CHAPTER 5 Flashcards
1
Q
A SALESPERSON WHOSE ACTIVITIES ARE CLOSELY CONTROLLED, AND WHO IS ENTITLED TO BENEFITS , UNEMPLOYMENT COMPENSATION , AND INCOME TAX WITHHOLDING
A
EMPLOYEE
2
Q
UNDER A OPEN LISTING , THE BROKER WHO IS THE PROCURING CAUSE OF THE SALE RECESSIVES THE COMMISSION
A
PROCURING CAUSE
3
Q
THE COMMOM LAW DOCTRINE OF LET THE BUYER BEWARE
A
CAVEAT EMPTOR
4
Q
STATUTES ENACTED BY STATE LEGISLATURES TO PROTECT THE PUBLIC AND ENFORCES THE STATUTORY LAW
A
REAL ESTATE LICENSE LAWS
5
Q
THE DEVICE BY WHICH A STATE LICENSING AUTHORITY DEFINES AND ENFORCES THE STATUTORY LAW
A
RULES AND REGULATION
