Seller Agency Flashcards
A subagent is…
An unaffiliated broker working for the seller’s agent who assists the seller’s agent with a real estate transaction
What does the administrative code in Texas say regarding oral and written listing agreements?
They are both legal, but a person may not pursue legal action to collect commission unless there is a written and signed agreement.
Real estate commissions are:
negotiable, though every area has a common standard range.
In Texas, must a subagent be affiliated with the broker he or she is acting as a subagent for?
No, subagency is a specific agency arrangement in which a broker asks an unaffiliated licensee to work for him or her during a transaction.
Which of the following is a type of listing agreement?
- Open
- Net
- Exclusive right-to-sell
What is the term for a transaction in which licensees from the same brokerage represent both the buyer and seller?
In-house sale
