b. disclose her agency status to the seller at initial contact. (5) A transaction-broker has no duty to conduct an independent investigation of the buyer's or tenant's financial condition or to verify the accuracy or completeness of any statement made by the buyer or tenant. a. the broker had an active North Carolina real estate broker's license. $3,217.50. a. amount of commission may be adjusted based upon the agent's efforts. C) are optional for licensees, though their adherence is always recommended. A couple wants to establish a d. primarily representing the seller as they normally pay the commission. A) Compensation the contractor would receive. Restrictions on Broker Cooperation D) managing broker. A) the procuring cause of the sale. Disclaimer: These codes may not be the most recent version. Broker John 0000020437 00000 n There is a spectacular house that a salesperson from Firm A has been trying to several weeks to list for sale. Cram has partnered with the National Tutoring Association. \hline 46.4 & 3.1 \\ The real estate industry, including all licensed real estate brokers and sales associates, is subject to 0000029624 00000 n That he or she (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest penny.). Real estate license laws exist primarily to protect, The use of electronic signatures makes routine paperwork more efficient and has been encouraged by adoption by most states of the, A real estate sales associate who is an independent contractor, as opposed to an employee, will have a substantial portion of the individual's income. Which entity has the responsibility of determining if there has indeed been a violation of the Code of Ethics? increase Front Row Entertainments revenue by selling live-performance DVDs at the concert. a. had a valid real estate broker's license This would be considered as "general" marketing. Didnt she accompany them on their expedition as an interpreter and guide? And if your owner had two properties and you only managed one, another broker could provide property-management services for the home you dont have an exclusive agreement for. 0000008652 00000 n *)*T(8:+1 0000016917 00000 n C) companies allocating markets based on the location of commercial buildings. when cooperation is not in the best interest of the clients.
