5.A counteroffer is an alternative response to an offer received consisting of terms different from those of the offer rejected.
9.A broker of one-to-four unit residential property is relieved of the responsibility of verifying the representations regarding property conditions he receives from others and passes on to buyers as long as the source of information is disclosed to the buyer.10.A broker cannot represent as “free of charge” a brokerage activity normally performed in a transaction on which they are to be paid a fee.
12.A broker cannot act for more than one party in a transaction, including himself, without disclosing his dual agency and obtaining the client’s consent at the time the conflict arises.
13.Indirect kickbacks commonly provided by third-party services in exchange for referrals from brokers and agents include:• entry into a “referral contest” drawing for referring a lead;• paying for sporting events or theater tickets;• throwing a party for anyone who referred business;• paying the admission to a real estate seminar/education;• paying for real estate listing advertising; and• paying for subscriptions to 800 numbers and call-capture numbers.
9.A broker of one-to-four unit residential property is relieved of the responsibility of verifying the representations regarding property conditions he receives from others and passes on to buyers as long as the source of information is disclosed to the buyer.10.A broker cannot represent as “free of charge” a brokerage activity normally performed in a transaction on which they are to be paid a fee.
12.A broker cannot act for more than one party in a transaction, including himself, without disclosing his dual agency and obtaining the client’s consent at the time the conflict arises.
13.Indirect kickbacks commonly provided by third-party services in exchange for referrals from brokers and agents include:• entry into a “referral contest” drawing for referring a lead;• paying for sporting events or theater tickets;• throwing a party for anyone who referred business;• paying the admission to a real estate seminar/education;• paying for real estate listing advertising; and• paying for subscriptions to 800 numbers and call-capture numbers.
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