Real Estate Law 25

admin 2019.05.07 12:25 Views : 222

Check Your Understanding Answers

  1. What is the broker’s responsibility to a client?

    The broker is responsible for meeting the needs of the client above the needs of everyone else, including him or herself.
     
  2. What is a licensee’s responsibility to a client?

    Since the licensee is representing the broker, he or she has the same responsibility to the client that the broker does. 
     
  3. What types of things is a broker NOT authorized to do for a client?

    The broker does not have the authority to do certain things such as:
    • Accepting an offer on a listing even if it is for the full purchase price. Only the owner can decide whether or not to accept an offer
    • Allowing the buyer to move into the property before the closing without the owner’s permission
    • Proposing an offer on a property on behalf of a buyer client without the client’s permission
       
  4. Under what conditions might a broker be responsible for something someone else in a transaction stated to a client or customer?

    The broker would be responsible for that information if he or she should have known the information because a reasonable person would have known it.
No. Subject Author Date Views
242 Real Estate Law 34 admin 2019.05.08 53840
241 Real Estate Law 33 admin 2019.05.08 220
240 Real Estate Law 32 admin 2019.05.08 245
239 Real Estate Law 31 admin 2019.05.08 16526
238 Performance and Forbearance / Default and Breach admin 2019.05.08 878
237 Real Estate Law 30 admin 2019.05.07 244
236 Quiz 5 admin 2019.05.07 12193
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234 Real Estate Law 28 admin 2019.05.07 228
233 Real Estate Law 27 admin 2019.05.07 234
232 Real Estate Law 26 admin 2019.05.07 236
» Real Estate Law 25 admin 2019.05.07 222
230 Real Estate Law 24 admin 2019.05.07 230
229 Real Estate Law 23 admin 2019.05.07 226
228 Real Estate Law 22 admin 2019.05.07 220
227 Quiz 4 admin 2019.05.06 9006
226 Real Estate Law 21 admin 2019.05.06 233
225 Real Estate Law 20 admin 2019.05.06 284
224 Real Estate Law 19 admin 2019.05.06 229
223 Real Estate Law 18 admin 2019.05.06 246