Asked by
Mackenzie Rockovich
on Nov 23, 2024
Verified
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.
Power of Attorney
A legal document granting one individual the authority to act on behalf of another in legal or financial matters.
Real Estate Broker
A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.
Permitted Actions
Actions that are allowed or sanctioned by law, regulation, or explicit permission.
- Acquire knowledge on the legal and ethical factors involved in dual agent practices in real estate dealings.
Verified Answer
RB
Learning Objectives
- Acquire knowledge on the legal and ethical factors involved in dual agent practices in real estate dealings.