Brokerage interests - Study guides, Class notes & Summaries
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pearson vue practice exam Questions and answers, 100% Accurate, graded A+
- Exam (elaborations) • 22 pages • 2023
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pearson vue practice exam Questions 
and answers, 100% Accurate, graded A+ 
In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker - -a. included in the listing agreement 
a lot measu...
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Real Estate Principles A Value Approach, 7th Edition By David SOLUTIONS MANUAL
- Exam (elaborations) • 131 pages • 2024
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SOLUTIONS MANUAL for Real Estate Principles: A Value Approach, 7th Edition By David Ling and Wayne Archer 
TABLE OF CONTENTS: 
PART 1: SETTING THE STAGE 
Chapter 1: The Nature of Real Estate and Real Estate Markets 
PART 2: LEGAL AND REGULATORY DETERMINANTS OF VALUE 
Chapter 2: Legal Foundations to Value 
Chapter 3: Conveying Real Property Interests 
Chapter 4: Government Controls and Real Estate Markets 
PART 3: MARKET VALUATION AND APPRAISAL 
Chapter 5: Market Determinants...
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RECA Residential Exam Questions and Answers Rated A+
- Exam (elaborations) • 48 pages • 2024
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RECA Residential Exam Questions and 
 
Answers Rated A+ 
 
Fiduciary Representation - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
 
5. Do 
 
Must disclose in writing - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarif...
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RECA Residential Exam Questions and Answers 100% Correct 2024
- Exam (elaborations) • 44 pages • 2024
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RECA Residential Exam Questions and Answers 100% Correct 2024 
Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing 
- the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with 
relationship 
made to clari...
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RECA Residential Exam Questions And Answers
- Exam (elaborations) • 20 pages • 2024
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RECA Residential Exam Questions And Answers 
 
Fiduciary Representation - - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity - 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
 
Must disclose in writing - - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarify and p...
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Reca – Residential Study Guide
- Exam (elaborations) • 32 pages • 2024
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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 conflicts of interest 
 
Competing interests - Interest of brokerage clients compete in ...
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RECA – RESIDENTIAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 44 pages • 2024
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Self regulation 
 ANSWER: -General obligation 
-Care & Skill 
-Act honestly 
-Negotiate favorable terms 
-Maintain confidentiality 
-Disclose information 
-Act in person 
-Obey lawful instructions 
-Perform mandate 
Brokerage interests 
 ANSWER: Interest of brokerage at odds with brokerage client 
Fiduciary duties 
 ANSWER: -Utmost loyalty 
-Not to make secret profits 
-Maintain confidentiality
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Humber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and Buyers
- Exam (elaborations) • 12 pages • 2024
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What 4 things must be specified on both representation and customer service agreements? - Answer-- 
The effective date and expiry date of the agreement (can only be one expiry date) 
- The method for calculating commission or other remuneration payable to the brokerage (in the case of 
a seller, the amount payable) 
- How the commission or other remuneration will be paid 
- The services that the brokerage will provide under the agreement 
If the term of a representation or customer service agree...
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RECA Quiz Review Questions [100% Correct Answers]
- Exam (elaborations) • 48 pages • 2024
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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...
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Real Estate: Texas Law of Agency Questions with Certified Solutions
- Exam (elaborations) • 20 pages • 2024
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Real Estate: Texas Law of Agency Questions with Certified Solutions Agency A relationship established between a principal and a real estate agent 
Agent The person who is authorized to represent and act on the behalf of another person 
Brokerage Agreement A written or oral agreement for brokerage services in exchange for compensation 
Client A person who is being represented by an agent 
Consumer A person requesting or receiving licensed services 
Customer A person who is not represented by an a...
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