Agency
Agency Practice Question
Who dictates trust accounts and when to deposit earnest money or other trust funds?
A
State Specific License LawB
The Brokerage FirmsC
Federal LawD
County LawExplanation
Each state's license law dictates trust account requirements and deposit timelines.
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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