A broker was part owner of an apartment building along with two co-owners. When they decided to sell the broker was named as the listing agent. The broker thus held an agency by ratification.
Correct Answer:
Verified
Q40: A buyer makes an initial deposit of
Q41: A real estate licensee may not work
Q42: Brokers can indemnify themselves against legal actions
Q43: Any earnest money deposits paid by the
Q44: Price fixing and monopolies are prohibited by
Q46: A broker who misrepresents a property to
Q47: A broker who intentionally misleads a prospect
Q48: A person who brings two or more
Q49: The relationship of a sales associate to
Q50: _ agency is the representation of two
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