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Agency X-word

Wayne Young, Instructor
Across
Where firms show cooperation & compensation
Scope of authority for most real estate brokers.
Intentional or willful misrepresentation of info.
Agreement that must be signed from the outset
Let the buyer beware
Compensation
Unintentional harm
3rd Party
Fiduciary duties
Down
Agency created by conduct only
One who represents the interest of another
Created when firm appoints other firm to assist in performing functions on the principal's behalf.
Type of agency NOT allowed between BIC & PB
Relationship in which the agent is in a position of trust and confidence to the principal
Can be oral (briefly)
An agent of an agent
Principal
Broker's license while under supervision of a BIC
Exaggerated opinion
Scope of authority when agent is empowered to do anything the principal can do.