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QUESTION 1 Brad, a salesperson, enters into a written contract with Dan, a broker, which begins their agency relationship. This written contract is referred to
QUESTION 1 Brad, a salesperson, enters into a written contract with Dan, a broker, which begins their agency relationship. This written contract is referred to as am): O listing agreement Q independent contractor agreement O buyer representation agreement O sales agreement QUESTION 2 Denise, a purchaser, entered an agreement with Blake, a seller, to purchase Blake's oneacre lot for all cash. Denise opted not to obtain a title search or policy of title insurance so the parties did not use a title company for closing. Instead, the parties used a law firm. The deed presented to Blake for signature at closing was entitled \"Deed" so it was unclear to Denise the type of deed she was receiving. What clause within the deed would clarify the type of deed Denise was about to receive for the transaction. O warranty clause O power of sale clause O habendum clause O granting clause QUESTION 3 Jeff and ion enter into a real estate sales contract for the purchase and sale ofJon's house. Jeff received a large amount of cash from questionable sources and will pay all cash for the real estate. According to the sales contract, the IRS requires filing written reports if cash in excess of is received in the transaction. O $1,000 0 $5,000 0 $10,000 0 $15,000
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