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What is the difference between a general agent and a special agent?
What is the difference between a general agent and a special agent?
- A general agent has more authority than a special agent
- A general agent works on a variety of actions while a special agent does a specific task (correct)
- A general agent is licensed while a special agent is not
- A general agent works only for the buyer while a special agent works only for the seller
What is the purpose of the Real Estate Recovery Fund?
What is the purpose of the Real Estate Recovery Fund?
- To provide funding for real estate agents to start their own businesses
- To compensate victims of fraudulent real estate transactions (correct)
- To provide financial assistance to buyers purchasing their first home
- To pay for continuing education courses for real estate agents
What is the difference between an express agreement and an implied agreement?
What is the difference between an express agreement and an implied agreement?
- An express agreement is legally binding while an implied agreement is not
- An express agreement requires the signature of all parties while an implied agreement does not
- An express agreement is explicitly stated through orally or writing while an implied agreement is done by actions (correct)
- An express agreement is only valid for a limited time while an implied agreement is permanent
What is the purpose of an agency agreement in a real estate transaction?
What is the purpose of an agency agreement in a real estate transaction?
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What is the primary duty of a real estate agent?
What is the primary duty of a real estate agent?
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What is the purpose of a disclosure of agency?
What is the purpose of a disclosure of agency?
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What is the difference between trust fund conversion and commingling?
What is the difference between trust fund conversion and commingling?
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What is the difference between a general agent and a special agent?
What is the difference between a general agent and a special agent?
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What is the purpose of the real estate recovery fund?
What is the purpose of the real estate recovery fund?
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What is the difference between an express agency agreement and an implied agency agreement?
What is the difference between an express agency agreement and an implied agency agreement?
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What is commingling?
What is commingling?
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What is the primary duty of a real estate agent?
What is the primary duty of a real estate agent?
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