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Homestead Realty had a listing agreement with Gertrude. The listing expired, and Gertrude moved the listing to another firm. Another licensee at Homestead Realty has a buyer client who's interested in Gertrude's property. What restrictions are in place for Homestead Realty? Homestead may not represent a buyer for the previously listed property. Homestead may represent the buyer but may not disclose any information about the property or previous offers on it. Homestead may represent the buyer, must disclose material facts about the property, and must maintain Gertrude's confidentiality. No restrictions are in place since the previous property listing expired.

Trina's property is listed with Avalon Homes. The market is a little slow, and Trina's listing is a high-end home, where sales are even slower. She's had several showings, but no offers. The term of the listing agreement is nearly over. What happens when the termination date is reached?- The listing expires and is automatically terminated. - Trina can't extend the listing agreement, so she'll have to list with another brokerage firm. - Trina owes Avalon whatever compensation was noted in the listing agreement. - Trina's agent may still try to sell the property.

Assuming licensee Shannon has actual knowledge of all of the following property issues, which of these issues should she disclose to prospective buyers?- The nearby school system is one of the worst in the area. - The neighbors like to throw a lot of parties. - The tree in the front yard is at least 50 years old. - The upstairs bathroom has a leaky toilet.

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