Blog

Relating back to Question #24, you create this type of multiple unit interest by filing a master deed. 

One would need to use a/an ____________________________ deed to sell off a specific unit of a condominium complex.

Evan is a seller. Frank is a buyer. Gary is the broker.                   Evan asks Gary to advertise his home for sale. Evan is asking Gary to list the house. 

 A/a cleaning deposit is done to assure the landlord that he/she will receive payment. 

 When will a real estate agent/broker get paid for selling a house?

In a/an _________________________________ arrangement, the seller is required to pay a commission to one broker if that broker sells the property.

 A/an ___________________________________ relationship occurs when one firm represents both the buyer and seller in a transaction. 

Relating back to Question #4 above, the potential buyer hired Gary to be his broker and find him a home to buy.  What type of broker arrangement is this between the potential buyer and Gary? 

Albert is a broker, and he represents Brent, who is a home owner. Brent would like to sell his home.  Candy comes forward, as a potential buyer of Brent’s home.  Brent instructs Albert to sell Candy the home.  Albert, instead, decides to sell the home to David.  What duty has Albert breached? 

Language in a deed states:                                   To Gary and Harry.                   This language indicates that this property will be: