California Exam 01 Questions & Answers 100% Correct(GRADED A)
Fiduciary applies to the relationships between people in many different positions. It does not apply to which of the following? ATrustor to beneficiary BAttorney-in-fact to principal CAttorney to client DAgent to seller - ANSWERTrustor to beneficiary Fiduciary is an agency relationship. Trustor to beneficiary is borrower to lender. A fiduciary relationship may be terminated by: Aagreement. Brevocation. Cdeath. Dall of the above. - ANSWERall of the above. What event does not terminate (or dissolve)an agency? ADeath of listing agent (not broker) BFull performance CExpiration of term DDestruction of listed property - ANSWERDeath of listing agent (not broker) Since the broker owns the listing, only the death of the listing broker, not the listing agent, would terminate the listing. In order to record a lease, the document must be acknowledged before a proper official by the: Apublic administrator. Bnotary public. C
Document information
- Uploaded on
- September 13, 2023
- Number of pages
- 26
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
