34. Unless some other written agreement has been made, the broker will usually r

Question

34. Unless some other written agreement has been made, the broker will usually receive the sales commission when a. The purchases takes possession b. The seller list the property c. The transaction is closed d. A ready, willing, & able buyer produces an offer 35. A seller refused to pay a commission to the broker even though there was a valid listing agreement and the broker procured a buyer for the property. What can the broker do? a. Sue the seller in court for the fee b. File a lien on the seller's property for the fee c. Obtain an injunction to stop the sale d. Collect the fee from the buyer 36. Which one of the following is not part of the Sherman Antitrust Act: a. Price-fixing b. Allocation of customers c. Group boycotting d. Allocation of commission splits 37. An employment agreement between a broker and salesperson that defines the nature, and obligation and responsibilities of the relationship in which the salesperson taxes are not withheld from their pay is which of the following? c. Employee a. Independent contractor d. Independent Employee b. Employer 38. A trade fixture is: a. Personal property b. Real property c. Real Estate d. Fixture 39. All of the following, BUT ONE are Physical characteristics of Real Estate: c. immobility a uniqueness b. Permanence of the Investment d. Indestructibility

Explanation / Answer

34) (C)- The transaction is closed.

35) (A)- Sue the seller in court for the fee.

36) (D)- Allocation of commission splits.

37) (A)- Independent Contractor.

38) (B)- Real Property.

39) (B)- Permanence of the investments.

40) (A)- Scarcity.

41) (A)- Severance.

42) (A)- Severance.

43) (C)- Real Estate.

44) (D)- Real Property.

45) (A)- Deed.

46) (B)- Grantor.

47) (A)- Will.

48) (B)- Title.

49) (A)- General Warranty Deed.

50) (B)- Special Warranty Deed.

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