The language of trela regarding a broker's representation of more than one party to a transaction allows for the multiple representation to commence and continue orally as long as the agreement is placed in writing before closing.

a. true, but only as long as the information about brokerage services form is given and the "owner and buyer" box is checked.

b. true, as long as the information about brokerage services form is given on a timely basis.

c. false, nothing allows an intermediary relationship to be maintained by oral agreement.

d. true, except the agreement must be reduced to writing before the submission of an offer.

Question

Kaleb Bridges

Business

4 July, 05:47

The language of trela regarding a broker's representation of more than one party to a transaction allows for the multiple representation to commence and continue orally as long as the agreement is placed in writing before closing.

a. true, but only as long as the information about brokerage services form is given and the "owner and buyer" box is checked.

b. true, as long as the information about brokerage services form is given on a timely basis.

c. false, nothing allows an intermediary relationship to be maintained by oral agreement.

d. true, except the agreement must be reduced to writing before the submission of an offer.

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Answers (1)

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Athena Herman · Answer 1

I believe the answer is: c. false, nothing allows an intermediary relationship to be maintained by oral agreement.

Intermediary relationship refers to the inclusion of a third party that facilitate the agreement between the first two parties that are involved. In order for such relationship to be formed, both initial parties had to sign a legally binding document that express their acceptance of the role from the third parties.