Question

In the context of a real estate transaction, what steps typically occur regarding the trade record sheet before it is signed by the broker of record?

A. The Salesperson reviews and signs the trade record sheet without any revisions.
B. The Salesperson reviews the trade record sheet, confirms its correctness, and initials it.
C. The broker of record customizes the trade record sheet format and signs it.
D. Any revisions to the trade record sheet are made by the broker of record before submission.

Which option accurately describes the process involving the Salesperson and the trade record sheet before the broker of record signs it?

Answer 1

Before the broker of record signs the trade record sheet in a real estate transaction, the Salesperson reviews the document for accuracy, initials it if correct, and then submits it to the broker of record for final review and signature.

Step-by-step explanation:

In the context of a real estate transaction, the typical steps involving the trade record sheet before it is signed by the broker of record usually include the following: the Salesperson reviews the trade record sheet to confirm its correctness. If the Salesperson agrees that all the details are accurate, they initial the sheet to indicate their verification.

This process ensures that the information recorded on the trade record sheet accurately reflects the transaction before the broker of record reviews and signs it. Following this initial check by the Salesperson, any necessary revisions are then made before the final submission and approval by the broker of record.