An owner should be informed by the listing salesperson Quizlet

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Who are the parties to a listing agreement quizlet?

The parties to a listing agreement are a broker and a seller. True. A listing agreement is an employment contract between a broker and a seller; it is a contract for the real estate professional services of the broker, not for the transfer of real estate.

Who acts as the principal to the listing broker quizlet?

A In real estate transactions, the listing broker acts as an agent for the seller, who is the principal. 2.

What should a salesperson do with the earnest money deposit she receives from a buyer?

If accepted, the buyer's earnest money is deposited into an escrow account, which will serve as liquidated damages if the buyer defaults or a downpayment on the property if the sale closes.

Which of the following liens are not eliminated by a foreclosure sale?

Following a first-mortgage foreclosure, all junior liens (including a second mortgage and any junior judgment liens) are extinguished, and the liens are removed from the property's title. But the second-mortgage debt and creditor's judgment remain, even though they're no longer attached to the foreclosed property.

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Who are the parties to a listing agreement quizlet?

Who acts as the principal to the listing broker quizlet?

What should a salesperson do with the earnest money deposit she receives from a buyer?

Which of the following liens are not eliminated by a foreclosure sale?

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