%%EOF Sally reads an ad placed by an FSBO seller offering 3.5% commission to the broker who brings the buyer. 1. minorities are buying homes in a neighborhood where the seller wants to later buy property One week later, Foster signed an exclusive agency listing with Broker Gary, who sold the home a few days later. 4. none of the above, A selling broker is showing a parcel of property and tells the prospective buyer: "In my expert opinion, this property is the best for you." His license placed on inactive status on June 1st. 2. give it to her broker The standard deviation of daily demand was derived from examining prescriptions filled over the past three months and was found to be 800 capsules. However the listing agent recognized the early signs of termite infestation. this agreement is: 0000004411 00000 n of the owner. 4. none of the above, A salesperson receives an earnest money deposit check on Monday while working with Broker Allen. 2. on the date specified in the listing agreement c. Firm B cannot provide good services because they charge less d. Firm A provides excellent services to . 2. the couple should complain to garys broker and demand to be shown the property 3. no, these funds must be placed in a separate escrow account 4. expiration of time, all of the following statements are true of buyer broker agreements, except: State the null and alternative hypotheses from the perspective of the motorist groups. 2. implied 4. it should be immediately given to the buyer, it should be immediately given to broker alien, Henry enters into an exclusive right-to-sell listing agreement with Bob the Broker. Kelly confronts Sam and terminates the listing. 3. the couple should sue tom, gary, and the broker for refusing to deal with them in violation of fair housing laws a real estate broker has actual knowledge of structural damage to the floorboards of a house due to previous termite infestation. 4. the proceeds due to the seller from the sale, the proceeds due to the seller from the sale, in which type of listing is the commission least likely to be expressed in terms of a percentage? 2. to use care in completing form contracts this agreement is: For this transaction, W is entitled to receive, To be entitled to collect a real estate commission, a broker must be able to prove all of the following EXCEPT that he or she, A broker lists a property for sale at $100,000 with a 5 percent commission, and he later obtains a verbal offer to purchase the property from a prospective buyer. Whenever real estate agents sell a home they are required to. 3. real estate broker 3. open buyer agreement At closing, Henry discovers that the customary commission is 3%. 1. real estate broker agreeing to charge the same commission rate 2. loyalty After broker E sells some of the lots, the landowner refuses to pay her a commission. at an appointment with a prospective seller client, broker Freida does a quick inspection of the property. 1. 1. to the seller: that the potential buyer is having financial problems 3. exclusive right to sell Even a slight mistake could end up costing a lot of money; a lot of stress; and, worst of all, tarnish your reputation . If the buyer agency agreement did not specifically credit the buyer for commission paid by the seller, Gail might be obligated to Pau her buyers broker 3%). 1. mutual agreement 1. the broker had found a buyer and has earned his commission 2. if the property is destroyed by fire such an action: %PDF-1.4 % When Ralph dies, his daughter (also a broker) inherits the brokerage business. 3. perform only, transact the clients affairs in a certain business, Mr. Foster signed a 60 day exclusive right-to-sell listing with Broker Ruotolo. 2. the broker may tell the buyer that the seller is willing to accept a lower offer The cost of the construction is $90 per front foot for each affected homeowner, and the city will pay 25% of the cost. Buyer Maggie has no buyer broker contract. bill, a broker with xyz realty, sells a property listed by gene, an independent broker. 1. express 3. unassignable 3. state real estate commission 1. inform the seller However, when Steve presents the offer to Gwen, he discovers that Gwen also worked with Broker Gerry and sold her home without informing Steve. The seller requests that her agent, Anne, not mention the mold issue in the bathroom since she wants to sell her house quickly. 1. obedience This information: 1. the general public They specify that the agreement will last for a two week period. 3. agent and subagent 3. violates both RESPA and regulation Z 3. exclusive right to sell listing However, the property is later sold by another broker. 3. universal agency 3. to the buyer: that the property is subject to seasonal flooding 1. remain in effect Select one: The broker is entitled to: A full commission because he fully performed Under contract as a property manager, the broker is: fiduciary and general agent Jenny's salesperson delivers the downpayment to Jan's salesperson. 4. general listing, Casper is selling his house and wants the broadest possible exposure. 2. incorrect, because the agreement is valid for a reasonable amount of time Three weeks later, Kelly moves out of the area and puts her license on inactive status. 2. give it to barnwell 3. appraising property 3. agreement Before closing, Susan also negotiates a valid option contract with Pete for Tom's adjoining lot, which is listed at $150,000. 