92. B. like the United States Constitution and Bill of Rights, fairly immutable. An agent can personally usurp an opportunity that belongs to the principal. An agreement that is specific in its terms and conditions is considered D. has not obtained informed consent from the buyers to be obligated to pay two commissions. C) A. gain consent to advertise Tricias property as having an anxious owner who wants an offer B. A. If REALTOR Shelley wishes to file an arbitration request, against whom does she file it? After the closing, Dan expressed his confusion because he thought Donna was representing him in the sale. Licensees in both brokerages are REALTORS. Exclusive neighborhood community with a Tier 1 golf club A REALTOR may tell prospective clients not to list with REALTORS offering flat-rate commissions. Do not show percentages for the fixed expenses. A) A broker acting for both parties in the same transaction, B) A broker representing more than one principal, C) A broker listing a property and then, after it is relisted with another broker, selling the same property, D) Two brokerage companies cooperating with each other, The laws enacted by a legislature make up, The relationship of broker to client in an agency relationship is that of. D. contact Linda to let her know there is an offer. 134. must promote and safeguard the seller's best interests. B. C) both the buyer and the seller are customers. EXPLANTION: At least one party must be a REALTOR in order to go through the arbitration process. Disney employs Saul Arnold as an agent to work on its behalf to acquire the needed property. Eddie suggests taking the matter to arbitration. D. Yes, because she does not have permission from REALTOR Katie. C. other REALTORS. B. include persons of only one race to show the demographics of that neighborhood. statutory law. 43. No, Martys daughter and the seller were in mutual agreement with the stipulations of the sale. being primarily responsible to the customer. 46. Article 1Be honest A. bait and switch. Past correlation of US REIT returns (over the last 20+ years) tends to indicate which The Minevik Group is a Swedish-based, high-technology engineering firm. C. a violation of Code as Lynn cannot attempt to obtain future business with Terrys client at this point. The buyers agent and the sellers agent work for the same company as designated agents. Identify which statement regarding this situation is TRUE. D. comparative financial analysis. C. more compelling than any efforts made after the open house by Paul and it favors Roger. D. set up an appointment with the title company. A. Olivia can take no action since Jon is the principal broker at his agency; his title gives him seniority in this situation. environmental hazards. What fiduciary duty did the buyer's agent violate? B) there is a client-buyer and a customer-seller. A. may ask the local Association of REALTORS to provide them with a free mediator. A. all lawful instructions of the owner. ____ agency occurs when an agent acts for two or more different principals in the same transaction. C. You really need to consult with your attorney with questions of that nature. A) D) an undisclosed dual agency. B) Implied "I think these low doorways are a charming part of the Cape Cod style." a criminal registry that is maintained by state real estate offices. Broker Steve files an arbitration request against Broker Deb. D. The buyer sought another broker in order to get a lower price. A. Loretta may insist that all buyers and sellers use the auxiliary services provided by her company. D. the same as if Roger had found the buyer independently and shown the property by appointment; it favors Roger. A. instruct her seller to pay a bonus commission directly to REALTOR John. In a real estate brokerage, I know Bill, and hes got a reputation for only working hard on his million-dollar listings. A. A. proof of clear title on the property B. aggressive, but ethical marketing efforts. D. excellent location; walk to the bus stop. d. negligent. REALTOR Bill is representing sellers Sue and Sam, who are divorcing. Agents are prohibited from using general information, knowledge, or experience acquired during the course of an agency in later employment. Under the _____ rule, a principal is generally _____ for injuries caused by its agents and employees while they are on their way to or from work. Rather than purchase new equipment, the marketing manager argues that the companys marketing strategy should be changed. A) A. C. remove the comment immediately. B. not a violation of the Code as REALTOR Terry doesnt know any agents in Hawaii. A. have the opinion verified by an appraiser. honest and fair dealing. Which of these items is NOT required to be provided with the opinion of value? Bettys answer should be D) Jennifer rejects the offer. B. are going to need to put this decision in writing to the Board of REALTORS. C. litigate any differences. Show an Amount column, a Per Unit column, and a Percent column on each statement. REALTOR Marys next step should be to Every state now requires PRINCIPAL QUIZ 5: AGENCY RELATIONSHIPS Flashcards | Quizlet the common law. Chapter 30. administrative law. B. may ask the local Association of REALTORS to arbitrate it. 117. B. Select the statement that is considered practicing law and should be avoided. C. ask REALTOR Craig to increase the commission. 58. D. Melanie should not solicit a buyer agreement with these buyers. B) The agent tells a buyer the seller will accept up to $5,000 less than the list price. Qaadir hires Zaafir, a lawyer and an independent contractor, to represent him in a court case. The broker is obligated to render loyalty to the seller. Being primarily responsible to the customer. C. obedience to the inspector. D) Jun 5, 2022. universal agency. It may not be superseded by statutory law.