A property is not listed for sale. A person who wants the property executes an offer to purchase it through a real estate agent and gives the broker a $5,000 check as a deposit. The broker:
A) Can accept the check on behalf of the property owner provided he presents the offer directly to the seller as the seller's agent
B) Cannot accept the check
C) Can accept the check as the exclusive agent of the buyer
D) None of the above
Correct Answer:
Verified
Q9: Which of the following is true of
Q10: During Broker Shaw's preparation of the Exclusive
Q11: _ is the term applied to a
Q12: Which of the following is the classic
Q13: Which of the following is required in
Q15: You are selling the house you live
Q16: The liquidation of a financial obligation on
Q17: An oral or written agreement that is
Q18: An offer by one of the parties
Q19: The following could be used by the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents