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8 Cards in this Set

  • Front
  • Back

Associate licensee

A licensed real estate sales person who is employed by or associated with the broker to perform brokerage activities on behalf of or for the broker

Broker

One who acts as an intermediary on behalf of others for a fee or commission

Code of Ethics

A written system of standards for ethical conduct

Market

A place where goods can be bought and sold and a price established

Real estate licensee

In real estate practice a person who has the skills and knowledge to being licensed as a real estate broker or salesperson

Sales Associate

A person who performs real estate activities while employed by a licensed real estate broker

Salesperson

Person who performs real estate activities while employed by a licensed real estate broker (same as Sales Associate)

Supply and demand

Appraisal principle that follows the inter-relationship Supply and on demand for a little bit. Because the crazy is based on economic concepts this principle recognizer that real property is subject to the employee of the marketplace as with any other commodity