Brokerage fee provisions which may be included in a seller’s exclusive right to sell listing agreement include:
Correct Answer
B) a termination provision.
The Statute of Frauds requires listing agreements to be in writing.
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Broker Sarah delivered an offer to purchase real property to Owner Martha. Owner Martha asked for 24 hours to consider the offer. Later that same day, Broker Sarah received two additional offers through other brokers. Broker Sarah believes the owner will reject all three offers. In order to comply with the law, Broker Sarah is to:
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Brokers must maintain trust account records: