Delaware License LawIntermediateDelaware Exam
What is the 'procuring cause' in a cooperating broker dispute and how is it resolved in Delaware?
ADetermined exclusively by the listing broker
BDetermined by arbitration before a local REALTOR association or MLS panel, based on which cooperating broker's continuous, uninterrupted efforts were the proximate cause of the completed transactionCorrect
CAutomatically awarded to the agent who showed the property first
DAlways determined directly and exclusively by the Delaware Real Estate Commission in every single dispute, though many experienced professionals would note some exceptions depending on the circumstances
Why Determined by arbitration before a local REALTOR association or MLS panel, based on which cooperating broker's continuous, uninterrupted efforts were the proximate cause of the completed transaction Is Correct
Answer B: Determined by arbitration before a local REALTOR association or MLS panel, based on which cooperating broker's continuous, uninterrupted efforts were the proximate cause of the completed transaction
Procuring cause disputes arise when multiple agents claim the buyer's side commission. Resolution is by arbitration — typically by the local REALTOR association or MLS arbitration panel.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
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