Question

City Realty recently started to develop a new policies and procedures manual. What is the fourth step they need to take in developing the manual...?

AWrite the company policy manual
BReview the size and experience of the broker's office staff
CReview the advantages and disadvantages of each agency relationship
DReview the various agency relationships

Answer 1

The fourth step that City Realty needs to take in developing their policies and procedures manual is to review the various agency relationships.

Step-by-step explanation:

The fourth step that City Realty needs to take in developing their policies and procedures manual is to review the various agency relationships.

This step is crucial as it helps City Realty understand the different types of agency relationships that exist in the real estate industry. By reviewing these relationships, City Realty can establish guidelines and procedures that align with the specific type of agency relationship they choose to adopt.

Some examples of agency relationships in real estate include buyer's agency, seller's agency, and dual agency.