Chapter 12 Exam

A broker's compensation is...? A Negotiable B Fixed C Variable D Controlled

A

A listing contract exists between the real estate broker and the...? A Client B Real estate salesperson C Customer D All of the above

A

If an additional contract item does not belong in the contract Addendum, it will most likely get listed in the...? A Special Provisions B Contract bulletin C Contract notice form D HUD-1 form

A

This type of contract gives the broker the greatest chance at receiving a commission...? A Exclusive Right to Sell Agreement B Net Listing Contract C Open Listing Contract D Exclusive Agency Agreement

A

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...? A Net Listing B Open Listing C Exclusive Agency Agreement D Exclusive Right to Sell Agreement

A

Which of the following is a type of contract used between brokers and sellers...? A All of the above B Exclusive Right to Sell Agreement C Open Listing D Exclusive Agency Agreement

A

Which of the following is an example of an addendum found in a listing contract...? A All of the above B Seller Disclosure Notice C Lead Based Paint Disclosure D Request for Information from an Owner's Association

A

Which of the following listing contracts is discouraged throughout the State of Texas...? A Net Listing B Open Listing C Exclusive Agency Agreement D Exclusive Right to Sell Agreement

A