An Owner Lists a Home for Sale with XYZ Realty

question 34

Multiple Choice

An owner lists a home for sale with XYZ Realty, with instructions to submit the listing to the multiple listing service and invite other brokers to help find a buyer. This is an example of a:

• A) dual agency
• B) cooperating agency
• C) implied agency
• D) buyer's agency

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Definitions:

Special Bank Account

An account designed for a specific purpose, often subject to certain conditions or restrictions different from regular accounts.

Circulating Security Interests

A security interest in movable assets that change in quantity or value, allowing the debtor to buy, sell, or exchange the collateral without changing the secured status.

Administrator

An independent and suitably qualified person appointed to take full control of a company in an attempt to save either the company or the company’s business.

Execute a Document

The act of signing a document or contract officially, thereby making it legally binding.