Question: Principal

Answer: A real estate broker works for the

Question: An employee of the broker

Answer: The Real Estate Law treats a salesperson as

Question: An independent Contractor

Answer: For tax purposes, a salesperson can work for the broker as

Question: Known as Dual Agency

Answer: When an agent represents both the buyer and seller in the same transaction, this action is

Question: Power of attorney (aka) P.O.A.

Answer: An agent is authorized to act in place of the principal by a

Question: An open listing

Answer: A nonexclusive Listing agreement is also known as

Question: Exclusive Right to Sell

Answer: The MOST commonly used form of listing agreement is the

Question: Negotiable.

Answer: Real estate commission rates are

Question: Loyalty

Answer: One of the MOST important duties of agent to principal is the duty of

Question: Duty of disclosure

Answer: An agent owes which of the following to a third party