Term
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Definition
| B is a real estate broker employed as a real estate Salesperson for broker A |
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Term
| at the broker's primary place of bus |
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Definition
| The license of a Salesperson working @ a branch office is held: |
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Term
| Use of the term Realtor by a licensee not authorized could result in: |
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Definition
- suit by Nat'l Assn. of Realtors
- suspension of license
- revocation of license |
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Term
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Definition
| Mabel & Edgar have 3 children. They have $100,000 in community property. Edgar dies intestate (w/out a will). Ea child receives: |
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Term
| A broker refuses to sell because of color. His actions is: |
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Definition
- unethical
- illegal
- against public policy |
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Term
| sell his 1/2 INT to another |
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Definition
| A person having an INT as community property may not: |
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Term
| an executed bilateral contract |
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Definition
| A agreed to buy B's horse for $100. B agrees to sell for $100. B delivered the horse to A & A paid B $100. This is: |
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Term
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Definition
| Owner A suffers a loss because of the fraudulent misrepresentation of broker B. Owner A should: |
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Term
| holding a deposit chk uncashed @ your own discretion |
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Definition
| Commingling is the reason more licenses are revoked than any other. The following is an ex. of commingling: |
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Term
| Thomas Brown offered for a fee to assist Mrs. Jones to lease and/or purchase federal land. |
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Definition
- Brown must be a broker
- Brown can charge |
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Term
- was unethical
- placed his license in jeopardy |
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Definition
| Broker Jones, who was on the city planning commission told some friends about an advantageous deal based on confidential plans to change the zoning. Broker Jones did not personally benefit in any way. Broker Jones's action: |
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Term
| Jones is liable on the entire lease |
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Definition
| Jones leases Smith's store under an oral, 1 yr. lease. After 3 mo.'s, Jones finds a less expensive rental: |
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