Gadsden
1996
What is when RECAD became law
Sub-agency
A form of agency that is not practiced by ERA KING?
There is no agency representation
What is transaction broker?
When you represent both buyer and seller in the same transaction
What is Limited Consensual Dual Agency?
As soon as reasonably possible
When should you present the RECAD form?
If you have a buyer client and the seller is a FSBO what form is needed
What are the FSBO form, net sheet and RECAD form?
If you are called to a hearing regarding a dispute commission what could improve your case as procuring cause.
What are the RECAD and buyer agency forms.
RECAD form, Buyer Broker Agreement and LCDA form
What forms are needed if you represent the buyer in a LCDA transaction?
You may not disclose the existence of offers to an inquiring agent
What is the duty of confidentiality?
RECAD
What is Real Estate Consumer Agency Disclosure
Due Diligence
What is a Client level service?
Does not create procuring cause
What is a buyer agency agreement?
Obedience, Loyalty, Disclosure, Confidentiality, Accounting, Reasonable care and due diligence
What are the fiduciary duties?
Only one person(s)
What is single agency?
Acting like an agent when you are not an agent
What is implied agency?
You may not disclose anything that would be detrimental to your client.
What is confidentiality
You represent that person
What is a client?
They always come first
What are clients?
RECAD, LCDA
What are disclosure forms?
Earnest money, keys, deeds, surveys
What is the fiduciary duty of accounting by agents?