Humber Real Estate Course 2 Questions and Answers Graded A

Humber Real Estate Course 2 Questions and Answers Graded A According to REBBA, a promise made by a registrant to a person must be _____________ In writing Individuals other than salespersons, who are registered to act on behalf of a brokerage Brokers The second disclosure step involving multiple representation that should occur before a (an) ______ is made Offer Possible legal consequences for a principal if they unlawfully terminate an agency relationship Damages A seller in an agency relationship Principal The first disclosure step regarding representation is made __________ the listing agreement is signed Before Obligations owed to a client in addition to fiduciary and regulatory General An agency authority that is expressly set out in a representation agreement Actual An agency relationship established after the fact Ratification The agent for the purposes of REBBA Brokerage Legal action for remuneration is only possible if a person is registered or _______ under REBBA Exempt One of the two duties a principal owes to an agent, beyond indemnification Remuneration Relationship between agent and principal Agency An agent obligation to obey the clients instructions only applies to those instructions that are _________ Lawful Duties owed by a principal to an agent Indemnification & remuneration type of written confirmation required by buyer/seller client if representatin agreement exceeds 6 months Initials type of report involving credit/personal info that may be referred to in connection with a buyers purchase consumer date on which a listing authority commences effective ability to collect remuneration from tow parties in one trade requires written __________ to both buyer and seller Disclosure form used to temporarily cease marketing activites relating to a listing agreement suspension consent required on a listing agreement invilving a non-owner husband or wife spousal percentage of sale price commision fee that can be collected over and above a remuneration rate with the seller clients consent referral type of customer agreement distinct from a representation agreement service type of non-exclusive listing based on a "brokers protected" indicator Open alternate term for 'seller representation' agreement listing