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6 Cards in this Set

  • Front
  • Back
Implied Agency
Created by action, not by contract.
Universal Agency
The Principal empowers the agent to do everything for the principal.
Real Estate Advisory Board has_____ members. 2__,2__,2__,3___. They are appointed by______. For a term of ____.
With _____ compensation.
:brokers, subdividers, res. brokers, public members.
Special Agency
The Principal empowers the agent for one single purpose.
EX:Broker and Seller.
General Agency
Principal empowers the agent in one central business relationship.

EX: Broker and Sales Agent
Agency by Ratification
Agency is created after the fact. Created by action not by contract.