A 'For Sale by Owner' property owner has offered a flat fee to any licensee who procures a buyer. Th...

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A 'For Sale by Owner' property owner has offered a flat fee to any licensee who procures a buyer. The owner's terms specify that 50% of the fee is payable upon contract acceptance, with the other 50% payable upon transfer of title. A CORRECT statement about this arrangement is that it is

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acceptable if the fee is paid to the employing broker

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acceptable if the fee does not exceed the prevailing commission rate

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in violation of license law since all compensation must be paid at closing

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in violation of license law since compensation for real estate sales can come only from listed properties

A 'For Sale by Owner' property owner has offered a flat fee to any licensee who procures a buyer. The owner's terms specify that 50% of the fee is payable upon contract acceptance, with the other 50% payable upon transfer of title. A CORRECT statement about this arrangement is that it is

Acceptable if the fee is paid to the employing broker.

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A 'For Sale by Owner' property owner has offered a flat fee to any licensee who procures a buyer. The owner's terms specify that 50% of the fee is payable upon contract acceptance, with the other 50% payable upon transfer of title. A CORRECT statement about this arrangement is that it is

Acceptable if the fee is paid to the employing broker.

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