What type of agreement would guarantee payment of commission regardless of who actually sells the property?
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What type of agreement would guarantee payment of commission regardless of who actually sells the property?
In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker. With exclusive right-to-sell listings, the broker receives a commission regardless of who sells the property.
What is the first step in completing a CMA?
What are the four steps in the CMA process? Collect and analyze information about the seller’s property. Choose comparable properties in the area. Compare the seller’s property to the comparables and do some adjusting to the value of the comparables.
What must a home seller disclosure?
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.
Which person is responsible for filling out a property disclosure statement quizlet?
Terms in this set (16) Which of the following is an advantage of investing in a nonresidential property? Which person is responsible for filling out a property disclosure statement? broker and seller.
Who must complete the entire transfer disclosure statement TDS )?
A transfer disclosure statement (TDS) is required by California law in section 1102 of the California Civil Code. This law requires that every residential seller complete a TDS for the buyer. This document is one of the seller disclosures that buyers receive during their contract contingency period.
What is the biggest reason to make your offer contingent on a professional home inspection?
The primary reason why a buyer should make their offer contingent on a home inspection is to ensure the home does not have any major deficiencies. It’s almost a guarantee that a home inspector will find issues with every home.
Which seller is exempt from completing a transfer disclosure statement?
Which seller is exempt from completing a transfer disclosure statement? A lender selling a property which they previously foreclosed upon.
Can a broker guarantee the performance of service providers?
The offer will state if brokers refer buyer and seller to persons, vendors or service providers, that brokers do not guarantee the performance of any providers. Buyer and Sellers may select providers of their own choosing.
When describing the property in a listing it’s a good idea to?
6/25/2018 Chapter 8 Quiz: 2018MSU-MRLES-382-3186 1 / 1 pts Question 5 When describing the property in a listing, it’s a good idea to: rely on the seller’s description. attach a physical description of the property to the contract.
Is a dual agent a good idea?
Dual agency can also streamline the transaction process, whether you’re the buyer or the seller. With one fewer agent in the mix, scheduling various events can be more manageable. This can make a transaction proceed faster. You could also potentially save some money, particularly if you’re the seller.
What is the secret to a fast sale of a property?
The secret to a fast sale is: a seller might have to lower the price of the property. During a buyer’s market: when you present the seller’s net sheet.
How do I maximize the sale price of my home?
Here are some other ways you can set yourself up to make the most of your home selling strategy.
- Work with a local expert.
- Time your sale appropriately.
- Set the right price.
- Negotiate the best offer.
- Make essential repairs.
- Be prudent with upgrades.
- Think about curb appeal.
