Examlex
The children in Gavin's class are asked to name the children they like the most and the children they like the least. Many of Gavin's classmates list him as one of the children they like the least, and few list him as one of the children they like the most. Gavin would be classified as
Implied-in-Fact Contract
An agreement derived from the actions or circumstances of the parties involved, rather than written or spoken words.
Real Estate Broker's Licensing Statute
A legal regulation requiring individuals or companies engaging in the brokerage of real estate transactions to obtain a license.
Commission Agreed Upon
The agreed percentage or rate of compensation for services rendered, especially in brokerage or sales transactions.
Regulatory
Relates to the imposition of rules, laws, and guidelines developed by governmental or regulatory bodies to control activities within specific sectors.
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