The Rarest of Permitted Actions of a Real Estate Broker

question 5

Multiple Choice

The rarest of permitted actions of a real estate broker is to:

• A) actively seek out purchasers and advertise the property at the agent's own expense.
• B) inspect the property and value it for the purposes of establishing an offering price.
• C) act as agent for both vendor and purchaser.
• D) execute the purchase agreement on behalf of the vendor under a power of attorney.
• E) prepare a written offer to purchase for the prospective purchasers to sign.

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Definitions:

Design Collaboration

The partnership between various stakeholders in the product design process to enhance creativity, efficiency, and product quality.

Supply Collaboration

The strategic partnering among suppliers and buyers to streamline supply processes and optimize inventory levels.

Replenishment Cycle

The process and timeframe involved in restocking goods, from order placement to receipt and availability for sale or use.

Retailer/Distributor Interface

The relationship or interaction point between retailers and distributors in the supply chain for product distribution.