CompuCram Pre-Assessment | 188 Questions with 100% Correct Answers | Updated & Verified | 26 Pages

The client is always liable for the acts of - his/her agent. The agent may be liable to the seller for breach of duty. Revocation occurs when - the principal ends the relationship; the agent is no longer authorized to act on behalf of the client. A lender must give a buyer a - good-faith estimate of settlement charges within 3 days of the loan application. The sales price is a - credit to the seller. To serve as a broker-in-charge a licensee must - possess two years of full time brokerage experience. A broker shall not - advertise or display a "for sale" or "for rent" sign on any real estate without the written consent of the owner or the owner's authorized agent". Restitution is - rescission where the contract is undone, all obligations terminated and all consideration returned.