Salesperson Sally works for Broker Bob and plans to sell her own home. Assuming proper permissions are obtained, she may handle trust funds related to the sale of her home in each of the following ways, EXCEPT: Select one: a. She can list her home with Broker Bob and use Broker Bob's trust account b. She can list her home with another broker and use that broker's trust account c. She can open her own trust account and register it with the Georgia Real Estate Commission d. She may hold the funds in a special savings account without registering it with the Georgia Real Estate Commission
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She can list her home with Broker Bob and use Broker Bob's trust account - This is acceptable as long as Broker Bob gives permission and all transactions are properly documented. b. She can list her home with another broker and use that broker's trust account - Show more…
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Akash M.
A licensed real estate salesperson may, with supervision of the employing broker, do any of the following except A. assist in the preparation of an appraisal B. fill out escrow records C. assist in the management of real property D. deposit money into real estate escrow account
A prospective seller has arrived to discuss a listing with a broker for a 3-bedroom, 1-bath house with a swimming pool and a 2-car detached garage. She explains to the broker that her mother had the property in a trust, and she has two sisters who have an equal share of their mother's estate. The house faces the freeway, and the prospective seller says she has been at the house during rush hour and hasn't noticed any noise. There is also some kind of work going on in a vacant lot next to the house. What should the broker do next? A) Ask to see her identification, a copy of the trust, and review the preliminary report before she does anything further with the sale. B) If an agreement with the prospective seller is reached, prepare a 6-month probate listing agreement. C) Have the other siblings sign a release of liability so the prospective seller can be the designated signor of all the paperwork. D) Gather information that is necessary to properly disclose the activity, construction, and noise in the neighborhood. E) Get in touch with the mortgage holder and find out how long before the mortgage accelerates. F) Advise the prospective seller that it is not necessary to disclose the freeway because the buyer will have constructive notice.
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