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Overview of the Three Methods of Sale
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Sub-topic 1 of 8
Comprehension
Which statement correctly describes the role of a salesperson across the three methods of sale?
A
Salespersons are only involved when the seller uses an exclusive listing - open listings allow sellers to transact directly without any salesperson
B
Salespersons may only assist in private treaty sales - auctions and tenders are handled exclusively by auctioneers and lawyers
C
A salesperson can assist the seller across all three methods: in private treaty as the negotiating agent, in auction as the marketing coordinator, and in tender as the process manager
D
CEA prohibits salespersons from advising on auction or tender sales, as these are specialised processes that constitute the exclusive work of licensed auctioneers and conveyancing lawyers rather than estate agency work.