Question
1.When a buyer signs a purchase agreement for a subdivided lot, the licensee MUST furnish a true and accurate copy of the agreement to: -the
1.When a buyer signs a purchase agreement for a subdivided lot, the licensee MUST furnish a true and accurate copy of the agreement to: -the county land and resources department -the Minnesota Department of Commerce -all parties to the transaction -the city zoning department
2.Licensee R meets their buyer-client to discuss a property that Licensee R has listed. The buyer expressed interest in the property before viewing it and states to Licensee R that the asking price is too high. In this scenario, when is dual agency created? -When they discuss the property -When the buyer-client visits the property -If an offer is made -At the signing of Purchase and Sale
3.A seller, pleased with the performance of a listing salesperson, wants to give the salesperson a $500 gift certificate. The salesperson does not have written authorization of the broker. In this situation, the salesperson MUST: -accept the gift certificate because it is not cash -not accept the gift certificate because the value is over $100 -not accept the gift certificate if the salesperson is a dual agent -direct the gift certificate to the salesperson's broker
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