4. yes, assuming that gwen is in breach, Harry hires David to be his buyer-broker. 0000002700 00000 n Corcoran's broker discloses this fact to prospective buyers. File legal notice of her intent to assume responsibility for the brokerage business 1. loyalty A broker lists a property. 1. express 4. accounting, Sam Slick lists his home with Clueless Kelly, a broker. 2. the listing remains effective transactional brokerage is NOT PERMITTED in NC), A broker is helping her mother find a new home. What is Caras relationship to her visitors? Gails contract with Freds employing broker promises 3% commission. However, Broker Joe files for bankruptcy before the property actually does sell. Chris is: 2. seller 1. the exclusive listing becomes an open listing 4, yes, because corcorans status is protected by federal fair housing laws, yes, because it is contrary to corcorans interest, which of the following listing agreements is LEAST likely to specify a commission rate? (a)Would Bo be ent On the other hand, if I hired one of the new real estate firms, I would cut my agent commission down to 1 percent, saving me $12,000. (Jane can tell Maggie that the seller is desperate to sell, Jane is not obligated to assist Maggie during contract negotiations, Jane must protect the best interest of her client Maggie, sponsoring broker Evan is a dual agent), Jane is not obligated to assist Maggie during contract negotiations. 3. When must Garrick disclose to Richard that he represents the buyer? 2. is in violation of anti trust laws 4. cracked foundation, A real estate broker wishes to deposit an earnest money check in his business operating account in order to receive a higher interest rate on the purchaser's funds. 3, two brokers agree to charge the same commission rate on all property listed by their offices. 4. no commission, because the owner is the one who sold the house, a person engaged to act in place of another by contractual agreement is: 3. exclusive agency Broker B pays for one-fourth of the advertising costs. 4. the seller may now list the property with another salesman working for broker joan, a listing will automatically terminate: 1. jones has contracted for the services of martin 2. a trustor relationship 1. the broker may tell the buyer that the seller wants to sell her house quickly 1. mark must split his commission with bert and gail 3. rescind the listing showing someone a property does not imply agency, Judy is Ricks listing agent. Two weeks later, Kelly learns that Sam has a reputation for dishonesty and a bad record with other brokers. I. Seller's Broker: A broker who lists a property, or a salesperson who is licensed to the listing broker, represents the Seller and acts on behalf of the Seller. 3. when closing it is complete and the title passes 0000007696 00000 n 4. a net listing, After the death of his wife, a property owner lists his property with a broker. Which of the following statements is true? With whom can Lane share this information? in this transaction, what is the relationship between bill and gene? 4. none of the above could be involved, Susan has a listing agreement with Tom to sell his house and an adjoining lot. 4. net, an agency relationship between seller and broker may be terminated by: In the past year, just less than half of the salesperson's income from real estate transactions came from sales commissions. 4. the death of a salesperson, Jan accepts Jenny's offer to purchase. she must: 4. nothing, the relationship most likely to exist between a licensee and the seller is a: 1. open They tell As salesperson that Firm B will charge a 2 percent less commission for selling the house. 4. advertise property at lower than the list price, agency relationships include all of the following duties, except: 4. wilma must file a notice of abandonment, a general agency empowers the agent to: (buyers agency, dual agency, sellers agency, single agency). Which of the following statements would best describe the relationships between these parties? 3. any time prior to preparing an offer to purchase Is the listing still effective? 4. as many as the owner chooses, a special agency empowers the agent to perform: Helen, also a salesperson with XYZ, presents an offer from her client which is accepted. He maintains her finances, signs any legal papers, hires caregivers, and if mom is unwell, Iggy takes her to the doctor even if she does not want to go. (assist in comparing financing alternatives, explain closing costs and procedures, help arrange for property inspections, suggest an appropriate price to offer), Agent Sally executes a buyer brokerage agreement with Buyer brad. Phil takes a listing on January 3rd. 3. revocation Tom leaves town on Monday for a two week business trip. C. Gary's broker is the agent of Mr. Gregory for a reasonable time The listing agent should, disclose this condition to the buyer, as this is material fact, the lead based paint disclosure should be shared with buyers for dwellings that were built prior to, once a seller completes a residential property owners association disclosure statement, the (buyers agent is relieved of all duty to disclose material facts, buyers agent must ensure that his buyer client receives it, listing agent is relived of all duty to disclose material facts, seller cannot be held liable to any of the information on it), buyers agent must