Pre-Quiz

The price of borrowing money

Interest
charge
charge back
interesting charges

If you are advertising online, understand that

including or excluding certain audiences or neighborhoods in the settings of your advertisements could be discriminatory.
advertising in general terms is discriminatory.
advertising a home in a single family zoned neighborhood is a violation of fair housing.
advertising a "smoke free" is a discriminatory practice.

The phrase, “procuring cause” is most important to real estate agents in a

Open Listing.
Exclusive Right to Sell Listing Agreement.
Exclusive Right Net Listing.
Net listing

Someone who receives something with a promise to return it or its equivalent.

borrower
lender
promissor
lessor

Relationship built on trust

Fiduciary
Customary
General Agency
Specific Agency

Which of the following statements best explains the meaning of this sentence: “To recover a commission for brokerage services, a broker must be employed as the agent of the seller”?

The seller must have made an express or implied agreement to pay a commission to the broker for selling the property.
The broker must work in a real estate office
The broker must have asked the seller the price of the property and then found a ready, willing and able buyer.
The broker must have a salesperson employed in the office.

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