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UNIT 9 - CA LEGAL ASPECTS OF REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS

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UNIT 9 - CA LEGAL ASPECTS OF REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS

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California Legal Aspects Of Real Estate

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California Legal Aspects of Real Estate

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UNIT 9 - CA LEGAL ASPECTS OF
REAL ESTATE EXAM 2025
QUESTIONS AND ANSWERS

Agency - ANSWER✔️✔️-Legal relationship where a principal authorizes an agent to represent

them with third parties

Fiduciary relationship - ANSWER✔️✔️-Implies trust and confidence in a legal relationship

Agent - ANSWER✔️✔️-Person representing another's business interests with authority

Principal - ANSWER✔️✔️-Client authorizing an agent to act on their behalf with third parties

Third party - ANSWER✔️✔️-Customer affected by an agreement but not part of it

General agency - ANSWER✔️✔️-Principal delegates ongoing tasks to an agent under their employ

Special agency - ANSWER✔️✔️-Principal delegates limited tasks to an agent under their employ

Cooperating broker - ANSWER✔️✔️-Selling agent aiding another broker in finding a buyer

Dual agent - ANSWER✔️✔️-Broker representing both seller and buyer in a transaction

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unit 9 ca legal aspects of real estate exam 2025

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UNIT 9 - CA LEGAL ASPECTS OF REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS

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