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An owner has a fence on his property. By mistake, the fence extends one foot over the lot line onto a neighbor’s property. The fence is an example of a(n)

If a seller wants to keep any of these, they must be excluded from the purchase contract EXCEPT

A broker sold a residence for $560,000 and received $14,000 in commission. What was the broker’s commission rate?

Several years ago, a seller of a single-family residence planted a tree in the backyard to commemorate the birth of a child. The seller placed a restriction into the deed that the tree not be cut down as long as it remained alive. This deed restriction

A listing agent knew the septic system of a listed property needed to be repaired. The listing agent promised the seller to disclose the needed repairs to any prospective buyer who asked. However, none of the prospective buyers asked about the condition of the septic system. The listing agent

All of these are violations of federal antitrust laws EXCEPT

“Salesperson A has a 70/30 agreement for commission splits with their Broker A. The salesperson receives 70%, while the broker retains the remaining 30%. Salesperson A lists a property for $500,000 with a 2.5% listing commission, and a concession offer of 2.5% for a cooperating broker that brings a qualified buyer to the deal. Salesperson B has a 60/40 split, respectively, with their Broker B. Salesperson B brings a qualified buyer to the deal, and the property closes for a sale price of $475,000. What will Broker B’s income be from this transaction?”

“A house was the scene of a drug arrest and a violent murder last year. When it was listed on the market, many people considered it to be a “

What kind of listing agreement is illegal in many states because of the potential for conflict of interest between a broker’s fiduciary responsibility to the seller and the broker’s profit motive?

A listing agreement is