Question: Question 1 & Explain Answer Please On a listed property, a salesperson was told by the seller that the taxes on a home worth $135,000
Question 1 & Explain Answer Please
On a listed property, a salesperson was told by the seller that the taxes on a home worth $135,000 were $1,125 per year. The salesperson should
A - not disclose this information.
B - factor the taxes into the listing price.
C - present the information to the broker before including it on the listing sheet.
D - verify the information.
Question 2
The broker has been asked to write up a purchase agreement for a shopping center. The transaction will be very complex and detailed if accepted, so the first step is
A - to discourage the buyer from defaulting.
B - for the broker to write up a letter of intent or a binder.
C - to compensate the seller for taking the property off the market.
D - to cover any expenses the seller might incur if the buyer defaults.
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