Question

A real estate licensee is usually presumed to be the agent of the:

1) Party paying the commission
2) Party with whom a written contract has been signed
3) Owner of the property
4) Buyer

Answer 1

A real estate licensee is usually presumed to be the agent of the owner of the property (3).

Step-by-step explanation:

A real estate licensee is usually presumed to be the agent of the owner of the property. The owner of the property is the party who has the legal title to the property, and the real estate licensee typically acts on their behalf in transactions involving the property. This presumption is based on the fact that the real estate licensee has the authority and responsibility to represent the interests of the property owner.

Escrow is another significant concept in real estate transactions. During this process, a neutral third party holds onto funds or property until the fulfillment of certain conditions, such as the completion of a home sale. This third party also handles the payment of home insurance and property taxes through the escrow account, offering convenience to the homeowner.

So, the answe is 3.