C) REALTOR Howard has an exclusive representation agreement with a buyer. A. Jane. D. tell the Byers to call Sam to find out the nature and terms of any agreement they have with Sam. When a REALTOR only has a contract with a buyer; he is only permitted to collect a fee from the buyer. B. pay both Sherry and Vinod a full commission. Which of the following is not true regarding dual agency? B. As a general rule, dual agency is permissible. C) A net listing is illegal in all states. A) D. provide the basis for their opinion. If Jackie Knox, who owns property in Chicago, agrees to sell the needed land and the agent signs his name "Saul Arnold, agent for Walt Disney," _____. C) Katy could elect not to make any appointments. B) Did Antonio violate the Code? B. REALTOR Juan hosts several websites aimed toward different types of buyers. D. I will ask the selling REALTOR her opinion and get back to you., 109. A real estate professional's acting for both the buyer and the seller in the same transaction. In an arbitration dispute, the fact that Jim initially introduced Ken to the property favors Statements of opinion are permissible D) D. Yes, Marty should not have said anything to the other REALTOR and the seller at the closing. REALTOR Smitty has an exclusive listing on seller Teds house. D) prohibited in all states because a broker must always represent one party. D. do not have the option of arbitration through the local Association of REALTORS. REALTOR Marcy has listed Dereks home, thus creating an agency relationship in which she owes fiduciary duties to Derek. D. must arbitrate as he and Edward are both REALTORS. Broker Joann. The broker is guilty of negligent misrepresentation. Dual agency occurs when an agent is representing both the buyer and the seller. Click the card to flip . Special, Exaggerated statements about the property, Which of the following is considered lawful practice in real estate brokerage? C. Melanie must confirm that the agency relationship between the buyers and REALTOR Bill has terminated. B. advise Holly that Linda will only take listing price; since he is Lindas agent, he has the right to do so. Seller Sue says to REALTOR Bill one day, I will get half the money when we sell this house, wont I? Which response is correct? 147. C. You really need to consult with your attorney with questions of that nature. A) B. Olivia may ask her REALTOR principal to initiate litigation but she may not initiate litigation on her own. D. Yes, because REALTORS are prohibited from receiving compensation from more than one party. Required to disclose the information because it is a material fact important to the seller. "The size of the bedrooms makes them wonderfully cozy and perfect for your children." C) B) C. Price reductions just made on this beautiful Victorian. At 6 p.m. the same day, the agent receives two more offers. No, because REALTOR Katie is obviously clueless about how to price a property. A key element of an agent's fiduciary responsibility of loyalty is to A) reveal relevant information or material facts. A REALTOR principal receives an offer on one of her listings. A. consider how and when Amy entered the transaction. must promote and safeguard the seller's best interests. A young couple is looking for a new house. B) A sellers agent is expected to disclose information about material defects in the property to prospective buyers. both parties consent in writing to the dual agency. A) tell the seller that the defect must be repaired. If Jackie Knox, who owns property in Chicago, agrees to sell the needed land and the agent signs his name "Saul Arnold," _____. D. excellent location; walk to the bus stop.
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which statement is not true regarding dual agency?