1. Discuss the purpose of a listing agreement.

2. Briefly discuss the 3 types of listing agreements and identify the listing agreement that is most commonly used.

3. Describe the minimum elements a listing agreement should include.

4. Absent of a specific written agreement between the real estate broker and the seller, can a broker charge the seller for any other expenses (advertising, overhead, sales expenses) the broker incurrs in marketing the property?

5. Discuss the purpose of the safety clause found in most listing agreements.

6. Explain the purpose of the purchase agreement.

7. Would you purchase a property using a land contract? Explain...

8. A lease (rental agreement) sets out the rights and responsibilities of the landlord and tenant. Briefly describe the elements of a valid lease.

9. What is the purpose of an option agreement?

10. Compare an option agreement and a right of first refusal