Real Estate

1 Which agent must explain agency to the seller? What is the latest point at which this must be done under the Civil Code? (Be specific, stating agent doesnt identify who that is in the transaction.)

2Under what circumstances is dual agency legal in California?

3Where is the safety clause found and whats its purpose?

4After receiving a completed transfer disclosure statement and signed listing agents visual inspection, a buyer has _________________ days to cancel the sales contract without penalty based on what is stated in the TDS.

5 Give an example of an actual material fact in the property where you live now.

6If you were taking a listing, which type of listing agreement would you prefer and why?

7 When are agents exempt from doing a visual inspection on a resale residential property?