ensure that his buyer client receives it. Which of these situations would be considered a subagent relationship? real estate broker, regardless of whether he or she is an employee for purposes of the Real Estate Law, or an independent contractor of the real estate broker for federal and state income tax reporting purposes. Sam tries to collect his commission after closing, but the seller refuses and correctly asserts that she has no legal obligation to pay. What would best describe the relationship between Mr. Gregory and Gary? Select one: Based on these facts, the real estate professional will be treated by the IRS as 3. the buyer and seller, equally 1. wilma must maintain the listing with fred until the expiration date At an office meeting, Anne tells her broker that the seller might accept a lower price because of the issue. Unless the listing agreement designates a specific agent, all affiliated licensees at ABC are considered to be (designated agents, dual agents, sellers agents, have no agency relationship) be sellers agents 4. represent both buyer and seller, with the permission of the buyer, Broker John and Buyer Jenny enter into an exclusive buyer agreement. 3. exclusive agency 4. buy the property quickly, sell the property before the foreclosure is completed, in a real estate transaction, which of the following facts must an agent disclose to his principal? 3. not valid unless its in writing Sadies negotiations with her former seller client are confidential (fiduciary duties between agent and client never end unless permission is given to divulge information), after listing a property that the designated agent believes is overpriced, the broker returns to the office and complains to a fellow broker at his firm that the property will never sell at that price. The salesperson just arrived, and there are currently 25,000 capsules in stock. Broker Glenn brings Mark a listing contract with a seller. 2. open listing 0000004183 00000 n Please upgrade to Cram Premium to create hundreds of folders! See Page 1. a woman offers to buy property listed by her sister (a broker). 2. two salespersons represent a different buyer and seller in the same transaction 2. doe has a fiduciary relationship He informs the buyer that there are no terms or termite damages in the house. 4. optionor and optionee, what is not a fiduciary duty that an agent has towards his client? 3. the broker may cancel the listing if he chooses 2. advertise the property is being sold "as is" 4. exclusive right to sell, Phil is a salesman working for Broker Joan. In which of the following forms is this required seller disclosure found? b. Broker Ellie takes a listing for jays large home with a big yard and unground pool. 2250 (1 person Gloria, 2 people Gloria and Dan, 20 people Gloria and the other licensees, or 21 people Gloria Dan and other licensees), Which is LEAST LIKELY to be a consequence of undisclosed dual agency? 3. a special listing 3. disposition of money to the buyer However, some road-safety groups say speed can be a factor in accidents and believe it would be dangerous to increase the existing speed limit. 2. to the seller: that the state plans to build a new highway near the property 1. yes, if the purchaser receives a comparison of available interest rates Samuels cannot act for someone from Tennessee unless he has a Tennessee real estate license Broker A said $78,000, Broker B said $79,000, and Broker C said $91,000. 3. give chaney another offer that she is sure to reject 4. to the buyer: that the seller is going through a divorce, to the buyer: that the seller is going through the divorce, A salesperson wishes to charge a reduced commission to her sister. 4. no, because jon must perform, yes, regardless of whether jon is the client, A broker wants to be compensated if anyone else sells his listed property during the listing period. 1. state association of realtors Proper agency disclosures have been made. 1. when a prospective buyer asks for info about a particular property 3. an exclusive right to sell listing 1. specific agency Mr. Salesperson committed two ethics violations. (fairness, honesty, integrity, obedience), Peter is the listing agent for seller Jan. Of these acts, which would breach Peters fiduciary duty of loyalty to jan if he performed it for a buyer customer? 2. the buyer 4. no, so long as daisy is willing and able to perform, yes, but dan risks causing a breach himself, the relationship that generally exists between a salesperson and a seller is a: 4. Steve works diligently to find a buyer for Gwen. 1. exclusive buyer agency agreement 3. implied agency 5000 may the broker comply? A. Mr. Gregory is Gary's principal (NO one, Jack and Lisa only, Jack Lisa and BIC, all of the licensees are Great Realty), Jack and Lisa and the BIC (confidential information can only be shared with the other designated agent as well as the BIC), Which of the following tasks can you, as a dual agent, perform on behalf of your clients? The listing is a 60-day exclusive right-to-sell agreement. 3. a claimant 3. a salesperson represents both buyer and seller by jwkotler@mac.com, 1. lender 2. no, unless the offer was at or above the list price 2. no, so long as sally takes no action As long as broker Bridget includes a link to the WREAB on her website and in every email to a prospective client, she has met the requirements for proper agency disclosure. 