Selective distribution offers a level of brand control and differentiation between that of intensive
distribution and exclusive distribution.
Indicate whether the statement is true or false
TRUE
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What is the maximum a court can levy against the Real Estate Recovery Account for one licensee?
a. $100,000 b. $250,000 c. $60,000 d. $80,000
A broker listed a property for $175,000 with instructions that seller wanted at least $5,000 earnest money. The broker produced a buyer who offered the full listed price and included $3,000 earnest money check. If the seller did not accept the offer, would the broker be due a commission?
A. Yes, the broker produced a buyer at the full listed price. B. Yes, earnest money is not required in a real estate contract. C. No, the broker did not produce a buyer that fulfilled the terms of the listing agreement. D. No, the earnest money must be paid in cash.