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Humber Real Estate Course 2 Actual Questions And Correct Answers

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Humber Real Estate Course 2 ACTUAL QUESTIONS AND CORRECT ANSWERS Not a way to create an agency relationship - CORRECT ANSWERS Unilateral Decision The principal in a seller agency relationship - CORRECT ANSWERS The seller of the property who is represented by a brokerage. If a brokerage's registration is revoked and all agreements with clients are no longer in effect, what is the reason for terminating these agency relationships? - CORRECT ANSWERS Illegality

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Humber Real Estate Course 2 ACTUAL
QUESTIONS AND CORRECT ANSWERS
Not a way to create an agency relationship - CORRECT ANSWERS
Unilateral Decision


The principal in a seller agency relationship - CORRECT ANSWERS
The seller of the property who is represented by a brokerage.


If a brokerage's registration is revoked and all agreements with clients are no
longer in effect, what is the reason for terminating these agency relationships? -
CORRECT ANSWERS Illegality


What is agency? - CORRECT ANSWERS Representation


What is the brokerage? - CORRECT ANSWERS The agent.


Fidiciary relationship - CORRECT ANSWERS Relationship of trust
between one or more parties.


Authority - CORRECT ANSWERS The legal power/right given by a
principal and accepted by the agent to act on the principals behalf in business
transactions with a third-party.


Dual agency - CORRECT ANSWERS When there's one agent
representing both the buyer and the seller


Single agency - CORRECT ANSWERS When one agent represents one
principal

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