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Aceable III - Law of Agency License Exam And Answers Solved 100% Correct 2024.
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When a client decides to end an agency relationship, it is called ____. a. revocation b. renunciation c. deuces d. mutual rescission - Answer a. revocation What is required for an agency relationship to form? - Answer consent of an agent and the principal Which of the following BEST describes what happens when Broker Bob signs a listing agreement with Seller Sally? - Answer A fiduciary relationship is formed A broker who enters into a Listing Agreement with a seller is considered a: a. client b. principal c. trustee d. fiduciary - Answer d. fiduciary For real estate license holders, who is considered "your principal"? a. client b. broker c. third party
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