Listings Flashcards
A person who dies without the will
Died intestate
Escheat - when the government gets the possession
Exclusive Listing
One agent only
Specific termination date
If two are sign the seller could pay two commission
That commotion can be shared with an agent that brings a buyer.
A person dies with a will
Devise - will
Devisee - person whom property is devised in a will
Devisor - who disposes of a property by will.
Exclusive right to sell agreement.
It is okay to add in the extension if the house did not sell
No it is prohibited by Alabama license law
Their words broker and realtor are
Unrelated. a broker is a real estate licensee and the realtor is a member of NAR
Which of the following it’s not a cost or expense of owing a house?
Taxes on personal property
The seller is interviewing a licensee to determine which one he should hire her to sell his home. The seller and emphatically tells the licensee that he should not sell for family with children how should the licensee respond?
Based on the fair housing act of 1968, I cannot follow this instruction.
It is legal or illegal to tell the buyer that the seller is welling to take less money?
It is illegal to disclose that the seller would except less than the asking price (5000 for example) the disclosure was improper and possibly illegal regardless the licensee motive
Fail to disclosure the zooning commercial versus residential is a lack off??
Care
Sherman and Antitrust Act
It is not okay to divide a town like a northern region in the southern region with into two licensee.
