Examlex

Solved

There Are a Number of Different Types of Listing Contracts

question 19

Multiple Choice

There are a number of different types of listing contracts that can be used when marketing a property.Which of the following types of listings requires the broker to be paid a commission if any other broker,or even the owner,sells the property during the contract period?


Definitions:

Discretion

The freedom to decide what should be done in a particular situation, often given to officials or agencies in executing laws and policies.

Treaty Ratification

The formal approval process of a treaty by a country's legislative body, making the treaty legally binding.

Senate Vote

A formal expression of opinion or choice, either positive or negative, made by an individual senator or the collective senate body in legislative decision-making.

Signing Statements

Written comments issued by the President of the United States upon signing a bill into law, which may outline interpretation or express concerns about parts of the legislation.

Related Questions