Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
30 Cards in this Set
- Front
- Back
|
150,000 net 6.5% commission 1,200 expenses |
$161,711.20 |
|
|
208,500 5% commission selling broker 60% listing what's the received Balance |
$4,170 |
|
|
188,000 net. commission was 11,280 what was the percentage |
6% |
|
|
sellers disclosure act apply |
3 unit |
|
|
first document home built in 1921 |
consumer notice |
|
|
written agreement broker + client |
exclusive buyer agency |
|
|
comperative market analysis |
help seller price property |
|
|
open listing vs exclusive agency listing |
under both avoid paying broker |
|
|
fiduciary |
client |
|
|
exclusive right to sell listing sold to neighbor |
full commission |
|
|
provisions found in listing agreement except |
monthly utility bills |
|
|
similarity between exclusive agency vs right to sell |
both give responsibility to only one broker |
|
|
broker to client |
fiduciary |
|
|
listing R.E. salesperson |
broker |
|
|
equitable title |
signed by both buyer and seller |
|
|
buyer promises to purchase |
contingency |
|
|
installment contract |
acquires equitable title |
|
|
when should estimated closing costs |
prior to signature |
|
|
broker cannot locate seller. receives higher offer |
present both offers |
|
|
water leaks |
defect must be disclosed |
|
|
house is haunted |
air condition only |
|
|
minority clients |
illegal |
|
|
mortgage loan for 5.5 % or less |
contingency |
|
|
listed price should be based on |
what seller chooses |
|
|
6 weeks full price pay cash |
owe commission to the broker |
|
|
parties listing contract |
seller + broker |
|
|
option to purchase bind |
the seller |
|
|
buyer offers in writing Thursday |
not bound to buy |
|
|
agreement to sell must contain all except |
rate of commission |
|
|
river view |
puffing |
