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Exam (elaborations)

REE 3433 Test 2 (1)

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Exam of 2 pages for the course Prometric CNA Skills rubrics at Prometric CNA Skills rubrics (REE 3433 Test 2 (1))

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REE 3433 Test 2
false - ANS-agent employs principal is T/F

indemnity - ANS-______ agreements protect agent from liability

consent - ANS-what you have to have to create agency relationship:

universal - ANS-What agency relationship has the most authority?

special agents - ANS-Most real estate brokers and salespeople are:

3rd party - ANS-If principle is undisclosed or partially disclosed, ____ gets to decide
who is liable

secret - ANS-an incentive to have an undisclosed principal, it is kept _______ (think
disney)

false (has to be 2 years) - ANS-To become a broker you need to be a sales person for 1
or more years: T/F

not (they are responsible for negligence) - ANS-brokers are ____ responsible for
intentional torts by their salesperson

not - ANS-brokers are ____ responsible for agent punching someone in the face

no - ANS-if you have a contract and 1 party provides consideration, do you have a
contract?

valid - ANS-The following elements are required for parties to create a
______ real estate contract:
1. Agreement (offer and acceptance)
2. Consideration
3. Capacity of the parties
4. Legal purpose
5. Satisfaction of the Statute of Frauds (writing or evidence of
record)

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