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9 Cards in this Set
- Front
- Back
Agency |
every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction. |
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Associate broker |
a person who acts on behalf of a real estate broker in performing any act authorized by this chapter to be performed by the broke. |
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broker |
any person who, for another,and who , for a fee, commission, or any other valuable consideration, or with the intent or expectation of receiving the same from another: *negotiates or attempts to negotiate, or assists in procuring prospects for the listing, sale, purchase ,exchange,renting , lease, or option for any real estate or of the improvements. *holds himself or herself out as a referral agent for the purpose of securing prospects for the listing , sale, purchase , exchange, renting,lease,or option for any real estate. *collects rents , assessments, or other trust funds or attempts to collect rents, assessments , or other trust funds. *is employed by or on behalf of the owner or owners of lots, time-share intervals, or other parcels of real estate at a salary,fee, commission, or any other valuable consideration to sell such real estate or any part thereof in lots of parcels or intervals or other disposition jk |
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Community association manager |
A person who acts on behalf of a real estate broker in providing only community association management services. |
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Firm
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Any business entity, including, but not limited to, a corporation, partnership, limited liability company, or sole proprietorship.
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Licensee
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Any person who is licensed as a community association manager, salesperson, associate broker, or broker.
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Ministerial acts
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Those acts related to real estate brokerage activities, which a licensee or a licensee's employee performs and which do not require discretion or the exercise of the licensee's own judgment.
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Person
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Individuals and firms.
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Property management services
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The provision, for a valuable consideration, to another of marketing, including referring prospective tenants; leasing; physical, administrative, or financial maintenance; and overall management of real property; or supervision of the foregoing activities for another pursuant to a property management agreement.
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