Renunciation - Study guides, Class notes & Summaries

Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) Colibri Real Estate Chapter 2 Quiz Questions and Answers (Graded A) An agency relationship may be involuntarily terminated by which of the following? - ANSWER-By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral ...

Physical Development - Answer--brain development -motor development (universal in sequence) -memory Jean Piaget - Answer-theory that a child's mind develops though a series of stages Sensorimotor Stage - Answer-Piaget's Cognitive Stages: Birth-2 Years taking in the world using senses and actions scale errors object permanence Preoperational Stage - Answer-Piaget's Cognitive Stages: 2-7 Years experience through words and images intuition rather than logic Concrete Operational Stage ...

When a client decides to end an agency relationship, it is called ____. a. revocation b. renunciation c. deuces d. mutual rescission - Answer a. revocation What is required for an agency relationship to form? - Answer consent of an agent and the principal Which of the following BEST describes what happens when Broker Bob signs a listing agreement with Seller Sally? - Answer A fiduciary relationship is formed A broker who enters into a Listing Agreement with a seller is consi...

Colibri Real Estate Chapter 2 Quiz Questions with Verified Answers An agency relationship may be involuntarily terminated by which of the following? By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes A subagent An agency relationship may be involuntarily terminated by which of the following? Condemnation of the property ...

1. An agency relationship may be involuntarily terminated by which of the fol- lowing?{Correct Answer} By destruction of the property through fire, vandalism, or natural disaster 2. When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes{Correct Answer} A subagent 3. An agency relationship may be involuntarily terminated by which of the following?{Correct Answer} Condemnation of the property 4. Sally is a subag...

Renunciation of Authority - ️️The act by which a person abandons a right acquired without transferring it to another. Power of Attorney - ️️An instrument by which one person appoints another as his agent and confers upon him the authority to perform certain specified acts on behalf of the principal. Power revoked at death. Actual Authority - ️️Authority an agent actually possesses. Maybe expressed or implied. Agency - ️️Relations in which one person, the agent, acts on beh...

Agency - A relationship between two parties in which one party, the agent, agrees to represent or act for the other, the principal. Power of attorney - Notary public - Equal dignity rule - Ratification - Respondeat superior - A doctrine under which a principal or an employer is held liable for the wrongful acts committed by agents or employees while acting within the course and scope of their tangency or employment. vicarious liability - Legal responsibility placed on one person for...

Renunciation of Authority - ️️The act by which a person abandons a right acquired without transferring it to another. Employee - ️️One who works for another under an express or implied contract. The employer has control over the conduct of the employee Actual Authority - ️️Authority an agent actually possesses. Maybe expressed or implied. Agency - ️️Relations in which one person, the agent, acts on behalf of another, the principal. Agency by Estoppel or Apparent Authority...

Oklahoma Real Estate Final Questions and Answers Rated A+ Cost Approach is most often used for recently built properties where the actual costs of development and construction are known. It is also used for special purpose buildings which cannot be valued by the other methods because of lack of comparable sales or income data. Income Capitalization Approach Used when valuing income producing property, value is determined by Net Operating Income Approach to valuation or appraisal a...