listings require agent diligence locate buyer quizlet

Which of the following listings does not require the agent to use diligence to locate a buyer quizlet?

X
A buyer who feels comfortable w/ agent will talk & answer questions about their property requirements, size, location & pricing - property info sought by agent.

Here, the discussion has dramatically shifted from selling property to finding property, as described by buyer.

At some point, w/ this agent or another, buyer acquires confidence to involve themselves w/ a particular agent in the search. For the moment, they have an agent.

A commitment? Possibly, but this is not yet known to the agent. The agent lacks the solicitation by a thoughtful presentation of a written authorization - a buyer's listing agreement - to be entered into by the buyer before the agent starts the hunt.

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Which of the following listings does not require the agent to use diligence to locate a buyer?

Which of the following listings does NOT require the agent to use diligence to locate a buyer? Open. (It is a unilateral contract and the agent has not agreed to use diligence.)

What is a net listing?

In a net listing, an owner sets a minimum amount that he or she wants to receive from the sale of the property and lets the broker have as commission any amount above the set minimum.

Under which type of listing will an agent receive a commission?

Explanation: Under an exclusive right to sell listing, the listing agent will earn a commission if the property sells during the listing period, even if another agent or the seller finds the buyer.

When using an option listing the broker is forbidden by law to?

(d) profit at the expense of the owner. When using an option listing, the broker is forbidden by law to: (a) charge a commission.

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