Contact with client whose house is listed should be

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Reference no: EM132106746

1. Contact with a client whose house is listed should be:

a. every 30 days

b. every 2 weeks

c. every 10 days

d. once a week.

2. During the term of a broker's six months exclusive-right-to-sell listing, an offer is made which is accepted by the seller. The buyers diligently perform all the inspections and apply for a mortgage in accordance with the terms of the contract. At the end of the six-week mortgage contingency period, the buyers inform the sellers that they are unable to obtain a mortgage. Under these circumstances which of the following statements is true?

a. The broker is entitled to a commission as a result of a 1967 landmark court case.

b. The broker is not entitled to a commission because he or she has not produced a willing and able buyer.

c. The broker is entitled to a commission because the buyer performed diligently under the contract.

d. The broker's commission becomes a lien on the property to be earned when the property sells.

Reference no: EM132106746

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