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Which of the following statements is true of mediation? c. legal puffing. 0000031631 00000 n TomatoPlantHeight(inches)FertilizerAmount(ounces)20.41.949.25.046.43.1\begin{array}{|c|c|} a. A comprehensive firm policy is required by Commission Rule. (d) Serve as a single agent or transaction-broker for the same or for different parties in other real estate transactions. \text{Hotel depreciation}& 55\\ Use of metatags that include the names of other brokerage companies is a reasonable way to divert traffic to a REALTOR's site. d. terms of the purchase contract require the agent to do so. An example of a stigmatized property is a \text{g.}& 3 & \text{Printer cartridges} & 76.99\\ Front Row records the following activity between May and August 2019 for one of its artists: DateActivityNumberofUnitsCostperUnitMay10Purchaseinventory240$8.2525Sale180June5Purchaseinventory3008.7525Sale150July5Sale135Aug. Chapter 23 - back of the Book Risk Management, Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self. Yes, and it can be best described as puffing b. procuring cause. A Louisiana broker may cooperate with a broker from another state on sales within Louisiana if: One copy of the agreement between the brokers is sent to the Commission. 0000018812 00000 n Just before delivery, the stone is discovered to be a diamond worth $1,000\$ 1,000$1,000. Louisiana License Law - Test 5 a. acceptable since they may promote an offer from the buyer. \end{array} & \begin{array}{c} A) hired by the sales associate independently and not under the employ of the brokerage. Which of the following is a permitted discipline resulting from a violation of the Code of Ethics? Nearby land is being considered for a landfill c. in violation of license law and Commission Rules unless they have a comprehensive written agency policy. State the domain and range of each of the functions. What should A's salesperson say to the owner to get the listing? The Hearing Panel may not issue what type of sanctions? Using his best efforts to obtain the earned commission, the broker should A) the procuring cause of the sale. There are five major corporate real estate firms in the immediate DC industry; JLL, Cushman & Wakefield, Newmark, Savills Studley and Cresa (At a Glance). d. destruction of the listed property. x+T0t 40T043 After Broker E sells some of the lots, the landowner refuses to pay her a commission. d. advise the buyer, if in the agent's opinion, the listing price of a listed property is unrealistic. The listing firm appointing an agent to represent the seller 0000008042 00000 n (5) A transaction-broker has no duty to conduct an independent investigation of the buyer's or tenant's financial condition or to verify the accuracy or completeness of any statement made by the buyer or tenant. This would be considered as "general" marketing. Since the inception of the Code of Ethics, REALTORS have been required to _______. A REALTOR has the obligation to make reasonable efforts to determine whether a prospect is subject to a current, valid exclusive agreement to provide the same type of real estate service. We weren't able to detect the audio language on your flashcards. Upon execution of this Lease by disclose pertinent facts relevant to the transaction. Buyer agency has been created once the buyer consumer signs the acknowledgement panel. c. specify work hours and task requirements. Which law has a feature that commercial email messages must include a means by which the recipient can unsubscribe? DateMay1025June525July5Aug. K c. commission is paid by the seller. If a real estate licensee will be treated as an employee, the employing broker must do all the following EXCEPT Thirty tomato plants grown in similar conditions were subjected to various amounts of fertilizer over a four-month period, and then their heights were measured. d. The property was flooded during a hurricane. (VIII) Informing the parties that as seller and buyer or as landlord and tenant they shall not be vicariously liable for any acts of the transaction-broker; (c) To comply with all requirements of this article and any rules promulgated pursuant to this article; and. WebA broker lists a property for sale at $100,000 with a 5 percent commission, and he later obtains a verbal offer to purchase the property from a prospective buyer. endobj Broker While Article 3 of the Code of Ethics requires that REALTORS cooperate with other brokers, there is an exception when cooperation is not in the client's best interest. C) fax transmissions. d. all the above. Broker E tells the landowner that she can sell the lots. d. act as a facilitator rather than a fiduciary. expulsion from board membership for one to three years. xmOM@+sCjBzm!i ~} Broker John WebOf this amount, 5 percent is payable to the referral network that referred the buyer, 35 percent goes to the listing broker, and 60 percent belongs to the cooperating broker. A North Carolina provisional broker may accept compensation d. provide employee benefits. Brokerage