Principle owes the agent the duty of remuneration

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Reference no: EM131915077

1. When an ageny relationship is created, the principle owes the agent the DUTY OF REMUNERATION. The duty of remuneration means?

a. That they prinicple has no obligation to p ay the agent in return for the services provided

b. That a real estate brokerage must ensure there is a deposit for every transaction

c. That if the agent is sued, the principle must pay any claim awarded by a court

d. That the agent must not recieve payment from anyone other than the principle

2. Agency Law requires that an agent cannot ACT both as an agent and also as a principle in a transaction with the client without the client's knwledge and consent

Where is this requirement to disclose when a real estate registrant is buying or selling property more speficially addressed in STATUTE LAW so that consumers are protected?

A. in the REAL ESTATE AND BROKERS ACT, 2002 in the section dealing with TRUST ACCOUNTS

B. In THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002 IN the section detailing the EXEMPTION FROM Registration

C. In the CONSUMER PROTECTION ACT in the section relating to UNFAIR PRACTIES in the selling of services

D. In the REAL ESTATE AND BUSINESS BROKERS ACT, 2002 in the section dealing with buying and selling by a registrant.

Reference no: EM131915077

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