Agency
Agency Practice Question
In Tennessee, the term 'affiliate broker' refers to:
A
A managing brokerB
A salesperson licensed under a principal brokerC
An independent contractorD
A property manager onlyExplanation
In Tennessee, an affiliate broker is equivalent to a salesperson in other states, working under a principal broker.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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