Land Description & Listings - Need To Know Flashcards
1
Q
What method of property description uses points and degrees?
A
Metes and Bounds
2
Q
What method of property description would be most accurate to determine boundary lines?
A
Metes and Bounds
3
Q
What is the difference between exclusive agency and exclusive right to sell?
A
Exclusive agency allows the seller to sell without paying a commission.
4
Q
How could a listing agreement be terminated?
A
- Mutual consent of both parties
- Death of the agent
- Anticipatory Reputation - is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.
