Larson Unit 11

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Author:
debado
ID:
223292
Filename:
Larson Unit 11
Updated:
2013-06-10 18:55:12
Tags:
Brokerage Relationships
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Description:
Brokerage Relationships
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  1. one who delegates authority to another to act on one's behalf
    principal
  2. one who is authorized to act on the principal's behalf
    agent
  3. a relationship created when the principal delegates to an agent the right to act on the principal's behalf in business transactions and to exercise some degree of discretion while so acting
    agency
  4. a relationship of trust and confidence between a principal and agent
    fiduciary
  5. an agency created when an agent is authorized to represent, without the ability to bind, a buyer or seller
    special agency
  6. an agency created when a principal grants the power of attorney to an agent
    universal agency
  7. the illegal act of creating a fiduciary relationship with both the buyer and seller
    dual agency
  8. the authorized agency relationship in which the broker has a fiduciary relationship with either the buyer or seller
    single agency
  9. the authorized agency relationship that is presumed to exist in the absence of an agreement to the contrary
    transaction broker
  10. a bilateral listing agreement in which the broker is paid regardless of who sells the property
    exclusive-right-to-sell
  11. a unilateral listing agreement in which the broker is entitled to compensation only if the broker finds a buyer
    open listing

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