When a listing agent transfers to another brokerage

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Reference no: EM131546509

1. A typical listing agreement does NOT authorize the broker to:

a. accept an offer to purchase the property

b. submit offers to purchase the property

c. accept earnest money deposits from prospective buyers on behalf of the seller

d. act as the seller’s agent

2. When a listing agent transfers to another brokerage:

a. the agent automatically takes his/her listings

b. the listings remain with the broker since the listing agreement is a contract between the seller and the broker

c. the listing agent is entitled to a referral fee, if the listing sells after the transfer

d. None of the above

3. When taking a listing, the agent should:

a. let the seller know what to expect regarding open houses, signs, and the escrow process

b. give instructions on preparing the house for sale

c. explain how the keybox works

d. All of the above

4. What type of information is conveyed in a weekly activity report?

a. Inquiries regarding the property

b. Advertising for the listing

c. Summary of showings and open houses

d. All of the above

Reference no: EM131546509

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