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Chp. 1 (agency relationships) 28Q > Agency Relationships > Flashcards

Agency Relationships Flashcards

0
Q

Exclusive buyer agency

A

Buyer legally bound to pay agent described in contract.

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1
Q

COALD:

represents the duties of the agent to principal-

A 
Care 
Obedience
Accountability 
Loyalty 
Disclosure
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2
Q

Exclusive agency buyer

A

Broker is entitled to payment only if they find property. Buyer able to buy without commission due.

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3
Q

Open buyer agency agreement

A

Non exclusive, buyer can enter into similar agreements with other agents

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Chp. 1 (agency relationships) 28Q (6 decks)

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