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Which statement is true about the agency relationship established by the brokerage engagement contract?
Which statement is TRUE about the agency relationship established by the brokerage engagement contract? The relationship is one of limited agency between the broker and the client.
What is a brokerage relationship disclosure?
Upon having a substantive discussion about a specific property or properties with an actual or prospective buyer or seller who is not the client of the licensee and who is not represented by another licensee, a licensee shall disclose any broker relationship the licensee has with another party to the transaction.
Which of the following are Brreta facts that apply to the liability of brokers engaged by landlords?
Which of the following are BRRETA facts that apply to the liability of brokers engaged by landlords? BRRETA does NOT create any duty on the part of a landlord's broker to discover adverse material facts pertaining to the physical condition of the property or existing adverse conditions in the immediate neighborhood.
What is a brokerage relationship disclosure?
Upon having a substantive discussion about a specific property or properties with an actual or prospective buyer or seller who is not the client of the licensee and who is not represented by another licensee, a licensee shall disclose any broker relationship the licensee has with another party to the transaction.
What terminates a brokerage relationship?
Discharged by Principal They are the party who hired the broker to sell their property. If the principal/client decides they no longer want the broker to represent them, they can terminate them. However, they may be liable to the broker for certain expenses, such as advertising expenses.
Related Searches
aspects of brokerage engagement requirements includewith regard to the termination of brokerage engagements, brretaunder brreta statutes, a broker engaged by a landlordbretta real estate georgiacompensation paid to the broker in a real estate transactionwhich of the following are duties owed by the broker after completion of the engagement?nar broker engagement councilnar broker engagement grant
A brokerage engagement is the agency relationship between the broker and the client, and MUST be created by a written contract, fully set forth their terms, and have a definite expiration date.
Which of the following must a written brokerage engagement have?
A brokerage engagement is the agency relationship between the broker and the client, and MUST be created by a written contract, fully set forth their terms, and have a definite expiration date.
Which of the following are duties owed by the broker after completion of the engagement?
Which of the following are duties owed by the broker after completion of the engagement? keep all buyer requested information confidential during the engagement period. Which of the following duties are associated with a transaction broker? must make disclosures to all involved parties in a timely manner.
What is a brokerage engagement?
(4) "Brokerage engagement" means a written contract wherein the seller, buyer, landlord, or tenant becomes the client of the broker and promises to pay the broker a valuable consideration or agrees that the broker may receive a valuable consideration from another in consideration of the broker producing a seller, buyer ...
What is a brokerage engagement?
(4) "Brokerage engagement" means a written contract wherein the seller, buyer, landlord, or tenant becomes the client of the broker and promises to pay the broker a valuable consideration or agrees that the broker may receive a valuable consideration from another in consideration of the broker producing a seller, buyer ...
Related links
Chapter 520-1 LICENSURE AND BROKERAGE - GA - GAC
(d), "Brokerage engagement" means a written contract wherein the seller, buyer, landlord, or tenant becomes the client of the broker and promises to pay the ...
Ga. Comp. R. & Regs. R. 520-1-.06 - Brokerage Relationships
(1) Brokerage Engagements. (a) Each exclusive brokerage agreement must fully set forth its terms and have a definite expiration date. (b) At the time ...
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