CHP 38 - Mid Course Practice Exam Flashcards
Article 14 - Standards of Practice provide guidelines for ______
Disciplinary action for the NAR against agents who violate code of ethics
Is meditation required or voluntary
voluntary
Which associations must provide mediation services
Every association
A person guided or instigated by another in some action
Agent
A moving force in achieving some result
Agent
Person or entity authorized to act on behalf and under the control of another
Agent
East-West area between 2 parallels
Tier
Lines that run east and west 6 miles apart
township lines
Main goal of each local NAR is helping agents stay out of courtroom by
Providing mediation services and conducting arbitration hearings
Legal docs setting forth rules governing a particular kind of activity
Laws
Written analysis or opinion by a agent
CMA
A REALTOR enlists the services of an appraiser to help with valuation, what must she disclose to the client
That the person was engaged by the REALTOR, their identity and their contribution to the assignment
An interest that gives purchaser the right to use a unit of real property
Campground or timeshare membership
Which direction does the parallel line go that identifies a township
East to West
Article which states realtors agree to arbitration and any resulting agreement/award
Article 17
Agent ads must identify
- Agent
- Employing firm
- Property
How many acres in a township
640
How many acres in half a township
320
Which insurance policy protects against future events
Home Warranty Plan
An agent must be obedient to whom
- Employing broker
- Seller in listing agreement
- Buyers Agent
When did the Public Land Survey System begin
1785 - After American Revolution
Agency law specifically relates primarily to
…
Another name for Lot and Block Survey method
Recorded Plat
How many articles in the realtors code of ethics
17
What category in the Code of Ethics holds the Golden Rule
Respect for the public
Without free will there is no true legal _________
Consent
The main relationship between agent and client is 1st built upon _________
fudiciary
