1. Exclusive-right-of-sale listings may be terminated by ALL BUT which of the following?
a) At the broker's request for the owner's failure to cooperate
b) At the broker's request when the own refuses to lower the price on an overpriced listing
c) At the owner's request for poor performance
d) At the owner's request when the owner has found a buyer outside of the broker's efforts
2. The Orange Brokerage has the following listing policy: "Salespersons are not allowed to enter into any listing at a listing price of 20% greater of the Competitive Market Analysis (CMA) with an agreement with the seller to lower the price to no more that 5% of the CMA after 30 days." A primary reason for this policy is
a) Overpriced listings are unlikely to sell and recoup the advertising expense.
b) Listing a property at a higher than market price decreases the chance that the property will sell for a premium price.
c) Properties always sell for more than the Competitive Market Analysis
d) The policy lessens the liklihood that the salesperson and seller will get into an arguement about the value of the property.