Fiduciary representation Study guides, Class notes & Summaries
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![RECA Residential Exam Questions And Answers](/docpics/5385129/664c6be6c2719_5385129_121_171.jpeg)
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RECA Residential Exam Questions And Answers
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RECA Residential Exam Questions And Answers 
 
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 p...
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Champions School of Real Estate - Exam Prep Latest Update 100% Pass
- Exam (elaborations) • 27 pages • 2024
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Champions School of Real Estate - 
Exam Prep Latest Update 100% Pass 
 
Buyer Representation Agreement An employment contract obligating a broker to act as a 
fiduciary to a buyer 
 
Implied Agency Agency as a result of customary, usual or typical conditions 
 
Broker A properly licensed party who serves a principal in an agency relationship- also 
called an agent 
 
Client A party represented by a broker in an agency relationship - also called a principal 
 
Duties of an Agent An agent owes his...
![Nevada and National Real Estate Questions and Answers Rated A+](/docpics/4715953/65eec7a72fd38_4715953_121_171.jpeg)
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Nevada and National Real Estate Questions and Answers Rated A+
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Nevada and National Real Estate 
Questions and Answers Rated A+ 
 
Nevada recognizes two types of agency concerning real property: 
general agency and special agency 
general agency 
which the agent is authorized under a general power-of- attorney to perform all duties for the 
principal that the principal could perform to convey real property (general agency requires a 
written power-of-attorney 
with its special recording requirements) 
special agency 
which the agent is given limited authorit...
![Chapter. 4 Gold Coast Real Estate Homework Questions and Answers 100% Pass](/docpics/5455145/6654dc7b9bd70_5455145_121_171.jpeg)
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Chapter. 4 Gold Coast Real Estate Homework Questions and Answers 100% Pass
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Chapter. 4 Gold Coast Real Estate Homework 
Questions and Answers 100% Pass 
Who owes fiduciary duties in a single agency relationship? 
(a) The broker only 
(b) The principal only 
(c) Both parties 
(d) Neither party - Correct Answer ️️ -(a) The broker only 
All of the following activities are exempt from the requirement to provide disclosures 
under the Brokerage Relationship Disclosure Act, EXCEPT: 
(a) Sales staff at a new development center 
(b) Showing property to a party that is not b...
![WFG License Exam (Life, Insurance, Accident) Exam All Possible Questions and Answers with complete solution](/docpics/4984340/6619097d69358_4984340_121_171.jpeg)
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WFG License Exam (Life, Insurance, Accident) Exam All Possible Questions and Answers with complete solution
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insurance - Answer-contract whereby one undertakes to idemnify [restore before loss] another against 
loss, damage, liability from contingency [unknown/ unplanned events] 
indemnify 
Give Example. - Answer-restore person to some financial position before loss has occurred 
to make someone whole 
EX: If someone passes, that lost of income is covered by life insurance (percentage of what is covered 
depends on plan of insurance purchased before incident) 
contingency - Answer-unknown/ unplanned ev...
![California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed](/docpics/63de72bec6a03_2335837.jpg)
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed
- Exam (elaborations) • 26 pages • 2023
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start 
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments 
What is a common reason people purchase an annuity? To protect against the risk of outlivin...
![Florida Real Estate U Final Exam Questions & Answers(RATED A)](/docpics/2765103/6465ad1ad4b52_2765103_121_171.jpeg)
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Florida Real Estate U Final Exam Questions & Answers(RATED A)
- Exam (elaborations) • 39 pages • 2023
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An appraisal can be completed by which of the following? 
 
A home inspector 
A real estate broker 
A licensed appraiser using USPAP standards 
A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards 
 
What is a BPO? 
 
Broker Price Opinion 
Best Practice Organization 
Best Prospective Offer 
Beyond Present Opportunities - ANSWERBroker Price Opinion 
 
Which of the following is incorrect? 
 
Farming methods include Direct Mail and Just Listed Post Cards. 
Farming only invo...
![Cannon Financial Institute CFIRs Sample Questions and Answers Rated A+](/docpics/5111689/662b4f17bf40e_5111689_121_171.jpeg)
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Cannon Financial Institute CFIRs Sample Questions and Answers Rated A+
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Cannon Financial Institute CFIRs 
Sample Questions and Answers 
 
Rated A+ 
 
"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 exe...
![FL Real Estate Associate Exam 2024 with 100% correct answers](/docpics/4209011/65a1629372fa1_4209011_121_171.jpeg)
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FL Real Estate Associate Exam 2024 with 100% correct answers
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Agency relationship in Florida with the fewest duties/obligations: - correct answers -Non-representation broker 
 
If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a transaction, Jackson is a: - correct answers -Non-representation broker 
 
Entity that determines and issues the final order in a disciplinary case constituting the finale agency action? - correct answers -FREC 
 
Circumstance when broker serving as an intermediary can collect fr...
![WI Real Estate Salesperson questions with correct answers](/docpics/3799489/654c96ec47db4_3799489_121_171.jpeg)
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WI Real Estate Salesperson questions with correct answers
- Exam (elaborations) • 16 pages • 2023
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Which of the following statements INCORRECTLY describes a multiple representation relationship? 
 A: The firm owes both parties the duty of confidentiality. 
 B: A firm must disclose multiple representation to all parties in writing. 
 C: The firm owes loyalty to the party who first signed an agency agreement with the firm. 
 D: All parties must consent in writing to a firm representing multiple parties in a transaction. CORRECT ANSWER C: The firm owes loyalty to the party who first signed an ag...
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