Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should A. release the earnest money to the seller immediately. B. notify the buyer of the broker's intention to release the earnest money to the seller. C. release the earnest money on the buyer's verbal approval. D. refuse to release the earnest money. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file A. can be taken to the new firm so there is no interruption of service to the client. B. cannot be taken because it belongs to Broker A. C. should be turned into the MLS. D. should be given to the seller. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner? A. Upon execution of the listing agreement by all parties B. Within three days of execution of the listing agreement by registered mail, return-receipt-requested C. Within five business days of execution of the listing agreement D. At the time of presentation of a written offer Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In advertisements of individual salespersons, which of the following is permitted? A. Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad. B. Including reference to a home office. C. Placing the real estate office sign on a personal residence. D. Linking a personal real estate webpage to the salesperson's broker's website. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A buyer wants to place a $5,000 cash deposit on a property. The licensee to whom the payment is made MUST provide the buyer with a: A. list of options as to how the deposit may be paid B. specific bank office and the account number where the money will be deposited C. 1099 form confirming the transaction D. written receipt signed by the licensee Submit Answer