School Of Real Estate State Exam Latest Exam 18 Question And Answer/ Cognitive Academic Language Proficiency Exam (Verified Answers)

Open Listing {Ans: Gives the Seller the right to list the property with multiple competing brokers and to sell the property personally without liability for payment of a commission.}Exclusive Agency {Ans: The Seller agrees to list the property with only one broker during the listing term; with the provision that the Seller can sell the property himself or herself, without payment of a commission.}Same as "a" plus civil suite for damages {Ans: What are the penalties for practicing an act of brokerage without a license}40 hours {Ans: In order to be certified as a mediator for the Texas Real Estate Commission, an individual must complete a course in Alternative Dispute Resolution (ADR). This course is:}Property acquired by husband and wife after marriage with labor {Ans: Which of the following is considered community property?}Multiple Listing Services (MLS) {Ans: The exclusive right to sell and exclusive agency listing agreements usually call for the broker to place the listing into one or more _____}