Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 29 The agreement between the brokers regarding the amount to be paid by the listing broker to the selling broker is a contractual agreement

image text in transcribed
QUESTION 29 The agreement between the brokers regarding the amount to be paid by the listing broker to the selling broker is a contractual agreement contained in the Agreement between Brokers (frequently in the MLS) Listing Agreement Sales Contract Buyer/Tenant Representation Agreement QUESTION 30 Bob Seller received an offer from John Bradley. Bob Seller reviews the offer with his agent and decides to send back a response with additional terms or changes he would like John Bradley to consider. Bob SelleI's agent contacts John Bradley's agent with the terms. This is called a counteroffer consideration multiple offers an accepted offer QUESTION 31 For a contract to be considered legally binding and enforceable, the agreement must include which of the following elements? All of the answers listed Competent parties and consideration Mutual agreement and lawful Objective Must be in writing, signed by all parties, and contain a legal description

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Business Reporting For Decision Making

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

4th Edition

978-0730302414, 0730302415

Students also viewed these Law questions