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BRRETA AND AGENCY

BRRETA- BROKERS RELATIONSHIP IN REAL ESTATE TRANSACTION ACT

QuestionAnswer
What does BRRETA stand for and what is the purpose of it? BRRETA IS BROKERS RELATIONSHIP IN REAL ESTATE ACT.
WHAT IS DUAL AGENCY? A BROKER WHO SIMULTANEOUSLY HAS A CLIENT RELATIONSHIP WITH BOTH SELLER AND BUYER FOR OR FR BOTH LANDLORD AND TENANT IN SAME TRANSACTION.
WHAT IS DESIGNATED AGENCY? A LICENSEE WHO IS ASSIGNED BY HIS BROKER TO REPRESENT SOLELY ONE CLIENT
SINGLET AGENCY REPRESENTATION? EVERY RELATIONSHIP IN WHICH A REAL ESTATE BROKER ACTS FOR OR REPRESENTS ANOTHER AS A CLIENT N A REAL ESTATE TRANSACTION
WHAT IS CO OPERATING AGENCY REPRESENTATION? A BROKER WHO HAS NOT ESTABLISHED INTO A CLIENT RELATIONSHIP WITH ANY OF THE PARTIES FOR WHIC H HE IS PAID VALUE
WHAT IS TRANSACTION BROKERS?
WHAT IS BROKERS ENGAGEMENTS AND DISCLOSURE OF BROKERAGE RELATIONSHIPS?
WHAT IS AGENCY? ANY RELATIONSHIP IN WHICH A REAL ESTATE BROKER ACT FOR OR REPRESENTS ANOTHER AS A CLIENT IN REAL ESTATE TRANSACTION.
What is a broker used in BRRETA ? any individual or entity issued a brokers's by the commission.The term "broker" not only refers to brokers, but also includes any oerson who holds a real estate license regardless of type.
What is a customer? A person who is not being represented by a real estate broker in an agency capacity, but for whom the broker,aay am
Created by: jesusjones81
 

 



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