0000002530 00000 n if you take the listing, you should assure the sellers that you will not disclose this information, who is obligated to complete a residential property owners association disclosure statement? a friend of yours tells you that Clyde and his wife are getting a divorce. Mr. Kyle has a 120-front-foot lot. 3. no, if sally filed for bankruptcy 1. a client 4. all of the above, Wilma lists her house with Broker Fred under an exclusive right-to-sell agreement. Which of the following statements is true about the listing? Jan's salesperson delivers the funds to her broker, who places the money into escrow. (advising the buyer on his best negotiation price, completing information on the buyers offer to purchase jans property, referring the buyer to another brokerage firm, responding to the buyers questions about the property at an open house), advising the buyer on his best negotiation price, Which situation would LEAST LIKELY be considered a material fact that a broker must disclose to a customer? 8. You have a buyer client who asks you directly whether there are any known sex offenders in the area. (Section 475.215 (1), Florida Statutes) A Florida . Ellie doesn't think to ask jay about the pool. 4. all of the above, A broker accepts an exclusive right-to-sell listing. 3. lenders charging usurious interest rates 2. reasonable care 2. yes, if the broker promises to ensure such funds will be available at closing 1. set by the MLS B. Jenny 3. real estate broker Prospective buyer Vera sends an email to broker Tammy after looking at available properties on her website. 4. bind the seller to a full price offer, brokers may only assist buyers if: 3. net listing 2. no, because jon has an unacceptable reason 4. the broker is legally obligated to sell the property, the broker is legally obligated to sell the property, which of the following situations is an example of dual agency? The parties agree upon a 6% commission. In this situation: What do his clients give up when he represents them both as a dual agent? 4. employee of the broker and agent to the seller, agent of the broker and sub agent of the seller, what would NOT terminate an agency agreement by operation of the parties? He therefore tells the broker that he only wants to rent to females. What should Rudy do? 4. bobby could sue for specific performance, A broker executes a listing agreement with her client. A broker lists a property for sale at $100,000 with a 5 percent commission, and he . 1. yes, as long as she sees the property within the next business day In the email, Vera tells Tammy that she can only spend 200000 and wondered if any of the three properties she liked might be in her price range. 2. agent of the seller and sub agent of the broker Garrick of Cardinal Realty is a buyers agent for client Tara. 1. lender 1. a principal A. 1. no, because jones did not buy the property himself (any time prior to settlement, at first contact, at first substantial contact, when Tara makes an offer on the house). 2. the selling broker (indicated the value of mineral/oil/gas rights, it indicates whether any mineral/oil/gas rights have been severed, indicates whether there are any mineral/oil/gas on the property, indicates whether the property owner earns money from mineral/oil/gas). 3. an independent broker refuses to join the local association of realtors Introducing Cram Folders! While showing a property to his client, the broker learns something that might influence the sale. (account for a clients money and property, exercise reasonable skill and care, obey all directions of the client, refer clients to other professionals as appropriate), obey all directions of the client (an agent should only obey all LEGAL directions of a client), the mineral oil and gas rights mandatory disclosure statement must be presented to most buyers of residential property (at least three days prior to settlement, at the time the prospective buyer makes an offer, before the prospective buyer makes an offer, once the seller accepts the buyers offer), before the prospective buyer makes an offer. How many capsules should be ordered? (At home show when someones stop by the booth and picks up marketing materials, at an initial listing appointment where you inspect the property and start to learn about the seller, at an open house when a prospective buyer walks slowly through each room, in your office when a man comes in off the street and asks about the price of one of your listings), At an initial listing appointment where you inspect the property and start to learn about the seller. 2. transact the clients affairs in a certain business 1. jan 4. yes, provided that joe cannot perform, A salesperson takes a 90 day exclusive right-to-sell listing on April 1st, but moves out of the area on May 15th. 4. nothing until the papers are ratified, a full commission because he fully performed, buyer broker agreements could be: 4. either 2 or 3, A buyer's broker presents an offer on a property listed by another broker. 2. the listing terminates by operation of law 4. advise the owner that this restriction is illegal. 3. agreed upon commission or fee Which of the following statements is correct? Such an expert should have special knowledge and have a higher Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; audio not yet available for this language, The real estate brokers responsibility to keep the principal[al of all the facts that could affect a transaction is the duty of, The amount of commission due to a salesperson is determined by, A real estate broker was responsible for a chain of events that resulted in the sale of one of his clients properties. 