The usual listing contract authorizes a broker to:
A. convey the real property that is subject of the listing
B. find a purchaser and bind his principal to a contract
C. assure a prospective purchaser that an offer meeting the terms of the listing will be accepted by his principal.
D. find a purchaser and accept a deposit with an offer to purchase.
Answer: D. find a purchaser and accept a deposit with an offer to purchase.
You might also like to view...
What is the first step in the reflective problem-solving approach?
a. Select a solution. b. Establish criteria. c. Analyze the problem. d. Implement the solution. e. Define the problem.
Lincoln Enterprises recently fired two employees who were caught stealing tools from the firm's warehouse. As a result, the CEO of Lincoln wants to strengthen the firm's ethical
culture and prevent future violations by redesigning the firm's ethics program. Which of the following questions is LEAST relevant when developing Lincoln's new ethics program? A) What behavior is expected of Lincoln employees? B) What is the opinion of stakeholders regarding Lincoln's ethics? C) How are ethical situations communicated and resolved at Lincoln? D) What is the process for Lincoln establishing a corporate giving program?