What type of disputes fall under arbitration? When the Property is marketed for lease, Broker will allow other brokers to show the Property to prospective tenants. 0000281767 00000 n In regard to reciprocity; if a licensee from another state wants a non-resident license in Louisiana: The must have an active license in their home state. C) paid by the sales associate's employing broker. lump sum can be placed in an account that pays Designated agency A specific type of duel agency where the broker-in-charge designates one sales person to represent the buyer and another agent to represent the seller. is defined as any broker other than the listing broker entitled to a share of any commission arising under this Lease. 0000031471 00000 n Many states have modified the traditional terms broker and salesperson to stress that all licensees must be knowledgeable of and comply with the law. An example of a stigmatized property is a Nearby land is being considered for a landfill a. Salespeople will not show Firm Bs listings because of their commission fees. b. Most brokers in the area charge a standard rate of commission, including Firm A d. a. from his employing broker. When leaving a firm, under what conditions can a REALTOR induce a client to cancel an exclusive agreement? The listing broker gives the listing salesperson 30 percent of his commission and the selling broker gives the selling sales person 30 percent of his commission. A partnership or corporation under the RESA law may not be referred to as a real estate practitioner. %PDF-1.5 % (6) A transaction-broker may do the following without breaching any obligation or responsibility: (a) Show alternative properties not owned by the seller or landlord to a prospective buyer or tenant; (b) List competing properties for sale or lease; (c) Show properties in which the buyer or tenant is interested to other prospective buyers or tenants; and. c.A broker-in-charge cannot be appointed as a designated agent. $2,181.73 x+T0t 40T043 Based on these facts, the salesperson is considered a(n) c. $3,356.50 What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels? a. pro forma. jA~+t1[IB ; C) paid by the sales associate's employing broker. Chapter 15 Flashcards - Cram.com REALTORS should limit their business in all the following areas except _______. d. A broker-in-charge appointing one agent to exclusively represent the seller as the client and appointing a different agent to exclusively represent the buyer as a client while the firm remains in dual agency. A hotel room is priced at $180 per room night. \text { Fertilizer Amount } \\ How much does the selling licensee earn from the sale? 0000040150 00000 n b. the buyer. c. death of the individual listing licensee. Why would privately owned power companies oppose the government's plan to build the TVA's hydroelectric dams? A real estate broker was responsible for a chain of events that resulted in the sale of one of his client's properties. If a REALTOR is contacted by the client of another REALTOR regarding the creation of an exclusive relationship to provide the same type of service, under what conditions can that REALTOR discuss the terms of a future agreement? a. not having an equal housing opportunity sign in her office window WebNo, because the broker does not allow an agent to give opinions b. Offers While Article 3 of the Code of Ethics requires that REALTORS cooperate with other brokers, there is an exception when cooperation is not in the client's best interest. Albans, NY Closing in 4 weeks. Whenever real estate agents sell a home they are required to. If the broker-in-charge (BIC) is to act as one of the designated agents on a North Carolina in-house transaction, which of the following may be appointed as a designated agent for the other party to the transaction?
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