Question: Question 1 & Explain Answer Please Fred is a licensee at ABC Realty and he has a listing to sell 123 Main Street. The listing
Question 1 & Explain Answer Please
Fred is a licensee at ABC Realty and he has a listing to sell 123 Main Street. The listing will not expire for 70 more days. If Fred decides to move his license to QRS Really, what is the status of the listing?
A - Fred cannot qualify for any part of the commission even if Fred finds a buyer who purchases 123 Main Street during the listing period.
B - It is Fred's listing so he will automatically get the listing commission when the property sells
regardless of the change of brokerage companies.
C - Fred can inform both the seller and the principal broker of ABC Realty that he is moving the listing to QRS Realty and continue to market the property.
D - The listing belongs to the firm, ABC Realty, and the rights to a commission if the property sells during the listing will be determined by the policies of ABC Realty.
Question 2
A broker has noticed that a great number of people who are buying in the neighborhood where his listing is located speak Russian. He also noted that an attractive feature of the neighborhood seems to be the large Russian grocery store. He decides to reduce advertisements for the property in the city newspaper and to advertise the property on two different Russian internet sites instead. This is
A - acceptable because internet advertisements are unregulated.
B - unacceptable because of its discriminatory nature.
C - acceptable if the advertisement includes no preferential language.
D - unacceptable as it is an example of the illegal practice of steering.
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