Exam (elaborations)
WRA Chapter 2 vocabulary Questions & answers with Complete solutions | Latest edition
- Course
- Institution
WRA Chapter 2 vocabulary Questions & answers with Complete solutions | Latest edition
[Show more]
Seller
Follow
EXAMQA
Reviews received
Content preview
WRA Chapter 2 vocabularyAgency agreement
An employment agreement for personal services based on a fiduciary
relationship of trust and confidence in the firm.
Buyer Agency Agreement
A buyer would use this to hire a firm to negotiate an ownership interest in a
property.
Damages
The non-breaching party can sue the breaching party in court and request a
judgement for actual damages resulting from the breach of contract.
Exclusive agency listing contract
A seller hires a firm to represent the seller in the sale of a home. A listing firm
earns commission unless the seller finds the buyer.
Exclusive right to sell listing contract
The exclusive right to sell listing contract is the state-approved form that a
licensee must use when listing a seller's property.
Express agency
An agency relationship based on a formal agreement between the parties. This
can be formal or written.
Fee-splitting
The payment of a real estate commission by a real estate licensee to a
non-licensee is fee-splitting, which is illegal under Wisconsin law.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now