Texas Real Estate Word Scramble
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| Question | Answer |
| A properly licensed party who serves a principal in an agency relationship. Also called an agency. | Broker |
| The fidicuary relationship between a broker and a principal or broker and a client | Agency |
| A party acting for another in a position of trust-a broker, an agent | Fidicuary |
| The relationship based on trust- the relationship governed by the law of agency between a broker and a principal | Fidicuary Relationship |
| A party represented by a broker in an agency relationship- also called a client | Principal |
| A party represented by a broker in an agency relationship-also called a principal | Client |
| A third party- one a broker is working with, but who is not represented by that broker | Customer |
| An emplyoyment contract obligating broker to act as a fiduciary to a buyer | Buyer Representation Agreement |
| An employment contract obligating a broker to act as a fiduciary to a seller | Listing Ageement |
| An employment contract obligating a broker to act as a fidicuary to a property owner | Management agreement |
Created by:
Shirilyn
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