This concludes Chapter 23. Below is a brief summary which you can review before you take your chapter quiz.
Listing agreements:
The Exclusive Authorization and Right to Sell is a listing for sale of one or more specifically described parcels of real property.
The listing of a sale of residential property of not more than four units must contain: "Notice: The amount or rate of real estate commissions is not fixed by law. They are set by each broker individually and may be negotiable between the seller and broker."
Under a listing's "safety clause," there will be a period of time set forth for after the expiration of the listing, during which the broker will be entitled to compensation if the owner personally sells to someone who physically entered and was shown the property or who wrote an offer on it.
The broker must notify the owner in writing of the names of the prospective buyers with whom the broker has negotiated during the listing term.
A broker may NEVER use a listing form in which the amount of compensation is preprinted prior to negotiation with the seller.
A multiple listing service (MLS) is usually operated by brokers affiliated with a real estate association. The broker MUST have written permission from the seller before he can submit the property to the MLS. The listing broker controls the listing and agrees to split the commission with the cooperating agents.
A listing agreement authorizes the broker to:
Net Listing
Real Estate Purchase Agreements in California:
Acceptance of the property’s condition is a contract provision.
Disclosures upon the sale of real property:
Residential Environmental and Earthquake Hazards Disclosure: The seller and agent provide the buyer with the Seismic Safety Commission's booklet: “Homeowner's Guide to Earthquake Safety”.
The seller MUST disclose that a property is in an earthquake zone.
Asbestos: carcinogen mineral used as insulation in houses. Encapsulation or removal MUST be performed by a state-licensed technician.
Lead
Radon is a RADIOACTIVE gas produced by the natural decay of radioactive substances.
Methamphetamine
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
321 | Real Estate Law 77 | 2019.05.13 | 98 |
320 | Real Estate Law 76 | 2019.05.13 | 92 |
319 | Real Estate Law 75 | 2019.05.13 | 115 |
318 | Real Estate Law 74 | 2019.05.13 | 100 |
317 | Real Estate Law 73 | 2019.05.13 | 77 |
316 | Real Estate Law 72 | 2019.05.13 | 83 |
315 | Real Estate Law 71 | 2019.05.13 | 88 |
314 | Real Estate Law 70 | 2019.05.13 | 103 |
313 | Real Estate Law 69 | 2019.05.13 | 144 |
312 | Quiz 10 | 2019.05.12 | 8839 |
311 | Review Chapter 10 | 2019.05.12 | 141 |
310 | Real Estate Law 68 | 2019.05.12 | 115 |
309 | Real Estate Law 67 | 2019.05.12 | 103 |
308 | Real Estate Law 66 | 2019.05.12 | 89 |
307 | Real Estate Law 65 | 2019.05.12 | 92 |
306 | Real Estate Law 64 | 2019.05.12 | 147 |
305 | Real Estate Law 63 | 2019.05.12 | 95 |
304 | Real Estate Law 62 | 2019.05.12 | 159 |
303 | Quiz 9 | 2019.05.11 | 7147 |
302 | Real Estate Law 61 | 2019.05.11 | 116 |
301 | Real Estate Law 60 | 2019.05.11 | 83 |
300 | Real Estate Law 59 | 2019.05.11 | 98 |
299 | Real Estate Law 58 | 2019.05.11 | 105 |
298 | Real Estate Law 57 | 2019.05.11 | 273 |
297 | Real Estate Law 56 | 2019.05.11 | 147 |
296 | Real Estate Law 55 | 2019.05.11 | 92 |
295 | Real Estate Law 54 | 2019.05.11 | 111 |
294 | Quiz 8 | 2019.05.10 | 11442 |
293 | Real Estate Law 53 | 2019.05.10 | 783 |
292 | Real Estate Law 52 | 2019.05.10 | 96 |