ContractsCâu 60 / 100
A net listing, which is discouraged or restricted in many states, is one where the broker's commission is:
a.A fixed percentage set by law
b.Always paid by the buyer
c.Any amount received above a price the seller specifies
d.Set at zero
Giải thích
In a net listing, the seller sets a net amount they must receive, and the broker keeps anything above that figure as commission. This creates a conflict of interest and potential for abuse, so many jurisdictions restrict or prohibit it. Brokers must always act in the seller's best interest.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An option contract gives the optionee:
- A listing agreement in which the broker earns a commission regardless of who sells the property, even the owner, is a(n):
- In an exclusive agency listing, the seller may avoid paying the broker's commission if:
- Specific performance is a legal remedy in which a court orders:
- The cancellation of a contract that returns the parties to their positions before it was formed is called:
- In many New York residential transactions, attorneys review and negotiate the contract of sale before it becomes binding during a period informally called:
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