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6 Cards in this Set

  • Front
  • Back

agency

is the relationship when a consumer has given consent (either express or implied) to a real estate licensee to represent the consumer in a real property transaction.

agent works for the __________

client

agents works with the_______

consumer

six common-law fiduciary duties

care


obedience


loyalty


disclosure


accounting


confidentiality

General agent

represents the principal generally

Special agent

represents the principal for a specific act, such as the sale of a house