Ncrel Post Licensing 301 Broker Relationships And Responsibilities 34 Correctly Answered Questions Latest Update

When performing a CMA and advising a client of the property's probable selling price, the licensee should give the greatest weight to which? {Ans: The property with the fewest adjustments}A broker protection agreement allows what? {Ans: the agent to show listed property to only particular people and get paid if they buy.}During a pre-listing meeting with a seller, how should you start preparing the seller's property disclosure form? {Ans: You should never fill out the property disclosure form for your seller.}When a firm offers to cooperate with other firms and brokers in the sale of it's listing, the listing firm may? {Ans: Offer various rates of commissions on various listings such as 2.1%, 3.9% and bonuses on the sale of some but not others}Is it true that a listing agreement which specifies a definitive employment period, the owner has no legal right to terminate the contract unless the agent has breached the agreement {Ans: True}If a firm practices designated agency, for any of the firm's transactions involving designated agency, when must a broker representing the seller discuss and disclose to the seller, the name of the buyer's agent? {Ans: No later than presentation of