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Under which of the following listing agreements must a seller pay a commission to the listing company even if the seller procures the buyer? Select one: a. Net listing b. Exclusive right to sell listing c. Exclusive agency listing d. Open listing

Which of the following advertisements placed by Marcus Mann, a listing agent with Green Realty, complies with Commission rules?

Select one:

a.

Move-in ready 3-bedroom ranch style home on rare double lot. Near shopping and public transit systems. Only $240,000. Schedule a private showing by texting Marcus Mann at 555-1234.

b.

Spacious 3200 sq. ft. 2-story for sale in Pleasant Valley subdivision. 4 bedrooms, 3 baths, assumable loan. Call Green Realty at 555-1234.

c.

Dont miss out on this 2-bedroom condo near the university. Hard-to-find investment property for $115,000 with owner financing. Schedule a showing appointment at www.GoGreen.com

d.

Great 4-bedroom home on landscaped lot. 3200 sq. ft., $450,000. Call Marcus Mann at 555-1234.

A properly completed option to purchase real estate contract must include

Select one:

a.

an addendum that extends the listing agreement through the option period.

b.

the specific terms of sale that will apply if the option holder exercises the option to purchase.

c.

the right for the property owner to sell his property to the highest bidder within the option period.

d.

the ability for the prospective buyer to match any offer to purchase the property that the seller receives during the option period.

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