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6 Cards in this Set
- Front
- Back
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Implied Agency
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Created by action, not by contract.
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Universal Agency
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The Principal empowers the agent to do everything for the principal.
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Real Estate Advisory Board has_____ members. 2__,2__,2__,3___. They are appointed by______. For a term of ____.
With _____ compensation. |
:9
:brokers, subdividers, res. brokers, public members. :Govenor :None |
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Special Agency
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The Principal empowers the agent for one single purpose.
EX:Broker and Seller. |
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General Agency
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Principal empowers the agent in one central business relationship.
EX: Broker and Sales Agent |
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Agency by Ratification
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Agency is created after the fact. Created by action not by contract.
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