Please answer all correct answers for mulitptle choice 13 Helen is a salesperson

Question

Please answer all correct answers for mulitptle choice

13 Helen is a salesperson with ABC Realty Inc. and is holding an open house at one of her new listing Charles lives nearby and sees the open house. Charles has had his property listed for sale with XYZ Real Estate Ltd. for several months and is interested in seeing how Helen is marketing this property. Since Charles has had no offers, he is unhappy with his salesperson and is now quite anxious because this listing is new competition for him. During the conversation with Helen, Charles asks her to give him advice on h he can terminate his listing so he can list his property immediately with her and take advantage of her marketing Helen advises Charles that he should speak to XYZ Real Estate Ltd. about his concerns because she is not permitted to become involved in his relationship with the other brokerage. Have Helen's actions violated any of the obligations under the Real Estate and Business Brokers Act (REBBA), 2002, and why? a Yes, because an open house allows potential clients to view the property and obtain information ab b Yes, because Helen's obligations are to provide conscientious and competent service, including advice on c No, because Helen's obligations are owed to the sellers where the open house is being held and she is not d No, because Helen should not be interfering with an unexpired listing agreement between Charles and XYZ types of services a brokerage would provide, so Helen should have provided the advice to Charles how to terminate a contract when the client is not satisfied with the services they are currently receiving. permitted to list another competing property until this property is sold Real Estate Ltd. Garcia of ABC Realty Inc. is the listing salesperson for 123 Main Street. There is an agreement between the sellers and ABC Realty Inc. that the commission will be reduced from 6% to 5% offer from one of his own buyers that is accepted by the sellers. On property. 14 s in an e week later, there are two offers on the One of them is from Garcia's own buyer and the other is from Nadia at XYZ Real Estate Ltd. rding to the Code of Ethics requirements of the Real Estate and Business Brokers Act, 2002, what is Garcia required to do with respect to the commission arrangement with the seller? has an obligation to protect the interests of his cdlient by ensuring that the reduction of commission is will need to inform Nadia of the commission reduction for Garcia's offer only if his buyer's offer is kept confidential actually accepted writing by Nadia and authorized to do so by the sellers. b Garcia d to inform Nadia of the commisssion reduction for Garcia's offer only if specifically requested in c Gar cia nee st inform Nadia of the commission reduction for Garcia's offer prior to any offer being accepted dia o

Explanation / Answer

Q13) Answer is d) No, because Helen should not be interfering with an unexpired listing agreement between Charles and XYZ Real Estate Ltd.

The advice provided by ABC/Helen is correct and she is not violating any obligations under REBBA Act. as Charles has a listing agreement with XYZ currently and hence he should break the contract to get listed in ABC.

Q2) Answer is d) Garcia must inform Nadia of the commission reduction for Garcia's offer prior to any offer being accepted.

Buyer should be informed of any commission reduction prior to offer acceptance.

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