A licensed salesperson has an open listing with Sara and an exclusive listing with Kelley. One week after both listings expire, Sara and Kelley sell their homes to each other. With no more information available, the licensee would claim a commission from both parties.
Correct Answer:
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Q19: A broker has an exclusive right to
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
Q25: A written, exclusive right to sell listing
Q26: A real estate licensee draws $1,000 per
Q27: A real estate listing
A) is an employment
Q28: In an area where the multiple listing
Q29: Under the terms of an exclusive right
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