This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is an exclusive agency? What is a dual agency? What will be an ideal ... (Read 79 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Aug 3, 2018
What is an exclusive agency? What is a dual agency?
 
  What will be an ideal response?

Question 2

What duties does an agent owe a principal in an agency relationship?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Aug 3, 2018
Answer to Question 1

An exclusive agency is the most common form of agency in a real estate transaction. The seller gives the broker/agent the exclusive right to market the property and receive a commission upon the sale of the property. A dual agency occurs when the broker/agent represents both the seller and the buyer in a real estate transaction.

Answer to Question 2

The agent owes the principal the duties of loyalty, obedience, disclosure, and confidentiality.


future617RT

  • Member
  • Posts: 543
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
A dual turbocharger system installed on a small block Chevrolet V-8 engine. A dual turbocharger system installed on a small block Chevrolet V-8 engine.
Testing a dual cell wideband oxygen sensor can be done using a voltmeter or a scope. The meter ... Testing a dual cell wideband oxygen sensor can be done using a voltmeter or a scope. The meter ...
A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ... A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ...
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library