You asked: What is the downside of allowing subagents to participate in selling a property?

Does a seller have the option to reject sub agency when signing the listing agreement?

Does a seller have the option to reject subagency when signing the listing agreement? No, sellers must accept subagency.

What describes any wrongful behavior by a fiduciary?

Undisclosed Profits. refer to the act of a broker making a secret profit in a transaction at the seller’s expense. Self-Dealing. any wrongful behavior conducted by a fiduciary. Fiduciaries have expert knowledge and skill and are paid to apply that knowledge and skill for the benefit of their client’s not themselves.

When you authorize a broker to act for you after he or she has already done so it is known as?

The owner/seller. When you authorize a broker to have acted for you after he or she has already done so, it’s known as: a. Estoppel.

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What is a seller subagent in real estate?

What is a subagent? A subagent is a real estate agent or broker who brings in the buyer to purchase a property, but he is not the property’s listing agent. The subagent usually earns a portion of the commission. Subagents are rare today because of the popularity of buyer’s agents and due to liability concerns.

Does a seller have the option to reject Subagency?

Does a seller have the option to reject subagency when signing the listing agreement? … *Yes, the seller can choose to reject or accept subagency.

What happens if an offeree alters and then?

If an offeree alters any part of an offer and then signs it, … the original offer is extinguished and the offeror is not bound by any agreement. the original offer becomes a contract with the alterations subject to acceptance or rejection by the offeror.

What is a common breach of the fiduciary duty of accountability?

A breach of fiduciary duty occurs when a principal fails to act responsibly in the best interests of a client. The consequences of a breach of fiduciary duty are multiple. They can range from reputation damage to loss of a license and monetary penalties.

What happens when fiduciary duties are not fulfilled?

If the party fails to fulfill his legal obligations, it is a breach of fiduciary duty and can result in a lawsuit in civil court. … Whether or not the two parties were actually in a fiduciary relationship when the problem occurred.

What do we call the unreasonable restriction?

What do we call the unreasonable restriction of business activities that results from conspiracy among members of a trade? Restraint of trade.

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What is the term given to the person who has entered into a listing agreement with a seller?

What is the term given to the person who has entered into a listing agreement with a seller? Buyer’s agent.

When a salesperson chooses to leave the employ of a broker that broker must notify the DRE within quizlet?

When a salesperson changes employment from one broker to another, the former employing broker must notify the DRE in writing . The former broker must return the salesperson’s license certificate to the DRE within 3 days. New employing broker must notify DRE within five days of accepting the salesperson.