Nonagency - Study guides, Class notes & Summaries

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...

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...

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 ...

Alabama Real Estate Exam 2023-2024 Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 Questions and Answers 100% Correct 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 ...

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 agent cannot fully represent both parties so the agent ...

Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct Alabama Real Estate Exam 2023-2024 - Questions and Answers 100% Correct 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 d...

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 t...

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 agent cannot fully represent both parties so the agent d...

Alabama Real Estate Exam - Questions I've Struggled With Verified Answers 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 ac...

Alabama Real Estate Exam With 100% Verified Answers