Ask Question
BusinessBusiness
30 June, 18:19

Licensee Frank works for Broker Harry. Frank lists a home. Licensee Mary, who works for Broker Sam, sells Frank's listing. With whom does the seller have the agency agreement?

a. Frank

b. Mary

c. Harry

d. Sam

+5
Answers (1)
  1. 30 June, 20:00
    0
    C) Harry (broker Harry to be more exact)

    Explanation:

    When a seller signs an agency agreement, he/she signs a contract with the broker, not with the broker's employees.

    Depending on the type of agreement that the seller signed with broker Harry, the seller will have to pay one or two sales commissions.

    If the seller singed an open listing agreement then he/she will only pay the selling commission to broker Sam (Mary works for him), but if the agreement was an Exclusive Agency Listing or an Exclusive Right-to-Sell Listing, then the seller will have to pay a commission to broker Harry also.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Licensee Frank works for Broker Harry. Frank lists a home. Licensee Mary, who works for Broker Sam, sells Frank's listing. With whom does ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Firms pay famous individuals to endorse their products because A. apparently demand is affected not just by the number of people who use a product but also by the type of person that uses the product. ' B.
Answers (1)
Consider the closed (no exports or imports) Latverian economy in which the consumption function is C = 300 + 0.75DI (where DI = Y - T is Disposable Income) and investment (I) is always $900.
Answers (1)
When the value of the dollar declines in relation to other currencies, it benefits u. s. marketers who?
Answers (1)
A holder is a person who is in possession of a negotiable instrument that is
Answers (1)
Reserves increase if the Federal Reserve a. raises the discount rate or auctions more credit. b. raises the discount rate but not if it auctions more credit. c. lowers the discount rate or auctions more credit. d.
Answers (1)
New Questions in Business
What step must be taken before investigators can determine if data tampering has occurred?
Answers (1)
If a manager uses a free-rein leadership style, then he/she would more than likely provide the workers tools needed in order to make decisions and progress toward the goal. This is called A. equality. B. enabling. C. effectiveness. D. efficiencies.
Answers (2)
What happens to the price and the quantity bought and sold in the market for ice cream if the local dairy farm faces a milk shortage and the newspaper publishes a report on the health benefits of a dairy-free diet
Answers (1)
According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-cost loans.
Answers (1)
Mark is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360.
Answers (1)
Home » Business » Licensee Frank works for Broker Harry. Frank lists a home. Licensee Mary, who works for Broker Sam, sells Frank's listing. With whom does the seller have the agency agreement? a. Frank b. Mary c. Harry d. Sam
Sign Up Forgot Password?