You are being interviewed as a real estate agent for a couple selling their home. They ask
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Question:
You are being interviewed as a real estate agent for a couple selling their home. They ask you the following questions. How would you respond?
What types of listing agreements are available, and which one do you recommend that will not require a commission to be paid if we find our own buyer?
Explain the agent's principle duties to us regarding care, loyalty, obedience, and accountability and the agent's duty relating to the collection and holding of the earnest money.
Once we accept an offer, is there any way a buyer may terminate it? If done so unlawfully, what remedies are available to us?
What kind of agency agreement would allow you, the listing agent, to represent both the seller and the buyer; and why would we agree to this?
Expert Answer:
A There are a few different types of listing agreements available including exclusive righttosell agreements exclusive agency agreements and open list... View the full answer
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