Transaction without entering into signed agency agreement

Assignment Help Operation Management

Reference no: EM132208961

1. If a licensee wants to recommend a service to a party in a transaction, what must the licensee disclose?

Any compensation the licensee will receive for the referral

The recommended firm's contractor license

A list of other clients to whom the licensee has made the same recommendation

A disclaimer of any liability for damages resulting from the actions of the recommended vendor

2. A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a

designated agent.

facilitator.

sub-agent.

managing broker.

3. As a facilitator, which of the following is permissible?

Working as a seller's agent on the same transaction.

Working as a buyer's agent on the same transaction.

Working as a dual agent.

Working with a designated agent.

Reference no: EM132208961

Questions Cloud

Marketing or corporate social responsibility : Is this an example of sustainable marketing or corporate social responsibility?

Selfish leader toward better team leadership : How would you guide a cold and selfish leader toward a better team leadership, sharing his knowledge with others, and mentoring his team members?

Leadership have many definitions : Leadership have many definitions. According to our weekly readings, leadership is when someone in charge motivates others to achieve goals.

Impact on given business or industry : Please describe 3 current events that will have an impact on a given business or industry. Please provide detail.

Transaction without entering into signed agency agreement : A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a

The selection and purchasing of their clothing-accessories : Women on the Go is a startup company targeted at women who need assistance with the selection and purchasing of their clothing/accessories.

Licensee representing seller works with unrepresented buyer : If licensee representing seller works with unrepresented buyer, licensee must confirm her agency relationship in writing to buyer at what point in transaction?

Organizations and organization theory : Organizations and Organization Theory, Interorganizational Relationships and Organization Culture and Ethical Values, Decision-Making Processes

Reasonable care and skill in real estate agency duty refers : "Reasonable care and skill" in real estate agency duty refers to

User Account

All Pages