Interest earned on an escrow account is O A. payable to the broker holding the deposit. O B. equally divided between the buyer and seller. C. equally divided between the listing and selling brokers. D. payable subject to an agreement between the parties.
Interest earned on an escrow account is O A. payable to the broker holding the deposit. O B. equally divided between the buyer and seller. C. equally divided between the listing and selling brokers. D. payable subject to an agreement between the parties.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Interest earned on an escrow account is
A. payable to the broker holding the deposit.
B. equally divided between the buyer and seller.
C. equally divided between the listing and selling brokers.
D. payable subject to an agreement between the parties.
A salesperson can only place a "For Sale" sign on a property when she
O A. has submitted the listing to the MLS.
is the listing salesperson.
В.
C.
has the written permission of all involved brokers.
O D. has authorization from the owner.
A listing agreement must contain all of the following EXCEPT
O A.
a description of the services to be provided.
В.
the duration of the listing.
C.
the broker's license number.
D.
the broker's compensation.
PSI
A listing salesperson receives an offer written by a salesperson from another firm. The offer is poorty written and not as detaled as the typical offer. What
should the listing salesperson do?
O A. Reject the offer.
O B.
Return the offer to the other salesperson and suggest that he rewrite it.
OC.
Inform the seller of the offer and advise the seller against having it presented.
O D. Present the offer to the seller.
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