Lesson 8

Question 1

Apply the principles of contract law to strata management service agreements and to supplier and service contracts

Answer 1

-

Question 2

Understand the Real Estate Services Act requirements as they apply to strata management service agreements

Answer 2

-

Question 3

Identify the information required to be included in a strata management service agreement

Answer 3

-

Question 4

Describe the technical requirements for a strata management service agreement

Answer 4

-

Question 5

Describe how an agency relationship is created in a strata management context and be able to explain the various types of authority

Answer 5

-

Question 6

Explain the role of the agent in creating a legal relationship between his or her principal and third parties

Answer 6

-

Question 7

Explain the duties an agent owes to his or her principal and be able to apply them to a real estate brokerage relationship

Answer 7

-

Question 8

Discuss how an when an agent becomes personally liable to third party

Answer 8

-

Question 9

Explain when a principal is liable to remunerate a real estate agent

Answer 9

-