Brokerage Exam I Keyword List

1.              commission

2.              agency relationship requirements

3.              agent's duties to the principal

4.              broker employment contracts

5.              broker's escrow account

6.              broker's office

7.              broker's place of business

8.              broker's responsibility for subagents

9.              brokerage market

10.         brokerage process

11.         cause for suspension or revocation

12.         competent parties

13.         consideration

14.         contract with a minor

15.         cooperated brokerage sale

16.         deliberate misstatements

17.         display of a "for rent" or "for sale" sign

18.         doctrine of caveat emptor

19.         duty of loyalty

20.         duty of reasonable care

21.         escrow account

22.         escrow account disbursements

23.         exempt from the provisions of the Pennsylvania license law

24.         Fair housing law

25.         fraud

26.         functions of state real estate commission

27.         general agency.

28.         his or her good character

29.         hours of real estate courses

30.         importance of law to the broker

31.         law of agency

32.         law of equity

33.         law of torts

34.         leave the employment of one broker

35.         license law advertising requirements

36.         license suspended or revoked

37.         limited broker's license

38.         Listing property

39.         Marketing listed property

40.         Misrepresentation

41.         money market

42.         Multiple listing

43.         mutual agreement

44.         nonresident broker

45.         obedience

46.         payment of a commission

47.         payment of commissions

48.         performance

49.         place an advertisement

50.         place of business

51.         prominently display

52.         protected classes

53.         real estate market

54.         real estate salesman

55.         recovery fund

56.         requirements for broker's license

57.         requirements for licensure

58.         services requiring real estate license

59.         Settlement of brokered transactions

60.         special agency.

61.         specific performance

62.         statute of frauds

63.         Statute of Frauds

64.         steering

65.         submission of offers

66.         universal agency.

67.         unlicensed

68.         violation of antitrust laws

work requiring a license