FIN 3351 Chapter : Chap012
Document Summary
Chapter 12 - real estate brokerage and listing contracts. For this service, brokers are paid what is commonly referred to as a: commission, licensing fee, recovery fee, listing fee, the importance of brokers in the real estate market is often overlooked. Chapter 12 - real estate brokerage and listing contracts: in acting as an agent for another person, the broker carries several special responsibilities, which by law must be adhered here to throughout the transaction process. This type of brokerage relationship is commonly referred to as: unintended dual agency, universal agency, transaction brokerage, multiple listing, state licensing laws generally prescribe two levels of real estate brokerage licensing: the broker license and the salesperson license. Chapter 12 - real estate brokerage and listing contracts: critical to any listing contract is the question of when the broker becomes entitled to a commission.
