Broker earns fee under safety clause when

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Reference no: EM132183632

1. A broker earns a fee under a safety clause when:

a) property information is provided to prospective buyers by the seller's agent during the listing period.

b) the seller is notified of the identification of the prospective buyers as soon as possible after termination of the listing.

c) the property is acquired by a prospective buyer disclosed on the list as a result of negotiations conducted during the safety period.

d) All of the above.

2. The amount of the broker fee sought by a seller's agent on a property is implicitly related to:

a) when escrow closes.

b) how long the agent has been employed by the broker.

c) the time and effort the agent spent servicing the listing.

d) the seller's tax benefits obtained on the sale.

3. A Statement of Account for trust funds needs to include:

a) the amount of each disbursement of funds from the trust account.

b) an attached copy of any advertisements paid for from the advance cost deposit.

c) Both a and b.

d) Neither a nor b.

4. "For Sale" signs posted outside of a mobilehome can be of a(n) _________ design and need to face the street, but cannot extend into the street.

a) A-frame

b) L-frame

c) I-frame

d) Any of the above.

5. The legal basis for a broker's recovery against a seller for intentional interference with the payment of a fee is a:

a) contract law theory.

b) tort law theory.

c) Both a and b.

d) Neither a nor b.

Reference no: EM132183632

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