Broker fee provisions in a buyer\'s listing agreement may include: a) a fee on a
ID: 429058 • Letter: B
Question
Broker fee provisions in a buyer's listing agreement may include:a) a fee on any sale provision.
b) a termination fee provision.
c) a safety clause fee provision.
d) Any of the above.
Judicially and based on legislation, a cooperating broker is defined as a subagent with specific affirmative duties of cared owed:
a) the seller.
b) the buyer.
c) the broker.
d) All of the above.
A seller's broker does not have a contractual right to collect a fee from a breaching buyer when the broker lacks:
a) a client relationship with the buyer which carries with it the implied promise to avoid interference with the payment of a fee.
b) a written agreement signed by the buyer to pay a fee in lieu of the seller on the buyer' breach.
c) Both a and b.
d) Neither a nor b.
When a buyer and seller both agree in writing to the payment of a broker fee, ___________ are considered third party beneficiaries.
a) their lenders
b) their escrow officer
c) their brokers
d) All of the above.
All assurances to pay a broker fee on a real estate transaction are required by the __________ to be in writing and signed by the person who agreed a fee will be paid.
a) Statute of Corporations
b) Statute of Frauds
c) Statute of Torts
d) All of the above. Broker fee provisions in a buyer's listing agreement may include:
a) a fee on any sale provision.
b) a termination fee provision.
c) a safety clause fee provision.
d) Any of the above.
Judicially and based on legislation, a cooperating broker is defined as a subagent with specific affirmative duties of cared owed:
a) the seller.
b) the buyer.
c) the broker.
d) All of the above.
A seller's broker does not have a contractual right to collect a fee from a breaching buyer when the broker lacks:
a) a client relationship with the buyer which carries with it the implied promise to avoid interference with the payment of a fee.
b) a written agreement signed by the buyer to pay a fee in lieu of the seller on the buyer' breach.
c) Both a and b.
d) Neither a nor b.
When a buyer and seller both agree in writing to the payment of a broker fee, ___________ are considered third party beneficiaries.
a) their lenders
b) their escrow officer
c) their brokers
d) All of the above.
All assurances to pay a broker fee on a real estate transaction are required by the __________ to be in writing and signed by the person who agreed a fee will be paid.
a) Statute of Corporations
b) Statute of Frauds
c) Statute of Torts
d) All of the above. Broker fee provisions in a buyer's listing agreement may include:
a) a fee on any sale provision.
b) a termination fee provision.
c) a safety clause fee provision.
d) Any of the above.
Judicially and based on legislation, a cooperating broker is defined as a subagent with specific affirmative duties of cared owed:
a) the seller.
b) the buyer.
c) the broker.
d) All of the above.
A seller's broker does not have a contractual right to collect a fee from a breaching buyer when the broker lacks:
a) a client relationship with the buyer which carries with it the implied promise to avoid interference with the payment of a fee.
b) a written agreement signed by the buyer to pay a fee in lieu of the seller on the buyer' breach.
c) Both a and b.
d) Neither a nor b.
When a buyer and seller both agree in writing to the payment of a broker fee, ___________ are considered third party beneficiaries.
a) their lenders
b) their escrow officer
c) their brokers
d) All of the above.
All assurances to pay a broker fee on a real estate transaction are required by the __________ to be in writing and signed by the person who agreed a fee will be paid.
a) Statute of Corporations
b) Statute of Frauds
c) Statute of Torts
d) All of the above.
Explanation / Answer
Answer 1:
Explanation:
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