The law of agency is an area of commercial law that deals with a set of contractual, quasi-contractual and non-contractual fiduciary relationships involving an agent. What role does it play in real estate? Let’s find out!
A trustee
A trustor relationship
A fiduciary relationship
An employment reationship
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The buyer can force the sales
Buyer can sue seller for specific performance
Seller must pay broker's commission
Anthony is liable to clark
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Establishers the broker-principal relationship
Licenses real estate brojkers
Requires all real estate contracts to be in writing
Requires all listings to have an expiration date
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A fiduciary to the owner of property which he lists
Appointed by the owner to negotiate for him
Both "A" and "B"
Neither "A" nor "B"
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The agency exists between Brown and Green
The agency exists between Green and PDQ CO.
Both "A" and "B"
Neither "A" nor "B"
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Unkowingly makes a misrepresentation to the buyer on false information given to him by the seller
Executes an agreement with the buyer on behalf of the seller under a Power-of-attorney
Acts in excess of the authority given to him by the seller under a listing agreement
Retains the buyer's check at the seller's request after an offer has been accepted by the seller and acceptance has been communicated to the buyer
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Negotiating the sale of investment property
Holding an option to purchase, together with a listing on the same property
Negotiating an exchange of real property
Selling real property securities to the public
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Loses his commission
Is only entitled to the earnest money
Can collect full commission from the seller
May collect from the buyer
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Quiz Review Timeline (Updated): Mar 22, 2023 +
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