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Principles 1 Unit 4 Real Estate Brokerage & Law of Agency

__ agent used for property management.
Information About Brokerage Services
The relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactions.
Payment to a broker for services rendered.
A misstatement of a material fact made with intent to deceive or made with reckless disregard of the truth, and actually does deceive.
The person for whom the agent works.
An unintentional misstatement of a fact; incorrect or misleading representation.
The illegal act of a real estate broker who mixes the money of other people with his own money.
__ emptor is a Latin phrase meaning "let the buyer beware".
One who purchases or sells property without being represented by an agent.
One who acts or has the power to act for another.
__ agency is an agency created by specific agreement, whether written or oral, of principal and agent.
Texas Deceptive Trade Practices - Consumer Protection Act.
Agency by __ is an agency relationship that is established after the fact.
For a commission or fee, bringing together parties interested in buying, selling or leasing real property.
Exaggerated opinions not made as representations of fact and thus not grounds for misrepresentation.
__relationship of trust and confidence, as between trustee and beneficiary or principal and agent.
One who buys and sells for another for a commission.
__ cause is the effort that brings about the desired result.
The person who employs an agent to perform a service for a fee.