CHAPTER 1-1

Question 1

AN EMPLOYMENT AGREEMENT BETWEEN AND A LICENSEE AND A BUYER, SELLER, LANDLORD OR TENANT

Answer 1

LISTING AGREEMENT

Question 2

WHERE GOOD AND SERVICE ARE BOUGHT AND SOLD AND PRICE IS DETERMINED

Answer 2

MARKET

Question 3

THE HISTORICAL AND FACTUAL SELLING PRICE OF A PROPERTY

Answer 3

MARKET PRICE

Question 4

EMPLOYMENT AGREEMENT BETWEEN THE OWNER AND MANAGER ESTABLISHING THE RELATIONSHIP, SCOPE OF MANAGEMENT DUTIES AND RESPONSIBILITIES

Answer 4

MANAGEMENT AGREEMENT

Question 5

NOT KNOWING WHEN THE AGENT SHOULD HAVE KNOWN

Answer 5

NEGLIGENT MISREPRESENTATION

Question 6

THE MOST PROBABLE PRICE A PROPERTY WOULD SELL UNDER SPECIFIC CONDITIONS

Answer 6

MARKET VALUE

Question 7

THE ONE WHO STATED A CHAIN OF EVENT THAT RESULTS IN A SALE

Answer 7

PROCURING CAUSE

Question 8

THE PERSON CHARGED WITH MAINTAINING THE OWNERS INVESTMENT AND MAXIMIZING OWNERS INCOME

Answer 8

PROPERTY MANAGER

Question 9

THE AMOUNT OF PRODUCT AVAILABLE FOR SALE

Answer 9

SUPPLY

Question 10

THE AGENT FOR THE AGENT, ILLEGAL IN MOST STATE

Answer 10

SUB AGENT