Law of agency - Study guides, Class notes & Summaries

Which of the following has the authority to suspend or revoke a Texas real estate license? - ANSWERSTREC Which of the following is an element of a listing agreement? - ANSWERSthe agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - ANSWERSsalesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer represen...

Complete Test Bank for The Law and Business Administration in Canada, 15th Edition by J.E. Smyth, Dan Soberman, A J. Easson, Shelley McGill ; ISBN13: 9780136963547. (Full Chapters included Chapter 1 to 32)....1.Law, Society, and Business. 2.The Machinery of Justice. 3.Government Regulation of Business. 4.The Law of Torts. 5.Professional Liability The Legal Challenges. 6.Formation of a Contract Offer and Acceptance. 7.Formation of a Contract Consideration and Intention. 8.Formation of a Co...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

Florida Notary Exam 2024/2025 Latest Questions Update Answered 100% Precise 1. Although The Government Agency Pays For The Commission, It Is The Employee Who Is Appointed Notary Public, Not The Agency. A. True B. False A. True A Government Agency Is Liable For Notarial Acts Performed By The Employee-Notary Outside His Or Her Normal Employment Responsibilities. A. True B. False B. False Certain Law Enforcement Officers Or Correctional Officers May Act As Notaries In Some Ins...

Act - includes a failure or omission to take action. (720 ILCS 5/2-2) Conduct - An act or a series of acts, and the accompanying mental state. (5/2-4) Dwelling - An enclosed space used or intended for use as a human habitation, home, or residence. Ex: tent, mobile home, vehicle, house, apartment , trailer. Felony - An offense punishable by one year or more in a penitentiary. Forcible Felony - The most serious of crimes. Includes: 1. murder 2. Agg. Battery: with great bodily harm or perm...

Arizona Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which statement concerning the Entire Contact provision in an individual accident and health insurance policy is TRUE? Answer: The agent doesn't have the authority to change the policy or waive its provisions Q: Under the Fair Credit Reporting Act, which statement is true? Answer: The consumer who was investigated must be advised that credit, insurance...

Law of Agency – Exam Questions and Answers 100% Pass Duties of an Agent Obedience, Loyalty, Disclosure, Confidentiality, Accounting and Reasonable care - OLD CAR General vs. Special Agent General: has less authority than the universal agent. An individual has the right to represent his or her principal in a particular type of transaction or business. Special: the most limited of all the agency agent may perform only limited duties for the principal. Not able to bind (obligate) the principal...

Champions Real Estate Exam: Law of Agency Latest Update 100% Pass This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd p...

Real Estate U Final Exam Questions And Answers 2024/2025 Article 12-A of the NYS Real Property Law Answer: The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor broker Answer: A licensed real estate broker that holds the license of a salesperson "Summary of Your Submission" Answer:...

Law of Agency Study Guide Questions and Answers Rated A+ What are the duties of an agent? OLDCAR - Obedience Loyalty Disclosure Confidentiality Accounting of funds Reasonable care and due diligence General agent An individual has the right to represent his or her principal in a particular type of transaction or business. One common example is the property manager. Special agent The most limited of all the agency relationships. The agent may perform only limited duties for the principal. The ag...