Question: 1. A typical listing agreement does NOT authorize the broker to: a. accept an offer to purchase the property b.submit offers to purchase the property
1. A typical listing agreement does NOT authorize the broker to:
| a. | accept an offer to purchase the property |
| b.submit offers to purchase the property |
| c. accept earnest money deposits from prospective buyers on behalf of the seller |
| d.act as the sellers agent |
2.When a listing agent transfers to another brokerage:
| a. the agent automatically takes his/her listings |
| b.the listings remain with the broker since the listing agreement is a contract between the seller and the broker |
| c.the listing agent is entitled to a referral fee, if the listing sells after the transfer |
| d.None of the above |
3.When taking a listing, the agent should:
| a. let the seller know what to expect regarding open houses, signs, and the escrow process |
| b.give instructions on preparing the house for sale |
| c. explain how the keybox works |
| d.All of the above |
4.What type of information is conveyed in a weekly activity report?
| a.Inquiries regarding the property |
| b.Advertising for the listing |
| c.Summary of showings and open houses |
| d.All of the above |
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