If a Seller Offers to Give a Real Estate Agent

question 20

Multiple Choice

If a seller offers to give a real estate agent a listing that contains an illegal discriminatory clause, the agent should:

• A) refuse the listing
• B) take the listing, then tell the seller the clause is illegal
• C) take the listing and report it to the multiple listing services
• D) take the listing and follow the seller's wishes

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Definitions:

Nominal Rate of Interest

The rate of interest before adjustments for inflation.

Inflation Rate

The speed at which the overall price level for goods and services increases, leading to a decline in buying power.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Bracket Creep

A phenomenon where inflation pushes income into higher tax brackets, increasing taxation without an actual increase in real purchasing power.