Fiduciary representation Study guides, Class notes & Summaries
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(Tested 2024) RECA Residential Exam Questions and Answers 100% Pass
- Exam (elaborations) • 49 pages • 2024
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Fiduciary Representation - Trust and confidence 
-	Best interests 
-	Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2.	Determine 
3.	Document 
4.	Disclose 
5.	Do 
 
Must disclose in writing - the nature of services provided 
-	whether professional has entered into representation relationship with other party 
-	any conflicts of interest 
-	any other facts that may influence consumers decision to proceed with relationship 
 
made to clarify and provide proof of undertanding in event i...
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Law of Agency – Champions Exam Questions with correct Answers
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price 
 
the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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RECA Residential Exam Questions and Answers 100% Correct 2024
- Exam (elaborations) • 44 pages • 2024
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RECA Residential Exam Questions and Answers 100% Correct 2024 
RECA Residential Exam Questions and 
Answers 100% Correct 2024 
Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing 
- the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence...
-
RECA Residential Exam (Tested 2024) Questions and Answers 100% Pass
- Exam (elaborations) • 49 pages • 2024
-
Available in package deal
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- $16.49
- + learn more
RECA Residential Exam (Tested 2024) Questions and Answers 100% Pass 
 
Fiduciary Representation - Trust and confidence 
-	Best interests 
-	Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2.	Determine 
3.	Document 
4.	Disclose 
5.	Do 
 
Must disclose in writing - the nature of services provided 
-	whether professional has entered into representation relationship with other party 
-	any conflicts of interest 
-	any other facts that may influence consumers decision to proceed with relatio...
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RECA Residential Exam (100% Correct Answers)
- Exam (elaborations) • 19 pages • 2023
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Available in package deal
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Fiduciary Representation correct answers - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity correct answers 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
 
Must disclose in writing correct answers - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarify and provide...
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers,100% CORRECT
- Exam (elaborations) • 21 pages • 2023
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers 
 
Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...
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RECA Residential Exam Questions and Answers Rated A+
- Exam (elaborations) • 48 pages • 2024
- Available in package deal
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RECA Residential Exam Questions and 
 
Answers Rated A+ 
 
Fiduciary Representation - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
 
5. Do 
 
Must disclose in writing - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarif...
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KANSAS REAL ESTATE
- Exam (elaborations) • 42 pages • 2023
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The Statement of Representation should 
hang prominently in the brokerage firm 
be included in every Real Estate Relationships Brochure 
not be included on personalized brochures 
be included on all paperwork submitted to KREC - Answer- be included in every Real Estate Relationships Brochure 
 
The Transaction Broker represents... 
the brokerage firm 
the state of Kansas 
neither the buyer or the seller 
the real estate agent - Answer- neither the buyer or the seller 
 
Customized brochures must...
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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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Under Ontario law, how is an 'agency relationship' defined? - Answer-The relationship between two 
parties in which one party (the agent) accepts responsibility for representing the other party (the 
principal) in dealing with a third party. 
While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use instead? - 
Answer-Client & Customer 
The underlying relationship of the brokerage, salesperson, seller and buyer is based on what? - AnswerThe Common Law of Agen...
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Cannon Financial Institute CFIRs Sample Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 400 pages • 2024
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"As an executor of an estate, a Bank Trust Department typically: 
a. Does not have a fiduciary duty. 
b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of 
the will. 
c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's 
general fiduciary powers. 
d. Must have capital in excess of the normal capital required to exercise general trust powers. 
" - Answer-B 
"As an executor of an estate, a Ban...
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