Law of Agency - Champions School of Real Estate Exam 2024
11 views 0 purchase
Course
Law of Agency
Institution
Law Of Agency
The principal is also known as - client
fiduciary relationship - a relationship founded on trust and confidence
Agency Relationship - Exists when one person (the agent) acts for, or on
behalf of another person (the principal).
the principal - is the one who hires and gives authority to th...
Law of Agency - Champions School of
Real Estate Exam 2024
possiblea
Law
8/28/24
, Law of Agency - Champions School of Real Estate
The principal is also known as - client
fiduciary relationship - a relationship founded on trust and confidence
Agency Relationship - Exists when one person (the agent) acts for, or on
behalf of another person (the principal).
the principal - is the one who hires and gives authority to the agent
Texas Real Estate License Act TRELA - Was passed 1939. The purpose is to protect
the public against unscrupulous brokers and sales agents.
Texas Real Estate Commission TREC - Was created to enforce and administer TRELA
in 1949. The purpose of this act is to protect the public against unscrupulous brokers
and sales agents.
A licensed broker may not pay a commission to or otherwise compensate a person
directly or indirectly for performing an act of a broker unless the person is... - a license
holder or a real estate broker licensed in another state
TRELA may suspend or revoke a license or take other disciplinary action if the license
holder, while engaged in real estate brokerage engages in... - conduct that is dishonest
or in bad faith or that demonstrates untrustworthiness
a broker works FOR - a client
a broker works WITH - a customer
how does a buyer become a client - by entering into a buyer representation agreement
with the broker
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.