Answer to Question 1
The seller's disclosure statement is a detailed document prepared by the seller concerning the property and its condition. A buyer is less likely to find fault should a problem arise after the purchase. It is the duty of the seller to fully disclose the condition of the property.
Answer to Question 2
In an open listing, the seller reserves the right to sell the property on his own so the broker/agent may not even receive a commission.
In a flat fee listing, the compensation is a set fee unrelated to the sale price of the real estate.
In net listings, the broker earns a commission only on that part of the sale price that exceeds a predetermined and stated price.
In an exclusive agency, the broker is the sole exclusive agent with the exclusive right to sell the property. Generally, compensation is a percentage of the sale price.
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(a) Homologous traits are similar due to shared ancestry. (b) Analogous traits (bats’, birds’, and f
Example of Reconciling a Bank Statement Cont.
A funnel is one way to visualize the diagnostic process. The purpose is to narrow the possible ...
Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose.
The science-based DRIs serve as the basis for information