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Generally an agent works for the
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A minor
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Generally an agent works for the principal
A minor is anyone younger than 18 years of age
someone appointed to carry out a particular transaction is a Special Agent
an independent contractor is distinguished by responsibility for Social Security and other payments
, the California real estate law treats a real estate salesperson as a employee of the broker
a salesperson is a brokers agent
an agency agreement to perform an act that requires a writing must itself be in writing
to be enforceable, all real estate sales contracts must be in writing
As a contract, a real estate agency agreement must meet the requirements for a valid contract
Real estate commission rates are not fixed by law
all real estate agency agreements must be in writing
the most commonly used form of real estate listing agreement is the Exclusive authorisation and right to sell listing
A real estate agent owes duties to the principal, the third person, the sub agent
the agent is the principle of the duty of loyalty
a real estate agent must make full disclosure of material facts that are known by the agent or that would be revealed by a reasonable inspection of the property
the principal owes the agent the duty of care
a real estate seller must disclose material facts concerning the property's value or desirability
exaggerating a property's value or desirability is never permitted
the recovery account is available to people victimized by a real estate licensee
an agency relationship may not be terminated by someone outside the agency relationship
Created by: Bpacker909
 

 



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