The Broker Writes an Offer on One of His Own

question 60

True/False

The broker writes an offer on one of his own listings. He should inform the buyer that he is an agent of the seller as well as the buyer prior to closing.

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Definitions:

Conditioning

An approach to modifying behavior by teaching a subject to connect a favorable behavior with a stimulus that was initially unrelated.

Extinction

In behavioral psychology, the gradual decrease and eventual elimination of a conditioned response when it is no longer reinforced.

Unconditioned Stimulus

A stimulus that naturally triggers a response without the need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, comes to elicit a conditioned response.