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Which of the following acts by a broker would fall under the list of deceptive practices as defined by the Deceptive Trade Practices Consumer Protection Act?

Broker Tom has received a considerably less than full-price offer on one of his listings from a subagent. As he is leaving to deliver the offer to his seller-client, Tom receives a call from subagent Drue, who says she is typing up an offer that she will deliver tomorrow morning after she has the buyer sign. Drue mentions a price that is almost full price. Tom should

Which of the following descriptions would be accurate and appropriate for a listing broker to use when describing the role of a subagent to a seller?

George, designated broker for Aberdeen Realty, sponsors Tina’s license. She successfully finds a property through the MLS for her best friend Blake. Unfortunately, Tina discovers the day before closing that George has left town on a family emergency. Tina needs her share of the sales commission to make her house and car payment. Although she is unable to contact George and get his written authorization for the closing office to cut her a separate check, TRELA would permit Tina to

For a broker to bring suit against a consumer to recover compensation, TRELA requires the broker to show proof

What term is used to describe a licensed broker who works for another real estate broker?

What is the correct name of the largest organization in the country for real estate professionals?

Broker Gary, owner of Orkney Realty, has verbally agreed to represent his friend Jerry in the purchase of a new home and will seek his 3.5% commission from the seller. Everything goes according to schedule until the day of closing. The seller arrives and refuses to close because his listing broker, John of Dumbarton Realty, failed to present another higher offer for the property that had arrived the week before Jerry’s. Jerry is delighted because he had changed his mind about purchasing anyway, and he doesn’t think he should have to pay Gary because he didn’t buy the house. What recourse does Gary have to secure his commission?

The relationship between a broker and licensees associated with the broker is

The TREC approved form “Information About Brokerage Services” satisfies the statutory requirement for a written statement regarding agency options only if the prospect signs an acknowledgment of receipt.