Agency Flashcards

0
Q

General Agency

A

Relationship between the seller and the broker.

Property manager

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1
Q

When failing to disclose that the property vs residential and comercial

A

Care

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2
Q

Special Agent

A

The seller hires the broker to sell the property.
A buyer employees a broker only to assist in finding certain type of property.
Limit power
Relationship between client and licensee

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3
Q

Universal Agency

A

For all the affairs.
You limited power
Attorney

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4
Q

Principle is the - CLIENT

A

Agency relationship
Listing agreement.
Buyer agreement
Listenable care skill/obedience/accountability/loyalty/disclosed

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5
Q

Costumer - transaction broker

A

No agency relationship

No contract

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