Chapter 13 Flashcards
1
Q
Bringing Parties together for the purchase, rent, or exchange of real estate
A
Brokerage
2
Q
The party who acts on behalf of a principle
A
Agent
3
Q
Principles in real estate transactions are called:
A
Clients
4
Q
One legally placed in a position of trust and confidence
A
Fiduciary
5
Q
An Agent who represents a principal in all activites
A
Universal Agent
6
Q
Represents the principal in a related range of activities
A
General Agent
