Real Estate Law 27

admin 2019.05.07 12:50 Views : 234

Check Your Understanding Answers

  1. What is a customer?

    A customer is someone the licensee is not representing. 
     
  2. What can a licensee not provide to a customer?

    Advice and counsel
     
  3. What is a material fact?

    A material fact is anything that a customer may not be able to discover on his or her own that would change the customer’s approach on whether or not to continue with the transaction. 
     
  4. Why should a customer be told to be careful what he or she says around the listing agent?

    Because the seller will be told information that could enhance the seller’s negotiating position. 
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