Question: A broker agrees to represent a buyer in purchasing a home, and a contract is signed. Is this an apprapriate aragement? A Yes, because a

A broker agrees to represent a buyer in purchasing a home, and a contract is signed. Is this an apprapriate aragement?
A Yes, because a broker may represent any principal party in a transaction.
B. Yes, but only if the buyer is responsible for paying the broker.
C. Yes, but only if the broker is not participating in the MLS.
D. No, because the laws of agency dictate that the broker always represents the seller.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Obtain the node-voltage equations for the circuit in Fig. 3.111 by inspection. Then solve for Vo. Figure 3.111 For Prob. 3.67. 2 A 4 2 4 A 5 3 Vo 10

Q:

A broker agrees to represents a buyer in purchasing a home, and a contract is signed. Is this an appropriate arrangement? A. Yes because a broker may represent any principal party in a transaction B....

Q:

101. A principal broker agrees to represent a buyer in purchasing a home, and a contract is signed. Is this an appropriate arrangement? A: Yes B: Yes, but only if the buyer is responsible for paying...

Q:

A principal broker agrees to represent a buyer in purchasing a home, and a contract is signed. Is this an appropriate arrangement? A: Yes B: Yes, but only if the buyer is responsible for paying the...

Q:

Licensee Lee is working with a party of a real estate transaction in a no broker relationship role. In this role, Lee owes certain duties to the customer. Which is NOT one? (a) Dealing honestly and...

Q:

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Question 1 1 pts A broker brings his seller an offer from a potential buyer. If the seller asks about the buyer's race, the broker: Group of answer choices must disclose this information to the...

Q:

Download the Exclusive Agency Agreement (pics1-8) and the Managing Agency Agreement (9-11). Complete the documentation using the details provided and upload BOTH forms to the upload box below. Sales...

Q:

Why is agency law especially important in the business and government context? What are the five types of agents? What distinguishes an employee from an independent contractor? Why do employers...

Q:

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

How can you fill out this purchase agreement? Fill out hypothetical purchase contract Nebraska Purchase Agreement Typed.docx Download Nebraska Purchase Agreement Typed.docx using data and information...

Q:

Assume you have an idea for a new e-commerce small business start-up and want to build a web site for it. You start your job and answer the following questions: What is the best possible web building...

Q:

A 7.7-μF capacitor is charged by a 125-V battery (Fig. 17-29a) and then is disconnected from the battery. When this capacitor (C1) is then connected (Fig. 17-29b) to a second (initially uncharged)...

Q:

5. The volume of a square pyramid with a height of 12 m is 100 m. Find the length of its square base.

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...