4. must be promptly disclosed to all parties, but only if the change is approved, must be promptly disclosed to all parties, Which type of listing agreement allows the seller to sell his property and NOT have to pay a commission, but assures the broker a commission if anyone else (other than the owner) sells the property? Where would the salesperson obtain approval for such an arrangement? 2. when the option period expires 4. follow the owner's instruction because of the fiduciary relationship, Seller Corcoran is in very poor health and cannot work on his farm anymore. 4. none of the above, Broker Lynch has an exclusive listing to sell Jones' hardware store for a $4,500 commission. What type of listing should the broker acquire? 3. no, because jenny found the property on her own (Ann who is selling her moms house to settle her estate, bob who is selling a property he owns to a coworker, Cathy who is selling her shirt of a condo to co owner Dave, Devin who is selling his 10 unit apt building). T/F Licensees provide agency representation to clients and customers in a real estate . Tammy must disclose that she is a sellers agent when she responds to Veras email. Proper agency disclosures have been made. 1. use the services of another broker Corcoran's broker discloses this fact to prospective buyers. Ensuring that your information is up to date. 3. an attorney in fact What is the timeframe for maintaining confidential information received from a client? Which type of agency does this represent? Based on the residential lead based paint hazard reduction act, what must a seller do? 2. wilma may terminate the listing 1. if the selling agent changes brokers 3. to be accountable for documents and funds What should you do? Which listing agreement should the seller NOT sign? 2. as soon as a prospective buyer enters the brokers office On the date scheduled for closing, the seller refuses to sign any of the papers. 1. What type of listing agreement did he most likely sign? Samuels knows that this property is worth considerably more since the zoning for the property was recently changed to commercial. 4. none of the above, Seller Chaney rejects three offers, all of which were $2,500 below the list price. a buyer broker agreement may arise by all of the following means, except: what is the highest commission rate that a real estate broker may charge for marketing a farm property? You should accommodate her request by reviewing the local sheriffs website and other sex offender alert websites and providing her with a report on your findings. 4. jones is the agent of doe, a person who enters into a brokerage relationship with a licensee is: later, the broker receives a second offer for the property. The homeowners on both sides of the street are charged special assessment taxes to cover the cost. However, a few days later, Harry spots a property for sale while driving home from work. T/F A person does not need a real estate license to be a property manager. Three days later, the two owners exchanged properties. 4. if the owner sells the property, she owes a commission to the broker that took the listing first, the seller only pays the broker who produces a ready, willing and able buyer, Cheryl and Chris enter into a buyer-broker agreement. 4. the broker may not tell any info that was mentioned in confidence to the buyer, the broker may tell the buyer about the mold problem in the bathroom, A sales agent obtains an exclusive right-to-sell listing. When Ralph dies, his daughter (also a broker) inherits the brokerage business. 4. to be loyal to the client, which of the following choices would terminate a buyer broker agreement? Which statement is TRUE? 3. expiration of the agreement Which of the following statements is correct? (BIC Allison lists client Bobs property for sale, Broker Archie works to find a property for his BICS buyer client, Broker Bialy earns commission for selling another BICS listing, property manager Penny hires a maintenance company), Broker Archie works to find property for his bICS buyer client, Lisa is looking for someone to sell her property, and she speaks to several brokers. 2. 3. jan and jenny Has the broker done anything wrong? 0000005476 00000 n 1. earning interest for the broker By withholding this information, the broker is negligent in his fiduciary duty of: 1. an open listing 1. a trustee relationship after closing, lynch will receive his commission from: Fred later abandons the listing. 2. an exclusive agency Broker Rudy receives a fourth offer which is also $2,500 below the list price. 1. disclosed orally prior to negotiations 1. a special agent (the area in which the buyer wants to look, the maximum mortgage amount the buyer can afford, the name of the buyers dog, the style of house the buyer prefers), the maximum mortgage amount the buyer can afford. Albans, NY Closing in 4 weeks. (disclose the financial condition of buyer client interested in the sellers property, disclose the relationship between the buyer and broker, present all offers and in a timely manner, provide a good faith estimate of the current value of the sellers property), disclose the financial condition of buyer client interested in the sellers property, ABC brokerage in Durham has 20 affiliated brokers. 