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7. Which one of the following does NOT apply to the enforceability of a listing contract? It must state a definite expiration date It must
7. Which one of the following does NOT apply to the enforceability of a listing contract? It must state a definite expiration date It must contain an automatic renewal provision It must be in writing under the Statute of Frauds It must be signed by the seller and the licensee 8. Which statement is FALSE regarding delivery of the Agency Disclosure form? A verbal explanation of the agency relationship that will be in force should be given along with the form The pamphlet must be given to a purchaser of a mobilehome and the land upon which it sits The pamphlet must be given prior to the signing of a listing agreement The pamphlet does NOT have to be given to potential sellers of a 50unit apartment building 9. The most weight when assisting a seller to determine a listing price should be given to: closed sales. current active listings. expired listings. pending sales. 10. With respect to the Estimated Seller's Proceeds statement, which of the following is/are true? The California Association of REALTORS makes available to its members an Estimated Seller's Proceeds form. Adjusted statements should be given if the listing price is reduced or if an offer is presented for a price less than the listed price. The initial statement is based on the established listing price. All of the above
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