Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | A relationship that exists when a person called a principal, hires another to represent him/her, to act in the principal's best interest, and in everything that is said or done, to take care of the interests of the principal.
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| Agency by Estoppel | show 🗑
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| Agency by Ratification | show 🗑
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| Agency by Statue | show 🗑
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| Agent | show 🗑
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| show | A person who has been given power to sign in behalf of another.
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| Cavet Emptor | show 🗑
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| Designated Agency | show 🗑
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| show | When an agent is representing both principals in a transaction with their informed consent.
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| show | Agency created through words, written or oral, between the principal and the agent, such as a listing agreement.
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| Fully Disclosed Principal | show 🗑
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| General Agent | show 🗑
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| Implied Agency | show 🗑
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| show | Agency which is created through the actions of the parties, rather than through an express agreement. Also called implied agency.
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| show | The "other party" knows who the agent is, knows there is a principal, but is not told who the principal is.
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| show | What an attorney-in-fact holds which authorizes actions in behalf of another person, including signature authority.
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| show | The agent works for this person. This person is also referred to as a client.
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| show | An agent hired by contract to carry out specifically stated activities.
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| show | Anyone who is assisting the agent (principal broker) in the agent's responsibilities. For instance, a sales agent or associate broker in the office, or principal broker with a co-broker agreement.
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| Undisclosed Principal | show 🗑
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| show | An agent hired to do all things for and in behalf of the principal.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Megan07
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