Principal agent conflict - Study guides, Class notes & Summaries

Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professi...

Nevada and National Real Estate Questions and Answers Rated A+ Nevada recognizes two types of agency concerning real property: general agency and special agency general agency which the agent is authorized under a general power-of- attorney to perform all duties for the principal that the principal could perform to convey real property (general agency requires a written power-of-attorney with its special recording requirements) special agency which the agent is given limited authorit...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Addenda correct answersformal changes or clarifications issued to all identified bidders by the owner or the owner's representative during the bid process Additional Work correct answersConstruction work that was not recognized at the contract award but that must be performed in order to deliver a project as planned. Agency agreement correct answersan agreement between a principal and an agent by which the agent agrees to perform certain tasks for the principal. The principal is bound b...

RECA Quiz Review Questions [100% Correct Answers] Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid...

actual authority - Answer anything a principal authorizes the agent to do aleatory contract - Answer contract in which the amounts exchanged are not equal conformity to statute - Answer a policy provision that says the policy follows a state's law if the law and policy language are in conflict contract of adhesion - Answer contract drawn by one party and offered to another on a "take it or leave it" basis direct writer agent - Answer an agent that is an employee of an in...

RECA Quiz Review Questions WITH VERIFIED ANSWERS Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid author...

Well-structured PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearing for his life, signs the document. Which cause of ...

2-20 Insurance License Exam Questions And Answers actual authority - ANS anything a principal authorizes the agent to do aleatory contract - ANS contract in which the amounts exchanged are not equal conformity to statute - ANS a policy provision that says the policy follows a state's law if the law and policy language are in conflict contract of adhesion - ANS contract drawn by one party and offered to another on a "take it or leave it" basis direct writer agent ...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...