Can salespersons act as intermediaries

Assignment Help Marketing Management

Reference no: EM133838911

Questions:

1. Explain how a typical intermediary relationship is created and how it would operate

2. If a salesperson or associated broker lists a property and has also been working with a prospective buyer under a representation agreement, how can the salesperson or associated broker sell this listing under the Representation Provisions?

3. Can salespersons act as intermediaries?

4. May the same salesperson be appointed by the intermediary to work with both parties in the same transaction?

5. What is the difference between an appointed licensee working with a party and a licensee associated with the intermediary who has not been appointed to work with one party?

6. What are the agency disclosure requirements for real estate licensees?

7. Are licensees required to provide parties with written information relating to agency?

8. Are there exceptions when the statutory statement is not required?

9. What are the penalties for licensees who fail to comply with the Representation Provisions?

10. Is the licensee required under any circumstance to provide the written statement to buyer prospects at properties held open for prospective buyers?

Reference no: EM133838911

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