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Terms in this set (18)In Georgia, an ad for a piece of property MUST include: Firms must include in the advertisement a name of the firm as registered with GREC and a telephone number for the firm. A firm runs this ad: "Wonderful three-story house in Oak Run for sale. Four bedrooms, three bathrooms. Remodeled kitchen. Call Rockin' Realty in Atlanta, GA, 888-888-888." What, if anything, is the ad missing? Any advertising by a licensee of real estate for sale, rent, lease, or exchange must disclose the name and telephone number of the licensee's firm. This ad does, so it's fine as is. A broker made 4% commission on a $485,000 sale, How much did the broker make in commission? $19,400 An agent took listing cards with him when he transferred to a new company in Georgia. What should the broker at the old company do? release the agent's license and make a complaint to GREC Ernie, an agent in Georgia, is selling his own property. The ad should include: the sellers holds a real estate license What is a qualifying broker? This person is responsible for the business and every licensee in it. There can only be one in the firm. Under Georgia license law, funds must be deposited in escrow within how many business days? three The two brokerages involved in a sale are going to split the commission 50/50. If the commission is 6% on the sale of a home sold at $325,000, how much will each broker receive? $9750 Which of the following is NOT part of the Telephone Consumer Protection Act (TCPA)? TCPA is an act that governs advertisements and activities related telemarketing. It does not make a requirement that states all registered numbers may only be called once every 30 days. The other answer choices are true. Which of the following represents the most traditional form of a commission? The size of a commission is commonly measured as a percentage of the sales price. The franchise under which a firm operates is Century 22. Their firm name as registered with GREC is Halycon Properties. What names should the firm include in their ad? Any firm using a trade name or any franchisee must clearly and unmistakably include the firm's name as registered with GREC in a manner reasonably calculated to attract the attention of the public. Century 22 and Halycon Properties Upon release from a brokerage in Georgia, a license holder has how long to join a new broker before becoming inactive? one month James is a broker in Georgia. One of the agents he sponsors gives him a contract to review. James returns the contract, with feedback, to the agent within one week of the contract's date. Evaluate the situation. his actions are fine "A licensee must always advertise in the name of the firm." In Georgia, is this ALWAYS true? Usually, all ads run by licensees must be run in the name of the firm in Georgia. However, when acting as principal, licensees can run their own ads, as long as the broker has been notified in writing of the specific real estate to be advertised; and the broker gives written consent to advertising the specific real estate and approves the advertisement itself. A brokerage in Georgia wants to use a trade name. What does it need to do? The firm needs to register its trade name with the Clerk of the Superior Court in each county in which the firm is operating; and apply for a new license with the trade name on it, issued by GREC. Are net listings legal in Georgia? No Are net listings legal in Georgia? A 6% commission is equally split between two brokers on a $73,000 sales price. The sales agent on the listing side was paid 70% of the listing broker's share. The sales agent for the buyer's agent was paid 30% of the buyer agent's split. How much did the sales agent for the buyer's agent receive? $657 The size of a firm name on an advertisement in Georgia should appear: The name of the firm advertising the real estate for sale, rent, or exchange must appear in equal or greater size, prominence, and frequency than the name or names of any affiliated licensees or groups of licensees. Sets found in the same folderTest 1027 terms holly_mann1 AceableAgent Level 1247 terms bmorris1226 Real Estate Cram155 terms bmorris1226 Test 1132 terms holly_mann1 Other sets by this creatortest questions- National10 terms Tamstr32 MATH Test5 terms Tamstr32 National Test32 terms Tamstr32 Math Test8 terms Tamstr32
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The Cultural Landscape: An Introduction to Human Geography, AP Edition13th EditionJames M. Rubenstein 216 solutions Other Quizlet setsCh 2 - Professional Organization16 terms Noemi_Cabello1 Women in History Exam 127 terms emilydettbarn1 Network + N10-007 - copied Ehall717 edited118 terms ValerieBossTEACHER Chapter 16 - Blood Vessels78 terms jmoor140 How do you write an advertisement for real estate?We're here with eight tips for you to write a real estate listing description that sells.. Describe the property accurately. ... . Choose adjectives wisely. ... . Avoid red flag words. ... . Include words that add value. ... . Highlight unique features. ... . Take notice of punctuation. ... . Leave out super basic info. ... . Use great photos.. What must a licensee do when selling their own property and placing ads in local publications quizlet?what must a licensee do when selling their own property and placing ads in the local publication? disclose their license status BEFORE entering serious negotiations.
What items should you bring with you to a listing appointment quizlet?An agent should bring the following items to a listing appointment the CMA. ? a listing agreement form, a marketing plan information about the agent and the agents brokerage, and a net proceeds to seller form which we discuss later in this section. The agent can also bring the agency relationship pamphlet.
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What is required to be included on an advertisement for properties listed for sale by agents quizlet?
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