Single Agency Relationships in Real Estate. To be valid, a lease must
Wed love to give you a concrete answer. and gave her husband one-half interest
For instance, New York State law requires that specific problems be disclosed to a purchaser in a statement unless the seller opts to pay a $500 credit to the buyer at closing. to a company that must
a. property listed at prices below the price indicated by the Competitive
Institute of Real Estate Management. b. rejection and return of deposit. "In Texas, for example, deaths from natural causes, suicides, or accidents unrelated to the property do not have to be disclosed.". a. acceptance. A reverse directory aids in canvassing for listings as you can readily
If they succeed, what commission is the broker entitled to in this case? d. misrepresentation. When water gets in where it shouldn't, it can damage personal possessions, undermine the home's structure, and even create a health hazard by causing mold growth. NYS Department of State, Division of Licensing Services. A good listing agent, also called a seller's agent, is a seller's marketing expert during the selling process. a. agency representation. State of North Carolina. Large high-rise buildings were made possible by the
33. Read on to learn more about the intricacies of handling multiple offers and the best practices for disclosure. a. total housing costs cannot exceed 28 percent of gross income. d. escrow. While this can happen in any market for a competitively priced home, youre most likely to encounter it in a sellers market, where the housing stock is low and the demand for available homes is high. c. supervised by a principal. 16. c. both a and b
Seller's agency occurs when a real estate broker, real estate agent, or Realtor represents an owner to sell their property. c. both a and b
13. 15-year fixed loans. What's the Problem With Calling a Listing Agent to See a House? A realist is a
Emma's work has been featured in Huffington Post, NPR and XOJane. d. all of the above, 29. a. could lose his license for fraud. Their experience can make it worth the commission they earn to sell your home. d. matters that would be revealed by a correct survey. NARs Code of Ethics also requires real estate agents to be honest with all parties. So an ethical listing agent isnt going to lie about multiple offers on a property to stoke competition. In general, sellers should disclose any known facts aboutthe physical condition of the property, existence of dangerous materials or conditions, lawsuits or pending matters that may affect the value of the property, and any other factors that may influence a buyers decision. Property flippers often deal with properties in poor condition. 26. d. all of the above, 4. a. keeping the living unit clean and sanitary. Other times the seller takes something that's considered part of the house. When an agent's authority arises from custom in the industry, it is identified as