Reference no: EM132821451

Problem 1: A seller has listed a home with a broker for $112,000. The seller is leaving for a 45 day cruise midway through the listing period, and authorizes the broker through a power of attorney to accept any offer of all cash at a price 100,00 or more. Broker receives a cash offer for $110,000, what does the broker do?

1. may not accept the offer until the seller returns

2. must forward the offer to the seller's attorney for consideration

3. may accept the offer

4. may sign a deed of conveyance if the seller does not return on time

Problem 2: The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to:

1. go the state's website and obtain the information and give it to the buyer.

2. ask the seller and then pass the seller's information along to the buyer.

3. give the buyer the website address so the buyer can look up that information

4. contact the local police department to obtain the information