Reading Comprehension Word Problems #2 Scenario E - Q1: The same firm cannot represent me and the buyer?Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form. A. Multiple representation relationship with designated agency B. Multiple representation relationship without designated agency C. I reject multiple representation relationships D. Multiple representation relationship with both buyer and seller? Scenario E - Q2: The same firm may represent the buyer and the seller?Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form. A. Subagency B. I reject multiple representation relationships C. Multiple representation relationship with designated agency D. Multiple representation relationship without designated agency Scenario E - Q3: Multiple representation relationship without designated agency means?Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form. A. The same firm may represent me and the other party, but must hold the seller’s interests above those of all others involved B. The same firm may represent me and the other party as long as the same agent is not representing us both C. The same firm may represent me and the other party as long as the same brokerage is not representing us both D. The same firm may represent me and the other party but the firm must remain neutral regardless of one or more different agents are involved Scenario E - Q4: Which one represents that one will not put their own interests ahead of your interests and will not provide advice or opinions to other parties if doing so is contrary to your interests?Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form. A. Multiple representation relationship with designated agency B. Multiple representation relationship without designated agency C. Subagency D. I reject multiple representation relationships Scenario D - Q1: What would be filled in on row 4 of the WB-1?A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes. The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell: Sale price: $279,900.00 Total Commission: $16,094.25 Total Remaining Commission to the Listing Broker: $9,096.75 Term Date of the Contract: September 30th Row 113 is checked Email and Fax delivery are both options A. “in the City of Mount Pleasant, County of Racine” B. “in the Village of Mount Pleasant, County of Kenosha” C. “in the Township of Mount Pleasant, County of Racine” D. “in the Village of Mount Pleasant, County of Racine” Scenario D - Q2: Approximately how many months is the listing agreement for?A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes. The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell: Sale price: $279,900.00 Total Commission: $16,094.25 Total Remaining Commission to the Listing Broker: $9,096.75 Term Date of the Contract: September 30th Row 113 is checked Email and Fax delivery are both options 3 months 5 months 6 months 8 months Scenario D - Q3: What percentage is documented in rows 27 & 52?A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes. The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell: Sale price: $279,900.00 Total Commission: $16,094.25 Total Remaining Commission to the Listing Broker: $9,096.75 Term Date of the Contract: September 30th Row 113 is checked Email and Fax delivery are both options A. 5.50% & 2.4% B. 6% & 2.5% C. 5.25% & 2.4% D. 5.75% & 2.5% Scenario D - Q4: Which rows are checked on page 6 of the WB-1?A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes. The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell: Sale price: $279,900.00 Total Commission: $16,094.25 Total Remaining Commission to the Listing Broker: $9,096.75 Term Date of the Contract: September 30th Row 113 is checked Email and Fax delivery are both options A. 283 & 297 B. 287 & 297 C. 287, 289 & 297 D. 287, 289, 292 & 297
