In order to be entitled to a commission, a broker must show that he/she was the procuring cause of the sale under all of the following types of listings, except:
A: Exclusive agency;
B: Exclusive authorization and right to sell;
C: Open listing;
D: Nonexclusive listing.
Answer: B: Exclusive authorization and right to sell;
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Secondary data is also called "off-the-shelf" research studies.
a. true b. false
Broker Sullivan delivered an offer to purchase real property to Owner Mercer at 11 a.m. on Monday. Mercer asked for 24 hours to consider the offer. At 7 p.m. that same day, Broker Sullivan received two additional offers from different buyers through one of the broker's salespersons. Sullivan firmly believes the owner will reject all three offers. In order to comply with the law, Sullivan must:
A: Hold the new additional offers until the owner has considered the offer handed him at 11 a.m.; B: Present the two additional offers to the owner in the same sequence in which the salesperson obtained them; C: Simultaneously present the two additional offers to the owner as soon as the owner is available; D: Do none of the above.