Real Estate Chapter 21

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5 Terms

1
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policy and procedure manuals

office procedure publication that provides guidelines for agents' conduct in operating the office

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trust account

account used by a real estate broker to hold other people's funds

3
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Fair Housing Act

federal law regarding sales practices and procedures

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errors and omissions insurance

insurance to protect the public from a license holder's negligent conduct

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management agreements

employment agreement for a license holder to manage properties