Martin, who wants to sell a house he owns, authorizes his concierge, Wilhelm, to find a potential buyer and finalize a deal above a stipulated price. Wilhelm contracts Chris, a real estate broker, and instructs him to only find a potential buyer and send them over to Wilhelm for the sale. Martin then contracts ReNowait Goodhouses, a home improvement company to renovate the house. ReNowait completes its work and Martin pays them. Chris then searches for a suitable buyer and finds one in George. George buys the house and Chris is paid for his services. What role does Chris perform?
A) independent contractor
B) agent
C) principal
D) trustee
Correct Answer:
Verified
Q1: Which of the following constitutes an agency?
A)
Q3: A(n) _ is a fiduciary relationship which
Q4: Agency relationships created against public policy are
Q5: Martin, who wants to sell a house
Q6: A(n) _ is a relationship formed when
Q7: A party who employs another person to
Q8: Which of the following is true of
Q9: An agent is a party who _.
A)
Q10: A principal works on behalf of an
Q11: An employer-employee relationship exists when an employer
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