Which Of These Listing Agreements Is Considered A Unilateral Contract
April 15, 2021
5) An act in which the beneficiary guarantees title against defects that appear only during the life of his property, what kind of deed? Buyers` agency agreements are made between a broker and a person wishing to acquire a property. 8) Which of the following descriptions describes a situation in which relief could be created against the will of the landowner? This type of listing agreement becomes a bilateral agreement if and if the broker produces a buyer, because on that date both parties have commitments that must be respected and can be implemented. This type of agreement is generally explicit because the list agreement contains the details with which both parties agree. a) Income must be based on turnover. b) contractors must have access to workers` compensation. c) the contractor must be licensed as a real estate agent or broker. (d) a written contract must be established. You need to know some specific details about agency contracts for the control of real estate licenses. Remember that an agency contract, signed by a real estate agent and a client, established the agent as the client`s representative. 1) What type of listing is the most insuitable for a broker to market a property? With an exclusive agency-buyer-agency contract, the buyer is required to pay the agent only if the broker produces a property that the buyer buys. It is a unilateral agreement because nothing is due, unless the buyer`s representative produces a property for the buyer.
It is generally explicit because the promises made are made, usually in writing. a) A buyer contacts a broker via the Internet. b) A seller calls a broker to agree on a listing date. c) A potential buyer comes into a house open day to day. d) A potential buyer or seller begins to discuss their needs. 3) Which of the following conditions would not be a condition that you would find in an independent contract contract? (a) an instrument that purports to transfer ownership of the property, but not because of a defect. b) a court order granting access to the property. c) a legal document that blocks possession.