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10 Cards in this Set
- Front
- Back
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What is Ethics
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A set of principles or values by which an individual guides his or her own behavior and judges that of others
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Police Power
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The power of the state to passs laws, within lawful limits, that promotes the order, safety, health, morals, and general welfare of its citizens
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Real Estate Agent
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Someone licensed by the Department of Real Estate, holding either a broker or salesperson license, who negotiates sales for other people
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Real Estate Broker
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Someone holding a broker license and permitted by law to emply those holding a salesperson license, who may negotiate sales for other people
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Rea Estate Law
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The law that affects the licensing and conduct of real estate agents
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Real Estate Salesperson
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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
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Real Estate Sales Associate
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The same as a real estate salesperson, holding a salesperson license, employed by a broker
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Revoke
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recall and make void
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suspend
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temporarily make ineffective
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trade association
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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
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