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The selling firm appointing an agent to represent the buyer Which of the following statements is TRUE? c. Designated agents must be members of the local real estate trade association. A) exclusive agent. Introducing Cram Folders! Goldman agrees to pay. If a real estate licensee will be treated as an employee, the employing broker must do all the following EXCEPT There are five major corporate real estate firms in the immediate DC industry; JLL, Cushman & Wakefield, Newmark, Savills Studley and Cresa (At a Glance). b. only the employing client A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per front foot. H How does the Code of Ethics benefit the client? b. startxref What type of disputes fall under arbitration? 8Purchaseinventory1909.2525Sale110\begin{array}{rlcc} duties to clients and customers, duties to the public, and duties to REALTORS. The matter cannot be subject to future litigation or arbitration. (b) Other Buyers. Code Comprehension: Article 16 Commissions Are Negotiable The broker's actions are The Preamble of the Code of Ethics contains _______. a. report the developer to the state real estate commission. d. State license law and rules. b. local real estate board's minimum wage guarantee to agents. Ethics and Brokerage Flashcards | Quizlet Interpret the coefficient of Fertilizer. WebA broker wishing to act as an intermediary in a transaction would NOT be required to File notice of intermediary status with the local association of REALTORS. required by court order, or WebCOOPERATION WITH OTHER BROKERS. D) subject to all federal requirements applicable to an employee. \hline C) paid by the sales associate's employing broker. (2) A transaction-broker shall have the following obligations and responsibilities: (a) To perform the terms of any written or oral agreement made with any party to the transaction; (b) To exercise reasonable skill and care as a transaction-broker, including, but not limited to: (I) Presenting all offers and counteroffers in a timely manner regardless of whether the property is subject to a contract for sale or lease or letter of intent; (II) Advising the parties regarding the transaction and suggesting that such parties obtain expert advice as to material matters about which the transaction-broker knows but the specifics of which are beyond the expertise of such broker; (III) Accounting in a timely manner for all money and property received; (IV) Keeping the parties fully informed regarding the transaction; (V) Assisting the parties in complying with the terms and conditions of any contract including closing the transaction; (VI) Disclosing to all prospective buyers or tenants any adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the title, the physical condition of the property, any defects in the property, and any environmental hazards affecting the property required by law to be disclosed; (VII) Disclosing to any prospective seller or landlord all adverse material facts actually known by the broker including but not limited to adverse material facts pertaining to the buyer's or tenant's financial ability to perform the terms of the transaction and the buyer's intent to occupy the property as a principal residence; and.