When the agency status is that of facilitator, the facilitator represents: the b

Question

When the agency status is that of facilitator, the facilitator represents:

the buyer and seller.

the buyer.

the seller.

neither the buyer or the seller.

Jane Smith listed and sold a company’s building, for which the company paid her a fee. Which would be TRUE regarding this situation?

Jane Smith would not need a real estate license as companies are exempt.

Jane Smith would need a real estate affiliate broker’s license.

Jane Smith would need a real estate broker’s license.

Jane Smith would not need a real estate license since it was commercial property.

Explanation / Answer

1. A facilitator facilitates both the buyer and seller but do not represent any of them. Hence the correct option is d. Neither buyer nor seller.

2. Companies are not exempt from the real state license and Jane would need a real estate broker’s license. Hence the correct option is c. Jane Smith would need a real estate broker’s license

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