REE-4433 Study Guide - Midterm Guide: Real Estate Broker, Blue Sky Law, Community Property
3 Apr 2018
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Americans with disabilities act of 1990- a federal statute that prohibits discrimination based on disability and requires reasonable accommodation by employers and landowners. Apparent authority- authority that a person appears to have to act as an agent of a(cid:374)other if the other part(cid:455)"s a(cid:272)tio(cid:374)s led a third part(cid:455) to reaso(cid:374)a(cid:271)l(cid:455) (cid:271)elie(cid:448)e the age(cid:374)(cid:272)(cid:455) relationship existed, when it did not. Blockbusting- the attempt to promote sales in a racially transitional neighborhood by encouraging the idea that the transition is harmful. Blue sky laws- state laws that regulate the offer and sale of securities. Buyer broker- a real estate agent who acts on behalf of the buyer. Commission- payment by a seller of real estate to a real estate broker for finding a buyer. Community property- property acquired during a marriage through the efforts of either the husband or wife or both, with each having an undivided one-half interest in the property.
