Nonagency - Study guides, Class notes & Summaries

Alabama Real Estate Exam With 100% Verified Answers

Special or Specific Agency - ANSWER-The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General - ANSWER-Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency - ANSWER-A dual agent cannot fully represent both ...

Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN WRITING Principal/Client -Answer-The person for whom the agent acts Typically the party who hires the agents to act on his behalf Could be the buyer in a buyer agency agreement or the seller in a ...

Idaho Real Estate Exam (chapters 1 - 4) already passed NAR is a --- organization? Trade Who is responsible for all Idaho real estate licensing Irec Who funds IREC? All licensees How many IREC commissioners? 4 How many members make up Educational Council? 6 IREC meets how often? Monthly Who is responsible for disciplinary action? Commissioners Population of Idaho? 1.5 million, 600k households How long is IREC commissioner term? 4 years IREC commissioners must have a minimum --- year term...

A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - ANSWER-designated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. - ANSWER-special or specific A _________ agency gives the agent the authority to do several activities on the principal's behalf. - ANSWER-general A brok...

Alabama Real Estate Exam Already Graded A+ Special or Specific Agency ️The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General ️Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency ️A dual age...

A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. special or specific A _________ agency gives the agent the authority to do several activities on the principal's behalf. general A brokerage which facilitates the trans...

CFA Level 1 Formulas Exams 245 Questions with Answers Price change based on convexity - CORRECT ANSWER -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - CORRECT ANSWER Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - CORRECT ANSWER [(v-)-(v+)]/[2V0(change in yield)] Future Value - CORRECT ANSWER PV(1+(I/Y)^N) PV - CORRECT ANSWER FV/(1+r)^n PV of perpetuity - CORRECT ANSWER PMT / discount rate Ap...

Alabama Real Estate Exam - Questions & Answers 2023 A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - ANSWER-designated agency A _________ agency gives the agent authority to do one specific thing on the principal's behalf. - ANSWER-special or specific A _________ agency gives the agent the authority to do several activiti...

Alabama Real Estate Exam Questions and Answers 2023 with complete solution Special or Specific Agency The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated...