Which is an example of a start up cost for a new real estate sales person?

Which of the following is considered a method to achieve a good response to an open house?

Which of the following is considered a method to achieve a good response to an open house? … Invite numerous neighbors about the open house in person, by phone, or with postcards.

When the seller and the buyer reach an agreement it is known as which of the following?

An agreement of sale is a legal document that outlines the terms of a real estate transaction. It lists the price and other details of the transaction, and is signed by the seller and the buyer. An agreement of sale is also known as the contract of purchase, contract for sale, contract agreement or sale agreement.

How are real estate salespeople paid quizlet?

agents get paid only if they sell the property. No fee is earned if the owner alone sells the property. … No fee is earned if the owner alone sells the property. You just studied 43 terms!

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Which insurance policy covers various claims for mistakes?

Errors and omissions insurance, also known as E&O insurance and professional liability insurance, helps protect you from lawsuits claiming you made a mistake in your professional services. This insurance can help cover your court costs or settlements, which can be very costly for your business to pay on its own.

Should the owner be present at an open house?

In nearly all situations, sellers are not advised to be present during an open house, so you will most likely need to make plans during the time when the open house is scheduled.

Can I outbid an accepted offer?

If the purchase contract hasn’t been signed, the seller could accept another offer, even if you think they’ve accepted yours. The seller generally cannot cancel your contract if you are in compliance simply because the seller received a better offer from another buyer.

Who writes contract buyer or seller?

Who Prepares The Real Estate Purchase Agreement? Typically, the buyer’s agent writes up the purchase agreement. However, unless they are legally licensed to practice law, real estate agents generally can’t create their own legal contracts.

Who many times can a person retake a real estate license examination quizlet?

How many times can a person retake a real estate license examination? An unlimited amount. You just studied 21 terms!

What type of bank accounts are trust funds placed into once received from clients?

Trust funds are deposited into the licensee’s general or personal bank account rather than into the trust fund account. In this case the violation is not only commingling, but also handling trust funds contrary to Business and Professions Code Section 10145.

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Who regulates real estate advertising?

The U.S. Department of Housing and Urban Development (HUD) oversees the law and restricts property owners and agents from discriminating when renting or selling single family and owner occupied property. The act also regulates what words cannot be published in advertisements.