California: Legal Aspects Of Real Estate Study Guide Rated A+

What should an agent do if he or she realizes there is agency that has not been properly disclosed to someone? {Ans: The agent should immediately provide property disclosure and/or end agency with one or both clients to show sincerity in fixing the disclosure that should have taken place.}What are four areas of difference between civil law and criminal law? {Ans: Concerns Party filing the case Burdens of proof Goals}These days, how do consumers often view a home purchase? {Ans: As an investment}What do building codes address? {Ans: Architectural and engineering standards Construction materials standards Building support systems such as life safety, electrical, mechanical, and utility systems}Who can allow a listing to be cancelled during the term of the listing agreement? {Ans: The broker}What is due process? {Ans: A fair hearing by an impartial judge}In what type of agency relationship does the principal empower the agent to perform any and all actions that may be legally delegated to an agency representative? {Ans: Universal agent}Define a parcel. {Ans: A portion of land delineated by boundaries}What are the major forms of legal life estate? {Ans: Homestead, dower and curtesy and elective share.}What is