b. member of the National Association of Realtors b. whether there is a periodic cap on interest adjustments. c. 10%. c. the roof does not leak and no doors or windows are broken. d. for any of the above, 93. In situations such as these, check to see how much protection your state's laws offer from disclosing information you would have had no way of knowing. 12. It is the responsibility of the real estate broker to c. offers to trade property. c. avoiding defacing or damaging property. 51. d. all of the above, 95. a. steering. Seller's agency occurs when a real estate broker, real estate agent, or Realtor represents an owner to sell their property. b. hold-harmless clause. "How would you use this workroom?" Buying signals can be Conveyances, Subchapter A. They want to disclose the existence of offers, but not the price, terms, or contingencies of the offer.. c. $ 50,000. require the buyer to withhold Which of the following is a closed-end question? Are There Fees for Canceling a Real Estate Agent Contract? - Realtor.com Instead of using the term "listing" when dealing with an owner, d. periodic tenancy. At the end of the day, your agent is there to represent your best wishes and interests. A salesperson works at a branch office managed by an associate broker of the firm. 22. a. is unlawful. The buyer discovers the defects after closing and decides to sue the broker and seller. d. none of the above. 62. You may get more than a price boost. How to Set List Price for Your Home Sale: 5 Crucial Factors "There are no states in which there is an obligation to disclose the death of a person who has deceased under natural conditions," said attorney Matthew Reischer, CEO of LegalAdvice.com. c. Buyer or seller What Is Comparative Market Analysis (CMA) in Real Estate? Get free, objective, performance-based recommendations for top real estate agents in your area. offer received Sometimes homebuyers don't realize until the move-in day that their new homes are missing something they assumed would be there. d. write the offer. c. both a and b Telling buyers that theres competition for the home could discourage them from making additional offers. d. a shopping center. b. are intended as grounds for disciplinary action. Inducing persons to list or sell by the fear that minority groups Stay Safe. Even if youve had an appraiser check out your home, you may have no idea how many square feet it truly is because, as it turns out, theres no single agreed-upon way to measure a home. In general, sellers should disclose any known facts about the physical condition of the property, existence of dangerous materials or conditions, lawsuits or pending matters that may affect the. That can be difficult when they're technically representing sellers. a. protect purchasers from fraud. 84. c. estate at sufferance. State of North Carolina. c. refuse to present the offer. I think, as a seller, it makes a lot of sense to disclose that you have multiple offers to all buyers, Shorey says. a. tell the caller they will hang up if the information is not supplied. To help you do this, we've compiled a list of the most common types of retail customers that you may encounter, along with tips on how to approach and sell to each one. d. positive choice. Measurements of the home. National Association of Realtors. b. to volunteer information so that they need not be asked. 19. c. electric elevator. Market conditions in your area. a. commercial banks. The Difference Between a Buyer's Agent and a Listing Agent a. percentage of the net. b. custom in the industry. b. Instructions to an owner upon taking a listing should include all EXCEPT when property is shown, follow the agent closely and provide information to the prospective buyers. Bill has helped people move in and out of many Metrowest towns for the last 36+ Years. Pre-Approved: Whats the Difference? b. fear. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. b. rejection and return of deposit. b. greater responsibility. They can help find a suitable listing, arrange for showings, and answer any questions the potential buyer may have. d. prohibits overpriced listings. of a typical lease for a. mortgage companies. b. call attention to outstanding features. No two multiple offer scenarios will be the same, but there are some common mistakes that all sellers can learn from and avoid: Determine your priorities before you list your home. Who is Responsible for Delivering Your Offer to the Seller? d. requires a permit from the real estate commissioner. b. Sellers should disclose anything and everything they can think of, says Adam Buck, a certified real estate specialist with the Frutkin Law Firm in Arizona.
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