Chapter 13 Flashcards
An agent had a seller sign a representative agreement for 90 days within the automatic 30 day extension if the property didn’t sell within the 90 days. The agreement is.
Prohibited
Brokerage representative agreement must:
Be submitted to the MLS
Be completed by sellers only
Be in writing
Be orally approved
Be in writing
A seller property disclosure form definition of “residential real property” is
One to four dwelling units
Alyssa packet or property profile from a title company cannot contain more than how many items
Six
When was the agency disclosure brochure be given to prospective seller?
At first substantial business contact
Convince conditions and restrictions (CCR’s) impose what kind of restrictions?
Private
Sellers of newly constructed residential real property shall disclose information regarding
Annexation
The sellers property disclosure must be completed by the
Seller
What information must be included with all advertising of listed properties
Brokerage business name
What type of comparative properties are generally used as a basis of CMA
Recently sold
What’s the purpose of first listing appointment?
Gather information
