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11 Cards in this Set
- Front
- Back
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Individual must hold an active real estate license Individual must agree in writing, not to be treated as an employee for federal tax purposes At least 90% of the individual income as a licensee must be based on sales production rather than ours |
Independent contractor |
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A real estate license he needs insurance protection from claims made my clients customers and consumers related to the provision of real estate activities call professional services by the insurance industry |
Errors and omissions insurance |
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is illegal standard that holds a licensee to the highest ethical standards that the law provides |
Fiduciary standard |
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Caused a chain of events that resulted in the sale |
Procuring cause |
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One who is prepared to buy on the sellers terms and ready to take positive steps toward consummation of the transaction |
Ready, willing, and able buyer |
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Price fixing Group boycotting Allocation of customers Allocation of markets Tie-in agreements |
Antitrust violations include |
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The practice of setting prices for products or services rather than letting competition in the open market establish those prices. |
Price-fixing |
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Occurs when two or more businesses conspire against business |
Group boycotting |
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Agreements to sell one product only if the buyer purchases another product as well |
Tie- in agreements |
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Saying or writing derogatory or dismissive content about a competitor can easily be construed as trying to drive them out of business |
Disparaging the competition |
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A list of phone numbers of consumers who do not want to be contacted by commercial telemarketers |
National do not call registry |
