Question

Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. This type of sale is known as what?
a. Dual-agency sale
b. Principal sale
c. In-house sale
d. Net sale

Answer 1

Answer:

c. In-house sale

Explanation:

Based on the information provided within the question it can be said that the type of sale is known as an In-house sale. This term refers to a sale where the listing broker also represents the buyer in the sale that is taking place. Which is exactly what is happening in this situation since both Jim and Sally work for the same brokerage.