The approved Change of Status form is

a. notice to the seller that the broker will become either a dual agent or a transaction-broker for a specific transaction
b. notice that the broker will be a transaction-broker for any transactions following the notice
c. a notification to the seller and/or buyer that the change agreed to in the listing is now effective for this transaction
d. a new agreement giving the broker permission to change from agency to transaction-broker status

Answer: c. a notification to the seller and/or buyer that the change agreed to in the listing is now effective for this transaction

Business

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A person who states that her signing is a free act would be making

A. an affirmation. B. an acknowledgment. C. a notarization. D. a verification.

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What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization?

A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders E) Local communities

Business