Which of the following activities can an unlicensed personal assistant do?

According to the policy, unlicensed assistants may perform the following activities: Answer the phone and forward calls to licensee. Transmit listings and changes to a multiple listing service. Follow up on loan commitments after a contract has been negotiated.

Is finder’s fee legal in California?

“Finder” has been redefined. California’s law eliminated such machinations and gyrations. Section 25206.1 has been added to the California Corporations Code. It defines a “finder” as a natural person (not a company) who introduces accredited investors to an issuer who is seeking to raise up to $15 million in capital.

Can a California real estate agent pay a referral fee?

In California, the Bureau of Real Estate and California law permit a licensed real estate brokerage to pay a referral fee for a real estate transaction to a person not licensed by the Bureau of Real Estate, only if the person who is to get such a fee was not soliciting on behalf of the brokerage.

Which of the following best defines negligent misrepresentation?

Negligence is defined as the failure to use ordinary or reasonable care in a situation. So negligent misrepresentation is usually the result of an agent giving information carelessly or failing to verify a fact before passing it to the buyer.

Which of the following is an act an unlicensed associate Cannot legally perform?

The unlicensed associate cannot represent him/herself as being a licensed broker or as someone who can legally engage in buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any real estate for others. must pay any fees a licensee is required to pay.

What is a fair finders fee?

The terms of finder’s fees can vary greatly, with some citing 5\% to 35\% of the total value of the deal being used as a benchmark. It’s a staple of Fundera’s business model. In many cases, the finder’s fee may simply be a gift from one party to another, as no legal obligation to pay a commission exists.

Can I sue buyer for misrepresentation?

Under real estate and contract law, negligent misrepresentation is a civil wrong. This means the victim of negligent misrepresentation can sue for money damages in a court of law. Negligent misrepresentation in the contract setting is the failure to verify whether a statement of fact in a contract is truthful.

What is an enforceable fee agreement?

Although an oral agreement between brokers for a referral is fully enforceable, a documented agreement clearly sets the agreed conditions which must be met to establish when the fee has been earned, and the amount to be paid.