ZuoTi.Pro
Question

Which of the following is a duty of a broker? (Section 858-353) Choose all that apply Receive all offers or counteroffers in writing (unless waived) Treat all parties with honesty and exercise reasonable skill and care. Keep the perty for whom the broker is providing brokerage services informed regarding the transaction □ Timely account for all money and property.
$858-353. Broker duties and responsibilities. A. A broker shall have the following duties and responsibilities to all parties in a transaction, which are mandatory and may not be abrogated or waived by a broker: 23 1. Treat all parties with honesty and exercise reasonable skill and care; 2. Unless specifically waived in writing by a party to the transaction: a. teceive all written offers and counteroffers, b. reduce offers or counteroffers to a written form upon request of any party to a transaction, and c. present timely all written offers and counteroffers; 3. Timely account for all money and property received by the broker, 4. Keep confidential information received from a party or prospective party confidential. The confidential information shall not be disclosed by a firm without the consent of the party disclosing the information unless consent to the disclosure is granted in writing by the party or prospective party disclosing the information, the disclosure is required by law, or the information is made public or becomes public as the result of actions from a source other than the firm. The following information shall be considered confidential and shall be the only information considered confidential in a transaction: 1. 2. that a party or prospective party is willing to agree to financing terms that are different from those 3. the motivating factors of the party or prospective party purchasing, selling, leasing, optioning or 4. information specifically designated as confidential by a party unless such information is public; that a party or prospective party is willing to pay more or accept less than what is being offered, offered exchanging the property, and 5. Disclose information pertaining to the property as required by the Residential Property Condition/ Disclosure Act; and 6. Comply with all requirements of The Oklahoma Real Estate License Code and all applicable statutes and rules.
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

As per Section 858-353; a broker has many duties, some of them are followings –

  • Receive all offers or counteroffers in writing (unless waived)
  • Treat all parties with honesty and exercise reasonable skill and care.
  • Keep the party for whom the broker is providing brokerage services informed regarding the transaction
  • Timely account for all money and property received by the broker

Therefore all the above options are correct regarding the duties of a broker.

0 0
Add a comment
Know the answer?
Add Answer to:
Which of the following is a duty of a broker? (Section 858-353) Choose all that apply...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of...

    Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of physician-centered and collaborative communication. How is the caregiver’s role different in each model? How is the patient’s role different? Answer: Physical-centered communication involves the specialists taking control of the conversation. They decide on the topics of discussion and when to end the process. The patient responds to the issues raised by the caregiver and acts accordingly. On the other hand, Collaborative communication involves a...

  • A. Issues [1] In addition to damages for one year's notice period, can a trial judge...

    A. Issues [1] In addition to damages for one year's notice period, can a trial judge award significant damages for the mere fact of an employee's dismissal, or for the stigma that that dismissal brings? Or for the employer thereafter competing with the ex-employee for the clients, before the ex-employee has got a new job? B. Basic Facts [2] This is an appeal from 2009 ABQB 591 (CanLII), 473 A.R. 254. [3] Usually a judgment recites facts before law. But...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT