SECTION #3: BROKERAGE: Flashcards
_____ is the business of bringing people together in a Real Estate Transaction.
Brokerage
A _____ ACTS as a Point of Contact between two or more people in negotiating the Sale, Purchase, or Rental of Property.
Licensed Real Estate Broker
A Licensed Real Estate Broker ACTS as a _____ between two or more people in negotiating the Sale, Purchase, or Rental of Property.
Point of Contact
A _____ is defined as a person or company Licensed to Buy, Sell, Exchange, or Lease Real Property for others and to Charge a Fee for these Services.
Broker
A Broker is defined as a person or company _____ to Buy, Sell, Exchange, or Lease Real Property for others and charge a Fee for these Services.
Licensed
A Broker is defined as a person or company Licensed to Buy, Sell, Exchange, or Lease Real Property for others and to _____ for these Services.
Charge a Fee
A _____ is an Entry-Level Licensee employed by or Affiliated with the Designated Broker to perform Brokerage Activities on behalf of…
Licensed Real Estate Salesperson
A Licensed Real Estate Salesperson is an Entry-Level Licensee employed by or _____ with the Designated Broker to perform…
Affiliated
A Licensed Real Estate Salesperson is an Entry-Level Licensee employed by or Affiliated with the Designated Broker to perform _____ on behalf of…
Brokerage Activities
A Licensed Real Estate Salesperson is an Entry-Level Licensee employed by or Affiliated with the Designated Broker to perform Brokerage Activities on behalf of Or for the Designated Broker who must hold a _____.
Managing Broker License
In many states, _____ may also be referred to as a Sales Associate or Associate Licensee.
Affiliated Licensees
In many states, Affiliated Licensees may also be referred to as a Sales Associate or _____.
Associate Licensee
