According to the real estate commission's regulations, an agreement of sale MUST contain the

1. amount of broker's compensation
2. disclosure of controlled business arrangements
3. dates for payment and conveyance
4. metes and bounds legal description

Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?

1. yes, if the appraisal is identified as a comparative market analysis
2. yes, if the appraisal is done before an offer to purchase is accepted by the seller
3. yes, with proper disclosure to the lender about the broker's qualifications

D.no, real property appraisals are not within the scope of practice for a real estate broker

A valid exclusive listing contract in Pennsylvania must contain all of the following EXCEPT?

A. the duration of the listing

B. the commission expected

C. the listing price of the property

D. the automatic renewal clause