David Saks: March 2015

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 4010

The owner decides to abandon the property he has listed with a brokerage.

This will terminate the relationship that the broker has with the owner.

True or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

 Abandoning the property will not terminate a broker-seller agreement.

If the seller / owner declares bankruptcy the relationship could be terminated.




David Saks



Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • March 30 2015 12:17AM
Real Estate Practice : Lesson 4010
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The owner decides to abandon the property he has listed with a brokerage. This will terminate the relationship that the broker has with the owner. True or false Take your time. The solution is posted below the wildlife photo. &… more
Real Estate Practice : Lesson 4009
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When a real estate broker acts as the agent for the seller the broker has an obligation to disclose confidential information about the seller to the buyer if it helps the chances of closing the deal. True or false Take your time. The… more
Real Estate Practice : Lesson 4008
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In a real estate transactionn, when one speaks of a fiduciary relationship their typically referring to a relationship that will allow another person to act on behalf of another with the additional privilege and grant of legal power for the other… more
Real Estate Practice : Lesson 4007
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A house was built on top a pile of manure. The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams. This would be considerd an example of a stigmatized property True or false.. more
Real Estate Practice : Lesson 4006
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A buyer inquired as to whether or not a city landfill was going to be constructed on an adjacent lot in a new subdivision. The seller's agent replied that she didn't know even though the agent was fully aware of the fact and failed to disclose… more
Real Estate Practice : Lesson 4005
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A buyer paid $460, 000 for the house. The lot was valued at $65, 000. The mortgage was for $200, 000. After all is said and done, how much equity does the homeowner have in the place A. $260, 000 F irst of all, the… more
Real Estate Practice : Lesson 4004
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Homeowner's purchase homkeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false A. False Homeowner's insurance doesn't cover… more
Real Estate Practice : Lesson 4003
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A homeowner's house was constructed in such a way so that the floor of the house was built nearly two feet above a one hundred year old flood mark. The homeowner wants to apply for a federally related home loan. The lender must require… more
Real Estate Practice : Lesson 4002
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A mortgage broker told a homeowner that he could deduct the appraisal fee from his annual gross income for income tax purposes. Is this true or false A. False It could be considered a fraudulent misrepresentation of facts… more
Real Estate Practice : Lesson 4001
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A homeowner insurance policy contained a provision for coinsurance along with coverage that insured the home for total replacement cost. The home burned down and the homeowner had to settle for the present cash value of property damaged in the… more