Fiduciary duties - Study guides, Class notes & Summaries

RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 Self regulation -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests Interest of brokerage at odds with brokerage client Fiduciary duties -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose confli...

Texas Principles of Real Estate 1 Final Exam | Questions and Verified Answers | Grade A | 2024 / 2025 Update Q: An insurance policy protecting against a variety of hazards is referred to as a...? Homestead Policy Individual Policy Homeowners Policy Package Policy Answer: Homeowners Policy Q: Which of the following is an advantage to owning a home...? Tax benefits Pride of ownership Potential for asset appreciation All of the above Answer: All of the Above Q: An individual is exempt from paying t...

In-depth yet succinct revision notes of topics from all Commercial Law Lectures, comprising all relevant cases (key facts, decisions, rules) and relevant statutes, as well as some reference to journal articles and other secondary sources. Can be used for exam revision (multiple choice and/or problem/essay questions) as it contains sufficient information needed, or to accompany your coursework research for various topics in Commercial Law. (Please excuse any typos) Contents: Formation of A...

What are the duties of an agent Fiduciary Duties (OLD CAR) - Obedience - Loyalty - Disclosure - Confidentiality - Accounting - Reasonable care Types of Agents - Universal Agency; power to act for the principal in all transactions. - General Agency; represents principal in a particular type of transaction (property manager or broker and real estate agent - Special Agency; most limited, agent performs limited duties for the principal.

LML4806 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA (DETAILED MEMO - DISTINCTION GUARANTEED!) QUESTION 1 1.1 The Memorandum of Incorporation of Generators Unlimited (Pty) Ltd provides that only the board of directors, or any director authorised by the board, has the power to conclude contracts on behalf of the company. It also states that any transaction that exceeds R10 million must first be authorised by the company’s shareholders at a general meeting by way of an ordinary reso...

condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license in escrow or find another broker Disciplinary actions that can be taken by the ...

Civil Law correct answers Regulates the rights and duties between parties Agent correct answers A person who acts for someone else Bilateral Contract correct answers A promise made in exchange for another promise Common Law correct answers Judge-made law Law made when judges decide cases and then follow those decisions in later cases Predictability and flexibility are the most important goals Still predominates in contract law, agency law, and tort law Contract correct answers A l...

Champions School of Real Estate - Exam Prep Latest Update 100% Pass Buyer Representation Agreement An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Agency as a result of customary, usual or typical conditions Broker A properly licensed party who serves a principal in an agency relationship- also called an agent Client A party represented by a broker in an agency relationship - also called a principal Duties of an Agent An agent owes his...

CFP Exam 2020 Questions & Answers CFP Standards of Conduct Sections (6) - ANSWERSA. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct - ANSWERSDuties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Disclose and Manage Conflicts of Interest ...

RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 Self regulation -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests Interest of brokerage at odds with brokerage client Fiduciary duties -Utmost loyalty -N...