Exam: Law Of Agency Champions | 60 Questions With 100% Correct Answers | Latest Update 2024 | Verified

A _____ _____ should, at minimum include: (11 pieces) A legal description of the property, including a street address. The agreement to pay a stated commission, usually a percentage of the sales price p.79 {Ans: listing package}An agent is obligated to follow all of the lawful instructions of a client. P.32 {Ans: Obedience}Agency by actual authority exists when an individual grants _____ _____ to the agent to perform some act. P.27 {Ans: express authority}An agent that has the opportunity to sell his or her own listing (both sides of sale). Under Intermediary rules, the agent can complete the transaction, but CANNOT give advice and/or opinions to either party. P.168 {Ans: Intermediary without appointments}_____ _____ demand that the primary duty of the real estate agent is to represent the interest of his or her client, and his or her position, in this respect, should be clear to all parties concerned in a real estate transaction, that however, the agent, in performing his or her duties to the client, shall treat other parties to a transaction fairly. {Ans: Fiduciary duties}_____ are held to the highest amount of good faith, are required to exclude all selfish interest, are