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10 Cards in this Set

  • Front
  • Back
What is Ethics
A set of principles or values by which an individual guides his or her own behavior and judges that of others
Police Power
The power of the state to passs laws, within lawful limits, that promotes the order, safety, health, morals, and general welfare of its citizens
Real Estate Agent
Someone licensed by the Department of Real Estate, holding either a broker or salesperson license, who negotiates sales for other people
Real Estate Broker
Someone holding a broker license and permitted by law to emply those holding a salesperson license, who may negotiate sales for other people
Rea Estate Law
The law that affects the licensing and conduct of real estate agents
Real Estate Salesperson
someone holding a salesperson license who must be employed by a real estate broker, for pay, to perform any of the activities of a real estate broker
Real Estate Sales Associate
The same as a real estate salesperson, holding a salesperson license, employed by a broker
recall and make void
temporarily make ineffective
trade association
a voluntary non profit organization of independent and competing business units engaged in the same industry or trade, formed to help solve industry problems, promote progress and enhance service