Finder providing referral services for fee may

Assignment Help Operation Management

Reference no: EM132183618

1. Of all the various fee arrangements available to brokers for payment of their fees, _______________ leave the brokers with the least assurance the fee will be paid on close of escrow.

a) unilateral fee instructions signed only by the seller

b) unilateral fee instructions signed by the seller and brokers but not the buyer

c) mutual fee instructions signed by both the seller and buyer

d) None of the above.

2. A finder providing referral services for a fee may:

a) find and introduce parties.

b) solicit parties for referral to others.

c) solicit parties for referral to others.

d) Any of the above.

3. All records of an agent's activities on behalf of a client during the listing period need to be retained by the agent's broker for:

a) one year.

b) three years.

c) four years.

d) five years.

4. A seller's agent on a one-to-four unit residential property owes an affirmative duty to a prospective buyer to gather information regarding:

a) the suitability of the property to meet the buyer's objectives.

b) the income tax aspects of the buyer's acquisition.

c) Both a and b.

d) Neither a nor b.

5. On completing a reasonably diligent visual inspection of a one- to-four unit residential property, a seller's agent needs to note on the seller's Transfer Disclosure Statement (TDS):

a) any defects known to the seller's agent.

b) any defects observed by the seller's agent.

c) Both a and b.

d) Neither a nor b.

Reference no: EM132183618

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