Psi 2024 made by me Flashcards

Psi 2024 made by me Flashcards

• Must make a diligent attempt to sell or lease the propertyA broker who enters into an exclusive agency listing

contracta. Is guaranteed a commissionb. Must split his or her commissionc. Must make a diligent attempt to sell or lease the propertyd. Has violated the law

• The name of the real estate broker she is affiliated withA salesperson sends out an email to all the parents in her

daughter's first-grade class, informing them that she is a real estate agent and providing them with pictures of houses that she has currently listed. In this email, the salesperson is legally required to also includea. The name of the real estate broker she is affiliated withb. Listing prices of the propertiesc. The last date when the property information was updatedd. None of these because a simple email such as this is not considered advertising

• Update the listing information at least every 72 hoursBob Broker has obtained permission from Sonjay Broker

and Ken Broker to advertise Sonjay's and Ken's listings on his office website. Bob Broker now has an obligation toa.Obtain the seller's permission for such advertiseb.Advertise Sonjay's and Ken's listings on the first page of the internet sitec. Include Sonjay's and Ken's name and email addresses under the listing informationd. Update the listing information at least every 72 hours

• Negotiate between the seller or the buyer and the brokerIn Connecticut, real estate commission and compensation

area. Set by lawb. Set by the Real Estate Commissionc.Determined by local groups of brokersd. Negotiate between the seller or the buyer and the broker

• No, a salesperson can never advertise listed property

under his or her name Can a salesperson advertise property listed with his or her brokerage firm in his or her own name?a. Yes, the salesperson can, as long as it is that salesperson's listingb.Yes, the salesperson can, as long as the salesperson is affiliated with the brokerage firmc. No, a salesperson can never advertise listed property under his or her named. No, a salesperson cannot advertise

• Must be in writing to be enforceableBuyer-brokerage contracts in Connecticuta. Must be in

writing to be enforceableb. Must be on specific formsc. Are not regulated under the license lawsd. Are illegal

• IllegalIn Connecticut a net listing isa. Based on a set rate of

commissionb. Similar to an open listingc. Commond. Illegal

• Obtain the consent of the owner of the propertyA broker who wishes to place a For Sale sign on a listed

property must firsta. Obtain the consent of the owner of the propertyb. Sell the propertyc. List the propertyd. Get Connecticut law changed to permit For Sale signs on

properties

• Must be indicated as such in the buyer agency

agreements In Connecticut, an exclusive right-to-buy contracta. Is illegalb. Is equivalent to a listing agreementc. Requires the signature of the principal onlyd. Must be indicated as such

in the buyer agency agreements

• Prequalify Betty for a mortgageBetty Buyer contacts Hartfield Realty and is interested in

potentially purchasing a home in the Hartfield area. Without entering into a buyer agency relationship with Betty, a salesperson from Hartfield Realty can do all of the following for her EXCEPTa. Prequalify Betty for a mortgageb. Give Betty information on mortgage interest rates and termsc.Give Betty information on properties for sale in Hartfieldd.Explain to Betty about buyer agency, seller agency and dual agency

• The salesperson provides Betty with an Agency

Disclosure Notice, stating that Hartfield Realty represents the seller.Betty is interested in seeing a house listed with Hartfield Realty but does not wish to enter into a buyer agency agreement with Hartfield Realty. A salesperson from Hartfield Realty can show Betty an in-house listing ifa. The salesperson obtains the seller's permissionb. Betty verbally agrees to buyer agencyc. The salesperson provides Betty with an Agency Disclosure Notice, stating that Hartfield Realty represents the seller.d. The salesperson provides Betty with a Dual Agency Consent Form