What if anything must an associate broker include in his/her Web site advertising?
What if anything must an associate broker include in his / her Web site advertising ? An associate broker has developed a web site . What must he or she include on the site ? All advertising by an employed licensee must include the identity of the brokerage that holds the associate’s license.
What happens to a broker’s listings if the broker leaves a brokerage company?
What happens to those listings ? Answer: The listing agreement and the buyer/ broker agreement are both agreements between the client and the broker – not you, the agent. This means that unless your client and the broker agree otherwise, the deal stays with the brokerage when you leave .
What would need to be specifically excluded for the owner to keep in a sales contract?
The only items that is a requirement for the owner to exclude in a sales contract should she want to retain ownership are fixtures. A fixture is an item which is permanently attached to the land such that it has become real property (such as trees, bushes, a deck, lighting).
When a broker terminates his affiliation with an employing broker What must be done?
When a broker terminates his affiliation with an employing broker what must be done ? The broker and the employing broker have joint responsibility to assure that the real estate commission is notified.
Which of the following must be in all real estate advertising?
In all advertising , the salesperson or associate broker must include the name and telephone number of the sponsoring broker. The broker’s name and telephone number must be conspicuous, discernible, and easily recognized by the public.
When a counterproposal is made what happens to the original offer?
The original offer and the Counterproposal are returned to the buyer or buyer’s agent.
Can you work for 2 brokers?
Yes, you need to obtain written consent from both brokerages. Even if the regulatory board in your state allow you to work with two firms, it doesn’t necessarily mean your brokers would agree with the arrangement.
How do I leave my brokerage?
Do not tell anyone in your firm you have decided to leave until after you have spoken with your managing broker . Inform your current clients of your intent to move your license to a new firm. Call and schedule a time to meet with your broker . Try to see if you can see him or her as soon as possible.
Why do real estate agents change brokers?
Here are some of the reasons why real estate agents choose to jump from one brokerage to another: Commission split: some agents make a change to get a higher cut of the commission. Company reputation: occasionally an agent may jump to another brokerage because he perceives the new one to have a better reputation.
Who writes the purchase and sale agreement?
1. The seller’s agent or attorney will draft the Purchase and Sale Agreement (P&S). This is the more binding legal document that is the official contract to purchase the home.
Who signs the purchase and sale agreement first?
When signing the Contract it is the Buyer/s who signs first , which the Real Estate Agent refers to as “making an offer”. Before you sign . This is the time you should take the Contract to your Lawyer to check and discuss with you.
When must a seller respond to an offer to buy?
Unfortunately, there’s no rule about how quickly a seller has to respond to your offer . However, most sellers will extend the common courtesy to a buyer and respond in writing within 24 to 72 hours (or three business days) from the receipt of the offer .
Which of the following can terminate an agency relationship?
Which of the following can terminate an agency relationship ? An agency relationship may be terminated by mutual agreement; revocation by principal; renunciation by agent; expiration of its term; extinction of its subject matter; death or incapacity of either principal or agent.
What qualifies as good funds?
What are “ good funds ” for closing? A wire, cashier’s check, or a certified check is considered good funds . A wire is considered good funds because the funds are wired from your bank directly to our bank via the Federal Reserve and are immediately available. Another example of good funds would be a cashier’s check.
Which monetary encumbrances should be listed by the seller?
The seller should list all encumbrances known at the time of the listing . The status of these encumbrances after the property is sold would not be relevant (or known) at the time of the listing . Kevin, a real estate broker, sold a property and received a 6-1/2% commission.