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A principal can be held liable for the action of his agent while the agent is acting within the scope granted in the agency agreement. This is known as
Agency relationship can be created by
1.Written Agreement, 2. Action that would imply an agency relationship exists, 3. Verbal agreement
A person representing another's interest without expectation of compensation is known as
Real estate salesperson acting as a buyer's agent is
an agent of his/her broker and subagent to the buyer`
What can terminate an agency relationship
Death of principal or agent, Performance, Unilater action by the principal or the agent
Must disclose the dual agency in writing and obtain written consent of all parties to the transaction to the dual agency relationship is who's responsibility
An agency relationship created when a party gives approval to unauthorized action after the fact is known is
When both buyer adn seller or two buyers negotiating for the same property are represented by the same broker
A person authorized to act for another under a property executed power of attorney is known as
an attorney in fact
Nevada requires_____disclosure form be given and acknowledged in all real estae transaction of one to four dwelling units
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