Fiduciary duties Study guides, Class notes & Summaries
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Law Of Agency Study Guide for Exam 1 | Questions with 100% Correct Answers | Latest Version 2024 | Verified | Ace the Test
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What are the duties of an agent Fiduciary Duties (OLD CAR) 
- Obedience 
- Loyalty 
- Disclosure 
- Confidentiality 
- Accounting 
- Reasonable care 
Types of Agents - Universal Agency; power to act for the principal in all transactions. 
- General Agency; represents principal in a particular type of transaction (property manager or 
broker and real estate agent 
- Special Agency; most limited, agent performs limited duties for the principal.
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Kentucky Real Estate Practice Final One |120 questions and answers.
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condominium 
Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a 
 
 
 
on probation 
A licensee could be active in the real estate business if his/her license is 
 
 
 
Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has 
thirty days to place her license in escrow or find another broker 
 
 
 
Disciplinary actions that can be taken by the ...
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 
RECA RESIDENTIAL EXAM ACTUAL 
EXAM 200 QUESTIONS AND DETAILED 
ANSWERS|A+ RATED| NEW 2024 
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 
-N...
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CFP Exam 2020 Questions & Answers
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CFP Exam 2020 Questions & Answers 
 
 
CFP Standards of Conduct Sections (6) - ANSWERSA. Duties owed to clients. 
B. Fin. Planning and Application of Practice Standards 
C. Practice Standards for Fin. Planning Process 
D. Duties owed to firms/subordinates 
E. Duties owed to CFP Board 
F. Prohibition on Circumvention 
 
Section A of CFP Standards of Conduct - ANSWERSDuties owed to Client: 
1. Fiduciary Duty 
2. Integrity 
3. Competence 
4. Diligence 
5. Disclose and Manage Conflicts of Interest ...
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16 MAY 2023 EXAM ANSWERS - COMPANY LAW LML4806
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QUESTION 1 [20] 
1.1 The Memorandum of Incorporation of Generators Unlimited (Pty) Ltd provides that only the 
board of directors, or any director authorised by the board, has the power to conclude contracts 
on behalf of the company. It also states that any transaction that exceeds R10 million must first 
be authorised by the company’s shareholders at a general meeting by way of an ordinary 
resolution. One of the directors, Nthabiseng, is authorised by the board of directors to conclude 
con...
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Champions School of Real Estate - Exam Prep Latest Update 100% Pass
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Champions School of Real Estate - 
Exam Prep Latest Update 100% Pass 
 
Buyer Representation Agreement An employment contract obligating a broker to act as a 
fiduciary to a buyer 
 
Implied Agency Agency as a result of customary, usual or typical conditions 
 
Broker A properly licensed party who serves a principal in an agency relationship- also 
called an agent 
 
Client A party represented by a broker in an agency relationship - also called a principal 
 
Duties of an Agent An agent owes his...
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Bus 250 Final || Questions and 100% Accurate Answers.
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Civil Law correct answers Regulates the rights and duties between parties 
 
Agent correct answers A person who acts for someone else 
 
Bilateral Contract correct answers A promise made in exchange for another promise 
 
Common Law correct answers Judge-made law 
Law made when judges decide cases and then follow those decisions in later cases 
Predictability and flexibility are the most important goals 
Still predominates in contract law, agency law, and tort law 
 
Contract correct answers A l...
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RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION GUIDE| LATEST 2024
- Exam (elaborations) • 416 pages • 2024
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RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION 
GUIDE| LATEST 2024 
RECA RESIDENTIAL EXAM UNITS 1-9| 
RECA RESIDENTIAL TEST BANK| 1763 
QUESTIONS &ANSWERS 100% 
CORRECT|COMPLETE SOLUTION 
GUIDE| LATEST 2024 
3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise 
to fiduciary duties in a representation relationship: 
Trust and Confidence, Best Interests, Loyalty 
8 General Obligations of REPs 
Exer...
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MRL2601 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!)
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MRL2601 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) 
 
 
QUESTION 1 
1.1 With reference to relevant legislation and case law, explain the legal consequences of the recognition of a company’s separate legal personality. 
(10) 
 
1.2 Name the different types of companies that are provided for in the Companies Act 71 of 2008. (5) 
 
1.3 Vela is a shareholder of Impala Ltd. The next annual general meeting will be held on 13 November 2023. Unfo...
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Compliance for investment advisers || with 100% Errorless Solutions.
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What are the fiduciary duties of an adviser as outlined by the SEC? correct answers Provide advice that is sitable for the client 
Full disclosure of all material facts 
Full disclosure of actual AND potential conflicts of interest 
Utmost and esclusive loyalty and good faith 
Best execution of client transactions 
Exercise reasonable care to avoid misleading clients 
 
What should fiduciaries do if they engage in an activity that conflicts with the interest of the client? correct answers Get wr...
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