A broker has an exclusive right to sell listing with the sellers. The broker brings an offer to buy at the seller's asking price and terms from a capable buyer. At what point has the broker earned her commission?
A) At the close of escrow
B) Upon presentation of the offer
C) Upon acceptance of the offer
D) Upon qualification of the buyer
Correct Answer:
Verified
Q14: The broker is helping the home buyer
Q15: A residence was listed at $100,000 and
Q16: A listing agreement authorizes the broker to
A)
Q17: A licensed real estate salesperson can accept
Q18: A broker lists a property and gets
Q20: Broker Billy secured a written listing from
Q21: The broker/manager receives 45% of the commissions
Q22: Under an exclusive authority to purchase agreement,
Q23: A properly signed multiple listing agreement is
Q24: A licensed salesperson has an open listing
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