Question

Which of the following is a common type of agency relationship?

Facilitator agency

Closer agency

Buyer/Tenant agency

Disruptor agency

Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?

A detail advertising plan

A copy of the signed listing agreement

Professional pictures of the property

An appraisal of the property

The date used to establish lien priority for a mechanic's lien is the date of

the first mortgage payment after the mechanic's work has been completed.

beginning or ending the mechanic's work, per state law.

recording the lien.

the lienee borrows money to pay the debt.

Answer 1

1. C. Buyer/Tenant agency

agency relationship is when there are two parties I. e. principal and agency and one party (principal,) is bound by the actions of the other party (agent).

in buyer tenant agency, broker is the agent and the seller is the principal. it is one of the most common type agency relationship.

2. B. a copy of signed listing agreement.

As we know, it is always better to keep a copy of the document we signed or agreement we agree upon. in licensing agreements, both parties can keep a signed copy of listing agreement for future reference.

3. B. beginning or ending the mechanic's work, per state law.

lien is a right to the possession of the property belonging to another person until a debt is owed or performance is made.

mechanic lien is when the person that improved the value of the property doesn't get paid for the supplierd value or parts, he can file a mechanic lien in the court.

as per law, for a mechanic date used to establish line is either beginning or end of the work.