California Real Estate Practice 4th Edition, by Walt Huber and Arlette Lyons
Matching Vocabulary - Chapter 1
© 2005 Educational Textbook Company

a. Independent contractor
b. Fiduciary responsibility
c. Dual agency
d. Sole proprietorship
e. Partnership
f. Sphere of influence
g. Commingling
h. Error and omission insurance
i. Straight commission
j. Corporation
 

1. ___ list of prospects that an agent contacts on a regular basis in the hope they will become clients.
2. ___ protects agents and brokers against catastrophic lawsuits brought about the public.
3. ___ commission charged by the broker based on a percentage of the selling price.
4. ___ sells results rather than time, and physical conduct is not subject to control of another.
5. ___ a broker representing more than one party in a transaction.
6. ___ duty owed by a broker of the highest care and confidentiality to a principal.
7. ___ business owned by one individual who is solely responsible for all decisions and liability.
8. ___ association of two or more persons as co-owners of a business, who share unlimited liability.
9. ___ a legal artificial being that conducts business under its chartered name, with limited liability on the part of the owners.
10. ___ illegal mixing of client’s and broker’s funds