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Ga Agency BrretaTransaction_broker_and_ministerial_actsEASY

Which of the following activities can a transaction broker legally perform under BRRETA?

Correct Answer

B) Schedule and coordinate property inspections

Correct: Scheduling and coordinating inspections is a ministerial act that transaction brokers can perform. Why not A: Advising on offer prices constitutes advocacy for one party. Why not C: Negotiating on behalf of a party creates an agency relationship. Why not D: Recommending acceptance or rejection of offers is advocacy, not a ministerial act.

Answer Options
A
Advise the buyer on the maximum price they should offer
B
Schedule and coordinate property inspections
C
Negotiate contract terms on behalf of the seller
D
Recommend that the seller reject a particular offer

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Related Topics & Key Terms

Key Terms:

ministerial_actstransaction_brokerpermitted_activities

Related Concepts

An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

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