Which relationship is a general agency relationship? Single Agent for the buyer and the seller in noresidential transactions where the buyer and the seller meet certain asset thresholds Should inform the principal of possible harm inherent in the instructions, and then either do as instructed or withdraw from the relationshipĪ brokers obligation to consumers with whom the brokerage firm has no brokerage relationship include the duty ofĭesignated Sales Associates are BEST Described as If a principal gives the broker instructions that will result in loss or harm to the principal, the broker In the common publi relationship that exists in a typical real estate transaction, buyers and sellers are said to be dealing
Present Both Offers, explaining the details of each to the seller During open house agent is given 2 different offer, what should he do? the seller discloses of loose tile, the broker has an obligation to tell buyerĪ Transaction Broker has all of the duties listed below EXCEPTĪ seller list her home for $116,900, she also says she needs atleast 112,000.
A TRANSACTION BROKER DOES NOT HAVE WHICH DUTY LICENSE
The broker must act in the best interest of the pricipalĪ real estate broker who works in a limited capacity for both buyer and the seller in the same transaction is.?Ī license of ABC Realty must give the no brokerage relationship notice toĪ for-sale by Owner (FSBO) seller before showing the FSBO home to a buyer customer of ABC RealtyĪ broker listed a sellers property. Which statement best describes the duty of loyalty in a single agent relationship? The brokerage relationship disclosure requirements in Chapter 475 F.S., Apply to the
Click here to study/print these flashcards.Ĭreate your own flash cards! Sign up here.Īdditional Real Estate & Planning FlashcardsĪ man is so Cautious and refuses to sign documents, under which statement may you NOT work with the man?Ĭhange from a single agent to a transaction broker to show the man's home to an in-house buyer-principle
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