Brokerage Vocabulary Flashcards
1
Q
1988 Fair Housing Amendment
A
This amendment increased coverage with physical and/or mental disabilities and familial status. Familial status refers to discrimination against families with minor children
2
Q
Abandonment
A
Departure of premises by lessee (tenant) without approval of lessor (property owner/Manager) before expiration of the lease; action does not cancel lease obligations. Chase is on for property owner.
3
Q
Agency
A
The relationship between a broker and a client.
4
Q
Agent
A
A person or corporation that by authority is acting on someone’s behalf to represent their interests in a real estate transaction.
5
Q
ALJ
A
An Administrative Law Judge
6
Q
Associate Broker/ Broker/ Salesperson
A
A broker who acts as salesperson for a Brokerage
7
Q
A
8
Q
A
