7) If a person with several heirs dies intestate, what happens to the property? 3) Should all written housing listing contracts contain one of the following definitions? 2) What type of listing is least attractive to a broker? (a) must be printed on NCR paper. b) must be larger than 6 points. c) must be authorized by MLS. (d) must not exceed 6 points. Termination rights: No, we`re not talking about the rights of the cyborg assassins of the future (these are Terminator rights) – but this section is pretty important, so listen. If the agent or buyer is to terminate the employment relationship, termination rights in principle determine how you should dissolve. Expect to find the language like: Reasons for termination, as termination should take place, how much compensation (if available) the agent receives, or how much notification should be given in advance. Termination tends to become sticky (one of the reasons why you might want to think twice before hiring a friend or family member). In addition to knowing exactly what this section requires you to do, make sure you know how to choose the right realtor to avoid this chaos in the first place. 8) An inseratist must provide a potential seller with a copy of the disclosure and have it signed a) Exclusive Agency and Real Estate Condition b) Exclusive Right of Representation and Exclusivity c) Open Sereat and Net List (d) Exclusive Rental Rights and MLS Rules 1) An owner transfers ownership of a property to a buyer for consideration.

Is that an example? 8) A brick fence spanning the land line of two neighbors. Neighbours agree not to damage it. Is that an example? (p) A licensee cannot contact the seller or lessor directly or negotiate a sale, exchange or lease of real estate if the taker knows that the seller or lessor has an exclusive agency contract or an exclusive right to sell with another broker. The representative of a buyer or tenant or sub-agent may make an offer to the seller or lessor if the seller or broker of the seller or lessor is present. 3) For an act to give the title, is it necessary for the act to be what? (2) If the property offered for sale is owned by a federal authority, a broker may exercise, on behalf of the owner, activities listed in K.S.A. 58-3035 f) and modifications, after obtaining oral authorization from the federal authority, for which services must be provided. 6) How long does a contractor have to consent? 2) What can a broker demand from its independent contractors? 1) Which of the following types of listing contracts can not be entered into by a real estate licensee? Duration: The duration is the period during which your contract is active. Many contracts last about 90 days, but as long as you and your agent agree, they can be as long or as short as you like.

The language of duration may also contain instructions on what happens when the contract expires, if you have not yet found your new searches – if you extend the contract, renegotiate the terms, share the parts, etc. Remember that waiting for time is the easiest way out of a contract you don`t want to be in, so think carefully about signing a little over six months. Let`s be honest, buying a home is a complicated process and there`s probably a lot more to your head than the buyer`s agent agreement.