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11 Cards in this Set
- Front
- Back
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Prepare a list of five possible objections an owner might raise to Signing a listing |
We are just looking right now our credit isn’t good enough our friend is a realtor we are just starting to look we have to sell our house first we are ready to work with an agent yet would you be willing to reduce your commission |
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A valid exclusive listing requires |
A lawful purpose mutual consent consideration all of the above |
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An agent sold a property where the owner had verbally agreed to pay a commission the agent will be legally entitled to a commission from the owner for sale if the agent had |
Relied on the verbal promise made a written memorandum of the agreement signed by the agent obtained a valid buyer listing agreement the answer is none of these It would have to be a valid listing agreement signed |
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Which listing would you be least likely to advertise |
An open listing |
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A listing under which the owner can sell the listed property without payment of a commission but the agent is never the less an exclusive agent is a |
Exclusive agency listing |
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An agent who did not obtain a purchase offer but who initiated an uninterrupted chain of events that led to a sale would be considered the |
Procuring cause |
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An exclusive right to sell listing likely includes |
An agency relationship disclosure An attorney fee provision An arbitration agreement all of the above |
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All of the following statements regarding an exclusive right to sell listing are true |
Escrow does not have to close for an agent to be entitled to a commission It must have a termination date for the agent to be able to collect a commission The agent must give the owner a copy of the listing when the owner signs |
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The type of listing that has the greatest likelihood of resulting in a sale would be a |
Exclusive right to sell listing |
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An owner tells you that the agent Jones told her she could get far more for her home then your CMA indicates what is your best response |
I think my comparative market analysis covers all recent comparables and clearly shows the market value May I please look at the comparative market analysis the agent Jones prepared for you |
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By taking a listing at a low fee that will result in less than normal fee for any cooperative brokers you are benefiting |
Literally I’m not benefiting anyone it will takeLonger to sell other agents won’t want to sell the property because it’s low commission it’s a race to the bottom |
