Minnie and Maximum Realty Inc Have Entered into a Real

question 45

Multiple Choice

Minnie and Maximum Realty Inc have entered into a real estate agency agreement.In this situation,it is almost certain that

• A)Minnie is legally known as the agent.
• B)Minnie is legally known as the beneficiary.
• C)the company has complete authority to purchase or sell a house on behalf of Minnie.
• D)the company owes a fiduciary duty to Minnie.
• E)Minnie owes a duty of care to the company.

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Definitions:

Order or Estate

Historical classifications of society, especially in pre-modern Europe, divided into broad groups such as the clergy, the nobility, and common people.

Birth

The process of being born, marking the beginning of a new life outside the mother's womb.

Land Ownership

The legal or rightful possession of land, which includes the right to use, rent, sell, or bequeath it.

Enclosure

The process of converting shared or communal lands into individually owned property, often associated with agricultural changes in Britain.