net Listing
Which of the following listing contracts is discouraged throughout the State of Texas...?
