Sears Life
This is the number of years the company is required by the commission to keep records including texts, emails, and other forms of communication.
What is four years?
This is the maximum number of licensees allowed for a team.
What is four?
This person or people may accept a subpoena or service document on behalf of someone in the company.
Who is the managing broker or staff? (Someone's whereabouts should not be given out.)
Listings and Contracts belong to this.
What is the company?
Agents may hold more than one open house at a time.
What is true- as long as homes are vacant and both can be monitored?
This is the year Sears Real Estate was founded.
What is 1971?
These people are allowed to approve advertising.
Who is the employing broker or marketing director? (All advertising must be approved in advance.)
This legal document defines an agent's rights, obligations, and responsibilities with the company and allows you to receive a 1099.
What is the Independent Contractor Agreement?
This is when a sign may be placed in a yard.
What is when listing agreement paperwork is turned into the office?
Only certain referrals must go through the relocation department.
What is false? (All of them.)
This is the "concealed carry" weapons policy for agents or the public in the Sears Real Estate building.
What is not permitted?
Saying "perfect family home" or "man cave" is an example of this.
What is a fair housing violation?
This is the company's "coming soon" policy.
What is disallowed unless a disclosure is signed?
This is the time frame earnest money must be deposited.
What are three days from receipt (earnest money deadline)?
If a client has opted out of receiving emails from you, you can still reach out to them one time per year for marketing purposes.
What is false? (CAN-SPAM laws)
A board member's term is this long.
What is three years?
This is what the RESPA stands for.
What is Real Estate Settlement and Procedures Act?
This is the office policy for commissions charged and what we offer the coop broker.
What is 6% commission and 3% for coop broker?
This must be on file at the office in order to advertise a property in any way.
What is a signed written listing agreement?
Broker Associates may work part-time at Sears and have another full-time career or job elsewhere.
What is false? (Very few exceptions are made for part-time things such as Pampered Chef or coaching a team.)
When a complaint cannot be reported to your employing broker, this is who you report it to.
What is a board member?
This is the minimum policy/dollar amount required for E&O coverage.
What is $250,000/occurance and $750,000/year?
This is an example of how our company would resolve an earnest money dispute between a buyer and a seller.
What is mediation, 120 day period, or interplead into court?
This is the fine for a missing LBP disclosure and the responsible party.
What is $16,000 (and not covered by E&O insurance) and who is the broker associate?
If you do a CMA for someone, they can pay you directly since it is such a nominal fee.
What is false? (You can NEVER accept a commission yourself - it must ALWAYS go through the company.)