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10 Cards in this Set
- Front
- Back
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Agency Broker |
a relationship whereby the broker or licensees in the employ of the broker act as fiduciaries for a consumer of real estate services by the express authority of the consumer of RE services. |
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Associate Broker |
A broker employed by another broker |
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Broker |
Any person who, for another and for a fee, commission or other valuable consideration: 1. negotiates with or aids any person in locating or obtaining for purchase, lease or an acquisition of interest in any RE 2. negotiates the listing, sale purchase, exchange, lease, time-share and similarly designated interests, financing or option for any RE 3. manages any real estate 4. represents himself to be a RE consultant, counselor, agent or finder 5. undertakes to promote the sale, exchange, purchase or rental of RE:provided, however, that this provision shall not include any person whose main business is that of advertising, promo or public relation. 5.1 undertakes to perform a comparative market. 6. attempts to perform any of the above acts. |
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Builder-Owner Salesperson |
Any person who is a full-time employee of a builder-owner of single and multifamily dwelling located within the Commonwealth and as such employee shall be authorized to list for sale, sell or offer sale, or to negotiate the sale or exchange of RE or to lease or offer lease, rent or place for rents. any RE owned by his builder-owner employer or collect offer or attempt to collect, rent for the use of RE owned by his builder owner employer for and on behalf of such builder owner employer |
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Buyer Agent |
Any licensee who has entered into an agency relationship with a consumer buyer of RE |
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Campground membership |
An interest, other than in fee simple or by lease, which give the purchase the right to use a unit of real property for the purpose of locating a recreational vehicle, trailer, tent etc on a periodic basis pursuant to the membership contract allocating use and occupancy rights between other similar users. |
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Campground membership Saleperson |
person who either as an employee or an independent contractor sells or offers to sell campground membership. Such a person shall sell campground memberships under the active supervision of a broker. |
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Commercial Property |
1. Any property, or portion thereof, which is used, occupied or is intended, arranged or designed to be used or occupied for the purpose of operating a business, an office, a manufacturing facility and any public accommodation.
2. vacant land offered for constructing a business, office etc |
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Comparative Market Analysis |
A written analysis, opinion or conclusion by a contracted buyers agent, transactional licensee or an actual or potential seller's agent relating to the probable sale price of a specified piece of RE in an identified RE market at a specified time, offered for the purpose of determining the asking or offering price for the property by a specific actual or potential consumer or for the purpose of securing a listing agreement with a seller. |
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Department |
The Department of state acting through the Commissioner of Professional and Occupational Affairs |
