Rules of agency relationship Flashcards

1
Q

When the same firm represents the buyer and seller

A

This is called dual agency

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2
Q

Consent for dual agency must be

A

In writing when relationship starts

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3
Q

What is designated agency

A

Dual agency that requires disclosure and consent from both parties

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4
Q

W-2

A

You are an employee

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5
Q

1099

A

You are self-employed

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