Licensee representing seller works with unrepresented buyer

Assignment Help Operation Management

Reference no: EM132208959

1. If you are a seller's designated agent, you

must disclose your status to buyers prior to preparing an offer.

must obtain a signed agency disclosure form prior to closing.

must have an agency contract.

may or may not be the managing broker.

2. If a licensee representing a seller works with an unrepresented buyer, the licensee must confirm her agency relationship in writing to the buyer at what point in the transaction?

Upon initial contact with the buyer.

Before providing any real estate services to the buyer.

Before conducting any substantive discussions.

Prior to preparing an offer to purchase.

3. In Tennessee, an agency relationship exists where a principal's liability for the actions of a licensee is limited to actions or explicit instructions of the principal. This relationship is called

designated brokerage.

limited agency.

transaction brokerage.

power of attorney.

Reference no: EM132208959

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