Law Of Agency - Champions Study Guide Graded A+

A signed employment agreement is necessary to: {Ans: sue for commission}Which of the following requirements must be satisfied if a broker seeks to enforce payment of a commission? {Ans: The broker must have a valid real estate license, The broker must have a signed employment agreement with a promise by the client to pay a commission, The broker must be the procuring cause of sale}the IRS considers which of the following a violation of independent contractor status? {Ans: salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker}disclosure of representation may be: {Ans: either oral or written}A listing is terminated by any of the following, EXCEPT: {Ans: The passage of exactly one year since the agreement was signed}According to TREC advertising rules, the definition of advertisement includes all of the following, EXCEPT: {Ans: Communication from a licensee to his or her client}