Real estate law of agency Study guides, Class notes & Summaries
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+
- Exam (elaborations) • 60 pages • 2023
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant 
En...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act 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 Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Final Exam TN Real Estate Course Exam Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 19 pages • 2024
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A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. 
According to the level of authority delegated to the agent, the usual real estate agency is a limited 
agency. 
When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. 
One disadvantage in using active listings for comparables is they provide somewhat dubious 
comparisons because listing prices are not selling prices. 
Why is it sometimes necessary to inclu...
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Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass
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Colorado Real Estate – Contracts Exam 
Questions and Answers 100% Pass 
vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed 
within the scope of the agency; specifically excluded by Colorado statute from a 
principal's liability unless the act or omission was approved, directed or ratified. (The 
employing broker is responsible to licensees actions) 
Sam is an associate broker who wishes to purchase investment property. What must 
Sam do when t...
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Law of Agency - Champions School of Real Estate Latest Update Graded A+
- Exam (elaborations) • 16 pages • 2024
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Law of Agency - Champions School of Real Estate Latest Update Graded A+ 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...
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CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM ACTUAL EXAM LATEST 400 COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS .
- Exam (elaborations) • 57 pages • 2024
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CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM ACTUAL EXAM LATEST 400 COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS .
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SC Property Management License Exam with Complete & Verified Solutions | 2024 Update
- Exam (elaborations) • 15 pages • 2024
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SC Property Management License Exam with Complete & 
Verified Solutions | 2024 Update 
PM & PMIC licenses need to renewed biennially - Answer ️️ -June 30th (end of state's fiscal 
year) 
Conversion - Answer ️️ -to use trust funds for the purpose other than the purpose of which they 
are held. Unlawful use of funds. 
Customer - Answer ️️ -a buyer, seller, landlord or tenant who uses the services of a real estate 
licensee but does not establish an agency relationship through a writte...
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CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM COMPLETE 300 QUESTIONS AND DETAILED CORRECT ANSWERS LATEST 2024-2025 JUST RALEASED
- Exam (elaborations) • 43 pages • 2024
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CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM COMPLETE 300 QUESTIONS AND DETAILED CORRECT ANSWERS LATEST JUST RALEASED
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Law of Agency - Champions School of Real Estate Questions and Answers
- Exam (elaborations) • 10 pages • 2023
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Law of Agency - Champions School of Real Estate Questions and Answers
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