Applied Ethics

Question 1

Buyers Brokers

Answer 1

represents only the buyers

Question 2

sellers Brokers

Answer 2

represents only the seller

Question 3

Single agency broker

Answer 3

represents only one side of the transaction either the seller or the buyer

Question 4

Dual-agency broker

Answer 4

represents both the buyer and seller

Question 5

designated (dual) broker

Answer 5

this lawful dual agency permits the brokerage firm assign one licensee from the firm to represent the buyer and another licensee to represent the seller

Question 6

Facilitator

Answer 6

this form of brokerage i which the real estate practitioner represents neither the buyer nor the seller. They bring the parties together and acts as conduit through which offers and information are passes back and forth Mediators

Question 7

Limited Agent

Answer 7

This form of dual agency permits the real estate firm to represent both the buyer and the seller without owing the full range of fiduciary duties to both.

Question 8

caveat emptor

Answer 8

buyer beware

Question 9

latent defects

Answer 9

A fault in the property that could not have been discovered by a reasonable thorough inspection before the sale

Question 10

stigmatized property

Answer 10

when property has a stigma or negative feature death,haunted, aid, murder

Question 11

Values

Answer 11

Are those things or belief we hold important

Question 12

Psychologists tell us that one of the first and most primary influence on our moral Developement is our

Answer 12

Parents

Question 13

A positive attitude toward work gives our teenager

Answer 13

Pride,dignity, and responsibility

Question 14

One of the most important influences on our values are our

Answer 14

Friends

Question 15

What are the six core values

Answer 15

Trustworthiness, respect, responsibility, fairness, caring, civic virtue, citizenship