Chapter 4 - Quiz
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When a real estate broker represents a buyer in a transaction, the broker and buyer are bound by which of the following contracts...?
Buyer's representation agreement
Which of the following acronyms summarizes the fiduciary duties a broker owes to his/her principal...?
C.O.A.L.D.
An agency relationship created by oral or written agreement between the principal and the agent is known as...?
Express agency
The 'L' in the acronym C.O.A.L.D. stands for which fiduciary duty...?
Loyalty
The employer of an agent is referred to as the...?
Principal