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Real Estate Brokerage and Agency


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In English
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Ariaun Stewart


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FSBO
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For Sale by owner

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Real Estate Brokerage and Agency - Details

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🇬🇧🇬🇧
FSBO
For Sale by owner
Limited Service Brokers
"unbundle" the traditional full service and will list, advertise, and possibly provide other services but, for a lessor commission, let the seller make appointments, show the property and settle on the price.
Fee for service brokers
Encourage sellers to sell their own property and then help close the sale for a fee covering only the service rendered.
What needs to be between an Office principle and his Sales people
A written agreement stating the obligations and responsibilities of the relationship
Special Agent
One authorized to perform only a specified act or to conduct a particular transaction.
General Agent
Authorized to perform all acts associated with the continued operation of a specific job or a certain business, such as a property manager of an apartment complex.
Universal Agency
Gives authorization to act for a principal in all areas, such as in a power of attorney.
Express Authority
That authority granted an agent explicitly either orally or in writing, such as a listing.
Implied Authority
The authority granted an agent to accomplish all things necessary and incidental to the express authority granted but which is not specifically set forth.
Apparent Authority
In situations where innocent third persons suffer because of a secret limitation on an agent's powers or because of authority not actually granted but which an agent "appears" to have, the courts impose apparent authority as a matter of law.
The three basic classes of zoning are
Residential, commercial, and industrial
A non-conforming use is
One which existed prior to enactment or revision of current zoning
A buffer zone is one which
Separates residential areas from other types of zoning
The Interstate Land Sales Act regulates
Sale or lease within the state of of out-of-state unimproved subdivision lots
The MA Environmental Policy Act
Requires an environmental impact report for conversion of wetlands
Title 5 requires inspection of sewage systems
Within 2 years before a transfer of title
Upon the death of a sole proprietor, the board will issue a...
Temporary license good for one year from the broker's date of death.
In MA, an appraiser is required to be a certified _______, certified _______, ______, or _____appraiser.
Certified general, certified residential, licensed, or trainee appraiser.
A real estate appraiser examination, which is taken only once, includes r__________, _________, ________, and _____.
Real estate law, theory of depreciation, methods of capitalization, ... economics
Sub agent
An agent acting for another agent on performing functions undertaken for a principal.