In a state where joint tenancy is legal, how does the last living survivor hold title to the property?
A house was the scene of a drug arrest and a violent murder…
A house was the scene of a drug arrest and a violent murder last year. When it was listed on the market, many people considered it to be a
“Salesperson A has a 70/30 agreement for commission splits w…
“Salesperson A has a 70/30 agreement for commission splits with their Broker A. The salesperson receives 70%, while the broker retains the remaining 30%. Salesperson A lists a property for $500,000 with a 2.5% listing commission, and a concession offer of 2.5% for a cooperating broker that brings a qualified buyer to the deal. Salesperson B has a 60/40 split, respectively, with their Broker B. Salesperson B brings a qualified buyer to the deal, and the property closes for a sale price of $475,000. What will be Salesperson A’s income from this sale?”
A listing agent knew the septic system of a listed property…
A listing agent knew the septic system of a listed property needed to be repaired. The listing agent promised the seller to disclose the needed repairs to any prospective buyer who asked. However, none of the prospective buyers asked about the condition of the septic system. The listing agent
“In states where it is legal, a broker is permitted to repre…
“In states where it is legal, a broker is permitted to represent both the seller and the buyer in the same transaction when”
What kind of listing agreement is illegal in many states bec…
What kind of listing agreement is illegal in many states because of the potential for conflict of interest between a broker’s fiduciary responsibility to the seller and the broker’s profit motive?
“The commission on the sale of a property was $12,500, which…
“The commission on the sale of a property was $12,500, which was based on a 6% commission rate. What was the final selling price of the property? ”
“After a particularly challenging transaction finally closes…
“After a particularly challenging transaction finally closes, the client gives a sales associate a check for $500 “”for all your extra work.”” Which statement is accurate? ”
“A broker sold a residence for $356,000 and received $16,020…
“A broker sold a residence for $356,000 and received $16,020 in commission. What was the broker’s commission rate? ”
“There are five different brokerage signs in the front yard….
“There are five different brokerage signs in the front yard. Evidently, the seller has signed”