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Author Question: Title insurance will still cover a nonbona fide purchasers buyer. Indicate whether the statement is ... (Read 26 times)

CBme

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on: Jun 24, 2018
Title insurance will still cover a nonbona fide purchasers buyer.
  Indicate whether the statement is true or false

Question 2

Can anyone become an agent? Explain the requirements one needs to become an agent.


miss_1456@hotmail.com

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

Ordinarily, any person who has sufficient intelligence to carry out a principal's orders may be appointed to act as an agent. The law does not impose this requirement. It arises from the practical consideration of whether the principal wants to have the particular person act as an agent. Corporations and partnerships may act as agents. In some cases, however, an agent cannot perform some types of transactions without meeting certain requirements. For example, in many states a real estate agent must possess certain definite qualifications and must, in addition, secure a license to act in this capacity. Failure to do this disqualifies a person to act as an agent in performing the duties of a real estate agent.


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