Because buyers seldom offer the list price, the list price has no effect on time to sell. 50% of $11,370 = $5,685. Persons who are not members of the REALTOR organization have asked TAR to file amicus briefs in cases in which no REALTOR is involved. maximum that can be charged for the loan. A mortgage company sponsoring an educational event to promote its services can do so as long as the cost associated with the event doesnt cover any of the agents other expenses they would otherwise have to pay, such as the cost of the CE credit. If the agent advertises the APR, the agent must include all credit terms. decreased by listing above the market value. all of these. Or changing instructions without agreement of all parties. Agency relationships require an exchange of consideration to be formed. operational advertising. Providing legal assistance for matters pending in court or governmental agencies 3. working an area for buyers and sellers. One who has a guide dog. Disclosure of AIDS is never required. both increased by a list price below that indicated by the comparative market analysis and decreased by listing above the market value. direct mail solicitations. No. conceal the fact that the advertiser is an agent. both that the property must have been held for productive use in a trade or business or for investment purposes and that the exchange property must be of like-kind. combination of percentage of the gross and minimum fee. The Real Estate Recovery Fund is a fund created by the Real Estate License Act that is maintained by the Texas Real Estate Commission (the state agency regulating Texas real estate brokers and salesmen). chemical tests of the soil for all dangerous contaminants. Case 3: A REALTOR was sued by a buyer alleging that the agent did not disclose that the property lay in a flood-prone area or that the property had previously flooded. people are attracted to fixer-upper ads because they sense a bargain. the commission was too high. it is better to estimate costs a little on the high side than the low side. independent contractor for tax purposes. (Page 388). minimum wage requirements. In another case, litigants in a city-zoning dispute asked the Texas REALTORS to file briefs with the court. And the company must promote its services during the event to qualify for the Real Estate Settlement Procedures Act (RESPA) advertising exemption. list in designated areas. portfolio loans. Since it indicates that you fail to sell 50 percent of your listings.Page 253, Serious buyers contact real estate agents because. Accepting the offer but conditioning the acceptance on a different escrow office than specified in the offer None of these Accepting the offer verbally with a promise of a later written confirmation Accepting an offer but changing the closing date, Must be accepted in writing without any conditions or variance.Page 497. let the owners know which offers provide the agent with the greatest benefits. influential people in the community. neither you must mention this to a prospective buyer nor failure to mention the presence of the group would make you liable for any damages the buyer suffered. Assuming a 6% commission, Salesperson Andrews share would be: $11,370.00. particular ethnic group. a gross lease. being over-eager to close. A commission may be earned by an employee or an outside salesperson or entity. personal property. listings of 1 to 4 residential units. Properties listed above market value tend to sell faster than properties listed at prices closer to market value. elect, confirm, disclose. $3,411.00. allow the prospective buyers to bring along a friend or confidant. You can find out how things are done in your office by - studying your office procedure manual. increased by a list price below that indicated by the comparative market analysis. Conceal the fact that the advertiser is an agent, But any indication, like Agt., meets the requirement.Page 366.
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