Agency relationshi Study guides, Class notes & Summaries

AZ Real Estate Exam 2022 #15 AGENCY RELATIONSHIPS QUESTIONS AND ANSWERS 2024

Agency Relationship and Broker Responsibilities questions with correct answers

Real Estate Exam Delaware Questions and Answers 100% Correct Most residential real estate transfers require the seller to provide the buyer with this - Correct Answer ️️ -Seller's Disclosure of Real Property Condition Report Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex breaches the sales contract, how long does Piper have to sue Alex for breach of contract? Eight years Four years - Correct Answer ️️ -Three years Which of the following statements...

Agency Legal relationship where one party allows someone else the powers to act for them or on their behalf in some manner or capacity" Vicarious liability (Respondent Superior) refers to the responsibility one individual has for the acts of another In the real estate business, this would be the case when a listing or buyer's broker is an "agent" of the seller or buyer It also means that as an agent, we share or have the same intents as our principals For real estate relationships the ag...

When a client decides to end an agency relationship, it is called ____. a. revocation b. renunciation c. deuces d. mutual rescission - ANSWERSa. revocation What is required for an agency relationship to form? - ANSWERSconsent of an agent and the principal Which of the following BEST describes what happens when Broker Bob signs a listing agreement with Seller Sally? - ANSWERSA fiduciary relationship is formed A broker who enters into a Listing Agreement with a seller is considered ...

DECA- Business Management+ Administration Career Cluster with Complete SolutionsDECA- Business Management+ Administration Career Cluster with Complete SolutionsDECA- Business Management+ Administration Career Cluster with Complete SolutionsDECA- Business Management+ Administration Career Cluster with Complete Solutions As the principal in an agency business relationship, Lynn tells Bob to take specific action on her behalf under certain circumstances. What type of authority has Lynn given to Bo...

who owes fiduciary duties in an agency relationship correct answers the broker only which activity does not exemt from the requirement to provide disclosure under the brokerage relationship disclosure act correct answers showing property to a party that is not being represented as an agent a broker is employed by and acts on behalf of a correct answers principal a general agency relashionship exists when a correct answers sales associate is employed by a broker broker John just recei...

The principal is also known as - Answer- client fiduciary relationship - Answer- a relationship founded on trust and confidence Agency Relationship - Answer- Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal - Answer- is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA - Answer- Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents. Texas Re...

OLERE 2023 UPDATED EXAM QUESTIONS AND ANSWERS "Administrative Procedures Act" ("APA") -ANSWER- means Article I and/or Article II of the Administrative Procedures Act, 75 O.S. §§ 250 et seq. "Complainant" -ANSWER- means any person who files a Request for Inquiry against a LPC, Candidate, or a person who delivers licensed professional counseling services without a license. "Complaint Committee" -ANSWER- means one Board member who is a LPC, the Executive Director, the Assista...

Real Estate Brokerage (Agency)question n answers graded A+ 2023Agency - correct answer Relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactions Agency coupled with an interest - correct answer Agency relationship in which the agent is given an estate or interest in the subject of the agent (the property) Agent - correct answer One who acts or has the power to act for another. A judiciary relationship is created under t...