Question

A TREC-approved form, the __________ presents a broker’s duties and obligations to a prospective client or customer. However, it does not establish or disclose an agency relationship or the existence of an agency relationship between two parties.

Answer 1

Answer:

Group of choices:

A. Information About Brokerage Services (IABS) statement

B. vacancy clause

C. Seller's Disclosure of Property Condition

D. Residential Real Property Affidavit

The correct answer is A. Information About Brokerage Services (IABS) statement .

Explanation:

The brokerage service starts from a commercial contract in which a person is in charge of putting a seller and buyer in contact, in order to make the sale of a real estate. Without this intervention, the purchase would not occur, and therefore it is considered a service that has a variable remuneration according to the value of the property, rates set in the contract, etc.