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Flashcards about real estate principles.

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5 Terms

1
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Listing Contract

An employment agreement between a broker and a seller.

2
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Procuring Cause of Sale

The broker set in motion a series of events that resulted in the sale.

3
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Salesperson Duties

As a general agent for the broker.

4
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Independent Contractor

The licensee controls their own working hours.

5
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Seller's Broker and Salesperson Owe

Negotiation of the lowest possible price.