The seller's agent has certain duties to the client-principal. Duties of the principal include cooperating with the agent but being able to limit the availability of the property for showings. compensating the agent but only if an offer at the full listing price is received. suggesting marketing strategies to the agent. Odealing with the agent in good faith.
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- The principle from the case of Partridge v Crittenden is: Select one: a. Advertisements in a magazine can be accepted b. Advertisements in a magazine amount to an offer c. Advertisements in a magazine amount to an acceptance d. Advertisements in a magazine amount to an invitation to treatA condition is a stipulation which is a Question 10Answer a. not essential to the main purpose of contract of sale, b. collateral to the main purpose of contract of sale c. none of the above. d. essential to the main purpose of contract of sale Clear my choiceTrue/False. An objective test is used to determine whether an offeror intended to be legally bound by their offer.
- How is an offer accepted? Describe the rules for the manner of acceptance and its communiWhich one of the following would likely NOT be considered a contractual document? Select one: a. A sign placed outside a car park entrance b. A travel brochure promoting a cruise c. A drycleaner's receipt d. A delivery docket4.The property you are listing is in a condominium. It would be beneficial to showing the property if you: Put the lockbox someplace where others won't see it Notify the association board or management company that you are listing the property Ask the seller to make copies of the passkey so you and your office can get on the property Leave lots of business cards for the association to use
- Because fixtures can be detached from the land, thereby reverting back to personal property, what is a best practice with respect to the creation of a sales contract? to assume that the buyer will ask about any items of interest to not list anything that is to be included in the contract so that easy concessions can be made during the counteroffer phase to assume that the buyer will understand that anything that can be detached will be detached to list everything that is to be included in the contractDifferentiate between Agency by Estoppel, Agency by Holding Out & Agency by Necessity- A contract to sell, even if accepted by the buyer is not an absolute sale. B. FALSE A. TRUE - Conventional redemption is based upon the stipulation of the parties, while legal redemption is based on law. A. TRUE B. FALSE - Like option money, an earnest money is evidence of a perfected contract of sale. A. TRUE B. FALSE
- 23. All of the following actions by an agent may be considered misrepresentations Except O a. Illustrating the dividends on an insurance policy b. describing a policy as a share stock c. describing insurance coverage ambiguously d. overstating an insurance company's surplus #DINeed a long and detailed self-explanatory analysis of the following case after hearing the oral argument of the case in Oyez Bank of America Corp. v. City of MiamiPls help ASAP