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OREGON AGENCY LAW FINAL EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024$17.99
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OREGON AGENCY LAW FINAL EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
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Course
Oregon law cosmetology
Institution
Oregon Law Cosmetology
OREGON AGENCY LAW FINAL EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY
GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL
WHAT YOU NEED) LATEST EDITION 2024
OREGON AGENCY LAW FINAL EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY
GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL
WHAT YOU NEED) LATEST EDITION 2024
Mastering the laws relating to _________ can reduce misunderstandings and litigation,
especially in the areas of commissions through procuring cause, conflicts of interest and
representation. - <<ANSWER>>agency
A broker is a person who: - <<ANSWER>>a. Is employed by another person
b. Has the authority to act for that person
c. Has the authority to exercise some discretion while acting for another person
Real estate brokers compete with one another to obtain listings for sale. At the same
time, they often cooperate with one another to secure buyers for those listings. This
dual situation of competition and cooperation is unique to the real estate industry. It is
also an area where ___________________ violations can easily occur. -
<<ANSWER>>Anti-trust
This is an agency where a prospective tenant hires a broker as their agent to procure a
rental or lease of a property. - <<ANSWER>>tenant representation
______________________ is created by either an oral or written agreement between
the principal and the broker. It indicates their express intent for this representational
status. - <<ANSWER>>Express agency
____________ is an agency relationship created by the actions of the parties -
<<ANSWER>>Implied Agency
Agency by Estoppel is also known as __________________________. -
<<ANSWER>>ostensible agency
An agency might be terminated by the operation of law. Which of the following would be
an agency terminated by the operation of law? - <<ANSWER>>a. Bankruptcy
b. Death
c. Incapacity
, When both parties agree to terminate the agency this is referred to as
______________. - <<ANSWER>>mutual agreement
Anti-Trust Laws and Unfair Business Practices are designed to promote the policy and
practice of ____________________________________. - <<ANSWER>>competition
Real estate brokers compete with one another to obtain listings for sale. At the same
time, they often cooperate with one another to secure buyers for those listings. This
dual situation of competition and cooperation, which is unique to the real estate
industry, can present many opportunities for _____________________________. -
<<ANSWER>>Anti-Trust violations
The foundation for federal Anti-Trust laws is the ___________ of 1890. -
<<ANSWER>>Sherman Act
The Clayton Act was enacted in _________. - <<ANSWER>>1914
Which of the following is not one of the three main violations of the Anti-trust violations
in the real estate industry?
a. Constructive eviction
b. Conspiracy to Fix Prices
c. Imbalanced Commission Splits
d. Conspiracy to Boycott - <<ANSWER>>a. Constructive eviction
The person who hires or appoints an agent to act on their behalf is called a: -
<<ANSWER>>principal
The relationship between the broker and their principal is referred to as: -
<<ANSWER>>agency
Licensees are ____________ for their principal broker. - <<ANSWER>>sub-agents
John, a broker for XYZ Realty LLC, has a listing with Mr. and Mrs. Brown for their
property on Lynnwood Place in Tigard, OR. Mr. and Mrs. Brown would be considered: -
<<ANSWER>>a. the principals
b. the sellers
Universal brokers are granted the power to handle ________ affairs of the principal. -
<<ANSWER>>all of the
The relationship between the principal broker and their affiliated licensee is the best
example of______________ broker agency. - <<ANSWER>>general
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