Listings And Options Flashcards
1
Q
UAR listing agreement
A
Bilateral between broker and principal
2
Q
Open listing
A
Non exclusive, only the broker who finds the buyer gets paid
3
Q
Exclusive agency listing
A
Broker can sell, but the seller can find the buyer, they don’t pay a commission to agent
4
Q
Exclusive right to sell
A
The listing agent gets commission no matter who buys the propert
5
Q
Single party exclusive right to sell
A
One specific buyer
6
Q
Exclusive right to sell with exclusions
A
Excludes certain names from the listing
7
Q
Options must contain
A
Term(timeline)
Purchase price either price or appraisal.
Terms of purchase
Amount of non refundable money
