Real Estate Brokerage & Agency Law
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Agency | show 🗑
|
||||
| Agent | show 🗑
|
||||
| Antitrust laws | show 🗑
|
||||
| show | One who acts as an intermediary on behalf of others for a fee or commission; licensed to list, lease, buy, exchange, auction, negotiate or sell interest in real estate for others for a fee
🗑
|
||||
| Brokerage | show 🗑
|
||||
| show | Required for each brokerage firm and branch office, the full broker responsible for supervision of all real estate activities therein, including provisional brokers.
🗑
|
||||
| show | let the buyer beware
🗑
|
||||
| show | the person who hires and delegates to the agent through a brokerage contract the responsibility of representing that person's best interest.
🗑
|
||||
| Commingling | show 🗑
|
||||
| Commission | show 🗑
|
||||
| Cooperating brokers | show 🗑
|
||||
| Customer | show 🗑
|
||||
| show | used when a transaction is an in-house sale (when one agent from firm X represents the buyer and another agent from firm X represents the seller)
🗑
|
||||
| Dual agency | show 🗑
|
||||
| Employee | show 🗑
|
||||
| Express Agreement/Contract | show 🗑
|
||||
| show | Arrangement where consumer asks licensee to perform specific real estate services for a set fee; unbundling of services; limited service firms.
🗑
|
||||
| Fiduciary | show 🗑
|
||||
| First Substantial Contact | show 🗑
|
||||
| General agent | show 🗑
|
||||
| Implied agreement | show 🗑
|
||||
| Independent contractor | show 🗑
|
||||
| show | a sale in which both the selling agent and the listing agent are from the same firm.
🗑
|
||||
| LOADS | show 🗑
|
||||
| Material fact | show 🗑
|
||||
| show | Multiple listing services
🗑
|
||||
| Negligent misrepresentation | show 🗑
|
||||
| show | takes place when agents do not have actual knowledge of a material fact but should reasonably have known of such a fact.
🗑
|
||||
| show | an agency option a firm may use when the consumer is unwilling to commit to an exclusive written buyer agency relationship.
🗑
|
||||
| Price-fixing | show 🗑
|
||||
| principal | show 🗑
|
||||
| show | A real estate licensee who performs real estate activities under the supervision of a licensed real estate broker-in-charge. Must complete post-licensing courses to remove the provisional license status
🗑
|
||||
| show | exaggerated comments or opinions; "This house has the best view in town!"
🗑
|
||||
| Ratification | show 🗑
|
||||
| Special agent | show 🗑
|
||||
| Stigmatized Properties | show 🗑
|
||||
| Subagent | show 🗑
|
||||
| Tort | show 🗑
|
||||
| show | one who is empowered to do anything the principal could do personally
🗑
|
||||
| Willful misrepresentation | show 🗑
|
||||
| Willful omission | show 🗑
|
||||
| show | A mandatory agency information brochure that a licensee must give to and review with consumers in all real estate sales transactions no later than first substantial contact; it does not create agency.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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.
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
whitwill
Popular Real Estate sets