Question

In: Operations Management

1) Which of the following is true regarding agency in Tennessee? An implied agency relationship can...

1) Which of the following is true regarding agency in Tennessee?

An implied agency relationship can exist without an agreement through the actions of a licensee.

A facilitator relationship must have a written agreement.

Facilitator relationships are not legal.

In the absence of a written agreement, there is no such thing as implied agency.

2) Before presenting an offer to a FSBO (for sale by owner) seller, a buyer's agent must obtain a

commission waiver.

agency agreement.

signed disclosure.

commission commitment.

3) Before presenting an offer to a FSBO (for sale by owner) seller, a buyer's agent must obtain a

commission waiver.

agency agreement.

signed disclosure.

commission commitment.

4) The primary relationship between a broker and client is the

agency relationship.

employee relationship.

licensee relationship.

transaction relationship.

Solutions

Expert Solution

1) Which of the following is true regarding agency in Tennessee?

An implied agency relationship can exist without an agreement through the actions of a licensee.

2) Before presenting an offer to a FSBO (for sale by owner) seller, a buyer's agent must obtain a

Commission commitment.

3) The primary relationship between a broker and client is the

Agency relationship.

4)Which of the following is most likely to be the cause of involuntary termination of an agency agreement?

Destruction of the property which is the subject of the agreement

keosha answered 2 years ago
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