What is an exclusive agency? What is a dual agency?
What will be an ideal response?
An exclusive agency is the most common form of agency in a real estate transaction. The seller gives the broker/agent the exclusive right to market the property and receive a commission upon the sale of the property. A dual agency occurs when the broker/agent represents both the seller and the buyer in a real estate transaction.
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Kevin is in an unhappy marriage. His wife, Stella, has been depressed and drinking more than she should because they recently discovered they could not have children. He is interested in pursuing adoption of an infant right away as a way of curing Stella's depression, although Stella is not ready to accept that path yet. Which of the following is probably not true in his situation?
a. The couple should reach consensus about adoption before pursuing it. b. They would probably not be qualified through a preplacement home study. c. The wait for an infant might be quite a bit longer than the wait for an older child. d. His motive is so strong that placement should be achieved fairly quickly.
A green card permits all aliens in the United States to work
Indicate whether the statement is true or false
In copyright, the term writing includes:
A) Books. B) Sermons. C) Addresses. D) All of the above.
Before legal analysis can begin, the preliminary preparation that must take place includes:
A. Identification of the issue B. Gathering of the relevant facts C. Acquisition of a basic familiarity with the area of law involved in the case D. Identification of the legal remedy E. All of the above F. Answers a and b above G. Answers b and c above