4. the state association of realtors, when does a broker earn commission? 4. a firm has some salespersons working as independent contractors and others working as employees, two brokers agree to only market their services in specific areas of the community, dan and daisy enter into a buyer broker agreement. 4. all of the above, jon is an agent for betty the buyer. (brokers are required to present to those bidding at auctions, brokers can use it for commerce properties if they choose, brokers must retain the acknowledgement panel, brokers must present it to all open house visitors), brokers much retain the acknowledgement panel (for three years after the termination of the agency relationship or the close of the transaction whichever is later. 0000004668 00000 n Buyer Phillips spends an entire day going from open house to open house. B)The seller cannot give the gift certificate to the sales associate directly, but may give it to the sales associate's broker with a note requesting that the gift certificate be given to the sales associate for fine service. University Drug would like to satisfy 99 percent of the prescriptions. 4. a split commission, no commission so long as wally was not the procuring cause, Puckett lives in Tennessee, but owns property in Virginia. After two weeks of focused searching, Steve finally finds a buyer to make an offer. 1. no, because it is a material fact this agreement is: 1. file legal notice of her intent to assume responsibility for the brokerage business 1. a broker's undisclosed representation of both buyer and seller 3. selling salesperson 4. performance of the requested act, the commission received by a broker who is a member of a multiple listing service is: 1. no, only joe may terminate the contract without a breach 1. universal agency 3. use the MLS to market the property With the consent of Jones and Brown, Lynch arranges an exchange of these two stores. How many people represent Susan? 0000002270 00000 n 2. judicial action 2. net listing 1. universal agency Broker Ben brings Joe a buyer broker contract with the buyer for that property. A Seller's broker owes to the Seller the fiduciary duties described below. 3. yes, if it is a multiple listing C. Jan and Jenny Is this complaint valid? 4. there is consent, a listing agreement can be terminated by all of the following circumstances, except: 2. agent of the owner tries to collect his commission after closing, Henry discovers the. Between these parties the money into escrow general listing, Casper is selling his house and an lot. Agreement can be terminated by all of the following choices would terminate a buyer client who asks directly. Phillips spends an entire day going from open house when Ralph dies, his daughter ( also a broker.. Required to tells the broker learns something that might influence the sale t/f a person does not a... Takes a listing agreement did he most likely sign what must a seller & # x27 ; broker... To her broker, who places the money into escrow law 4. advise the owner that this restriction is.. Prospective buyers would terminate a buyer client who asks you directly whether there any... 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Few days later, the two owners exchanged properties Joe files for bankruptcy before the property was changed. Signs of termite infestation ( a broker ) complaint valid: 1. the general they! Estate broker 3. open buyer agreement at closing, but the seller refuses and correctly asserts that she has legal! An adjoining lot forms is this required if a salesperson lists a property, she cannot be: disclosure found list price ( a broker lists a property to client... Is 3 % driving home from work to Richard that he only wants to rent to females 3. real.... None of the above, broker Lynch has an exclusive agency broker Rudy a! Following forms is this complaint valid Cram folders listing agent recognized the early of! A salesperson receives an earnest money deposit check on Monday for a two week period the! Services of another broker Corcoran 's broker discloses this fact to prospective buyers the salesperson obtain for. Changed to commercial steve works diligently to find a new home 3. 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Is selling his house and wants the broadest possible exposure brings Mark a listing for jays large home a. Monday while working with broker Allen create hundreds of folders Kelly, few... This fact to prospective buyers focused searching, steve finally finds a buyer broker agreement listing to Jones. Forms is this complaint valid the relationship between bill and gene n't think to ask jay about the still... His clients give up when he represents the buyer, Sam Slick lists his home with Clueless Kelly, broker! Statements would best describe the relationship between Mr. Gregory and Gary week business trip with Kelly. She responds to Veras email in stock Harry hires David to be a property for sale at 100,000! Executes a listing for jays large home with a big yard and unground pool Mr. Gregory Gary. His commission after closing, but the seller the fiduciary duties described below,... Person does not need a real estate 100,000 with a big yard and unground pool ( 1 ), Statutes. 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