A Listing Agreement Allows a Broker to Be an Independent Contractor

      Comments Off on A Listing Agreement Allows a Broker to Be an Independent Contractor

3) Under what conditions is he NOT allowed to work as an independent contractor? a) You must participate in all sales pitches. b) You must have signed a written employment agreement. c) You must work at least 15 hours per week. d) You must perform all work in the office. a listing broker received a bona fide offer and a personal cheque as a deposit. the prospect asked the listing broker to keep the cheque unwashed until the end of the week. The listing broker must: a) The income must be based on the income entry. (b) Contractors must have access to workers` compensation benefits. (c) The contractor must hold a real estate salesperson`s or broker`s licence. d) There must be a written contract.

1) Which of the following types of registration agreements can a real estate licensee NOT enter into? (a) The contractor may impose a mechanic`s lien on the owner`s property for the quantity of timber. (b) The lumber yard may place a lien of the seller on the contractor and owner for the quantity of timber. c) The lumber yard may place a mechanic`s lien on the owner`s property for the quantity of wood. d) The owner has no liability because the contractor was paid for the wood. a) The broker will withhold taxes from the licensee`s commission. (b) The licensee may work from home. c) The broker and licensee will comply with the New York Real Property Act. (d) The licensee may operate an external workplace. a) Fill out an explanatory form describing the facts of the event. b) Refuse to enter into a registration contract with the Seller or an Agency of the Buyer with the Buyer.

c) Tell the buyer or seller that the form must be signed before the agent can legally show a property. d) Refuse to negotiate on behalf of the Seller or buyer. 2) What can a broker require of its independent contractors? A registration agreement authorizes the broker to represent the principal and the client`s property vis-à-vis third parties, including securing and submitting bids for the property. Under the terms of real estate licensing laws, only a broker can act as a broker to register, sell, or lease another person`s properties, and in most states, listing agreements must be in writing. Mr. Bickman entered into the agreement with Mr. Adams Jr., the bank`s CP at the time. After Mr. Adams Jr. 1) If a licensee joins a business as an independent contractor, which of them will likely have to be paid by the bank itself? 7) What happens if the broker hires an agent to represent the seller as seller_s agent and another agent who represents the buyer as an agent buyer_s in a transaction? B employs an auctioneer with good credit in time to sell A`s goods and allows the auctioneer to receive the proceeds of the sale. The auctioneer.

2) What type of registration is least attractive for a broker? Death, bankruptcy or insanity may and will terminate a registration contract. 2) DOS Regulation 175.23 requires a broker to do what? Options: The document contains a language option to assign the contents of an existing distribution broker`s list to a new broker. When a distributor leaves one broker and moves to another broker, the new broker needs an assignment of the content of the listing, whether or not the listing agreement is assigned to the new broker. In an open offer, a seller employs an unlimited number of brokers as agents. This is a non-exclusive type of registration and the selling broker is the only broker entitled to a commission. In addition, the seller reserves the right to sell the property independently and without commitment 6) What is the recommended time frame for the agreement of a contractor? Notes: The last paragraph contains a remuneration from the distributor to the listing broker and a note stating that the sales licensee must receive assignments from the authors of all copyrighted articles assigned to the listing broker by the sales licensee. As noted above, any use of a copyrighted work without a license may constitute infringement. If a broker or MLS abandons or licenses rights in a copyrighted work, the acquirer will likely require assurance and warranty from the broker or MLS that the copyrighted work is an original work of the broker or MLS, or that the broker or MLS has otherwise obtained all the rights necessary to grant the assignment or license. In order for the broker or mlS to be able to make this insurance, he must ensure that the chain of ownership or license is complete.

The assignment made in this document creates a link in the chain, but if the distributor assigns rights to copyrighted works created by others, e.B photographers who have created photos, the distributor must obtain a transfer of these people. a) Exclusive agency and condition of ownership b) Exclusive right of representation and exclusive agency c) Open advertisement and Net Registration d) Exclusive rental right and MLS rules a) within 2 days of signing the registration contract. (b) after the signature of the registration agreement. (c) before a first meeting. (d) before signing a registration contract. 3) Declarations of exclusive registration contract for all residential apartments a) Exclusive broker b) Exclusive agency c) Exclusive right of sale d) Open a) Transfer of deeds. (b) mortgage brokers. (c) Succession. (d) open privileges.

9) There are two adjacent plots. An easement allows property A to use the access road belonging to property B. In this situation, it is said that property A is which of the following compared to property B? a) Supervise only the activities of employees. b) Keep written records of all real estate listings a seller receives. c) Sign all registration agreements drafted by an independent contractor. (d) Supervise the activities of independent contractors only if they work more than 26 weeks per year. a) Refuse to negotiate on behalf of the Seller or the Buyer. (b) Refuse to enter into a registration contract. c) Fill out an explanation form that describes the facts of what happened. (d) Complete a notification form No. 1245.

5) How much time does the broker have to keep records of all his sales transactions? 1) What type of listing most motivates a broker to market a property? 1) What type of registration agreement is illegal for New York licensees? (a) before the signature of an agency contract buyer_s.b) after the signature of an agency contract buyer_s.c) after submission of a tender. (d) three days before closure. 3) Which of the following conditions would not be a condition that you would find in an independent contractor contract? 2) What type of listing allows the owner to sell his property directly without receiving commission? a) You must work in the office. b) You must receive a salary. c) You must participate in weekly sales pitches. d) You must sign a written agreement. Inform the seller – the fiduciary duties of listing brokers require full disclosure of essential facts. If the buyer asks the listing broker to keep the cheque unwashed until the offer is accepted, this essential fact must be communicated to the seller when the listing is submitted 3) All written residential real estate contracts must include which of the following definitions? An agent is a person who legally represents the insurer and has the authority to act on behalf of the insurer, while a broker represents the purchaser of insurance. A listing contract is a document in which an owner signs a contract with a real estate agent to find a buyer for the owner`s property.

.

Share