Principle owes agent the duty of remuneration

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Reference no: EM131915038

1. Correctly complete the following sentence from the answer choices provided below

A Blanket mortgage is:

a. Is only permitted to be used for commercial properties

b. is a single mortgage that is registered on the title of two or more properties as security for the loan.

c. Is any mortgage, other than a first mortgage registered against the title of a commercial property.

d. Is another name for a wraparound mortgage

2. When an ageny relationship is created, the principle owes the agent the DUTY OF REMUNERATION. The duty of remuneration means?

a. That they prinicple has no obligation to p ay the agent in return for the services provided

b. That a real estate brokerage mjust ensure there is a deposit for every transaction

c. That if the agent is sued, the principle must pay any claim awarded by a court

d. That the agent must not recieve payment from anyone other than the principle

Reference no: EM131915038

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