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부동산

Real Estate Law 25

2019.05.07 12:25 Views : 82

Check Your Understanding Answers

  1. What is the broker’s responsibility to a client?

    The broker is responsible for meeting the needs of the client above the needs of everyone else, including him or herself.
     
  2. What is a licensee’s responsibility to a client?

    Since the licensee is representing the broker, he or she has the same responsibility to the client that the broker does. 
     
  3. What types of things is a broker NOT authorized to do for a client?

    The broker does not have the authority to do certain things such as:
    • Accepting an offer on a listing even if it is for the full purchase price. Only the owner can decide whether or not to accept an offer
    • Allowing the buyer to move into the property before the closing without the owner’s permission
    • Proposing an offer on a property on behalf of a buyer client without the client’s permission
       
  4. Under what conditions might a broker be responsible for something someone else in a transaction stated to a client or customer?

    The broker would be responsible for that information if he or she should have known the information because a reasonable person would have known it.
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