a. Salespeople will not show Firm Bs listings because of their commission fees. b. Most brokers in the area charge a standard rate of commission, including Firm A d. BROKERS We'll bring you back here when you are done. WebIn order for a broker to be paid on an open listing, the broker must A) put the property in MLS and offer other brokers a co-op. a. pro forma. C) companies allocating markets based on the location of commercial buildings. c. private offering. \text {d.}& 8 & \text { Paper gift bags } & 3.89\\ a. licensees have no duty to search for undisclosed latent material defects in a property x+T0t 40T0430Q(JUHSTPpuVpb 0000024574 00000 n D) can be modified, if necessary, to insure compliance by large real estate firms. c. is representing the condominium association. Suspension or termination of MLS privileges. b. an employee. To be entitled to collect a real estate commission, a North Carolina broker must meet all of the following criteria EXCEPT {u-07/89x{+a_-"ME\058|?L}m,1{4?jmUb08epE* Broker Brokerage d. building with synthetic stucco siding. (d) To comply with any applicable federal, state, or local laws, rules, regulations, or ordinances including fair housing and civil rights statutes or regulations. c. in violation of license law and Commission Rules unless they have a comprehensive written agency policy. The licensee in this transaction, b. acts on behalf of the sponsoring broker, Unless some other written agreement has been made, the broker will usually receive the sales commission when. This would be considered as "general" marketing. HousekeepingserviceUtilitiesAmenitiesHoteldepreciationHotelstaff(excludinghousekeeping)TotalCostperRoomNight$23735542$130. \text{e.}& 4 & \text{Boxes of cold tablets} & 4.29\\ b. is acting on behalf of the brokerage firm, the seller's agent. 0000012652 00000 n It can be used to enforce licensing laws. On a cooperative sale; all written offers should: Be presented to the owner by the listing agent On all sales; all written offers should be presented: Immediately c. no commission. 0000004644 00000 n Assuming that the listing broker and selling broker split their commission from a transaction equally, what was the sales price of the property if the commission rate was 6.5% and the listing broker received $12,593.50? REALTOR , at its discretion, may cooperate with other brokers and their agents to procure a Buyer or Tenant, and, accordingly, Owner authorizes REALTOR at its discretion to offer compensation to cooperating brokers, agents and subagents, if permissible under applicable state law. 0000024403 00000 n B) junior licensee. Cram has partnered with the National Tutoring Association. d. act as a facilitator rather than a fiduciary. A) $193,746 B) $256,200 C) $387,492 D) $139,900, All of the following are pro hibited under the antitrust laws except A) real estate companies agreeing not to cooperate with a broker because of the fees that the broker charges B) competing brokers allocating markets based on the value of homes C) competing property management companies agreeing to standardized management fees D) a broker setting a company commission schedule, In order for a broker to be paid on an open listing, the broker must A) be the procuring cause of the sale B) split the commission with any other broker that listed the property C) put the property in MLS and offer other brokers a co-op D) notify all other listing brokers if they have an offer, Commissions are negotiable A) unless representing a buyer, when the listing broker offers co-op B) when using an exclusive listing agreement, but not an open listing C) in all causes D) unless the exclusive agency listing is used, because the seller can compete with the broker, Do-not-call registries and law s such as the Telephone Consumer Protection Act, Junk Fax Prevention Act, and rules of the Federal Communications Commission dictate A) how often a business person can contract a customer B) prohibited communications C) how many direct mail solicitations can e sent to a single address D) communications that are permitted, A licensed real estate salesperson has a written contract with his broker specifying that he will not be treated as an employee.

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