Shared Flashcard Set

Details

Commission Rules and Regulations - Chap 2
Essential of New Jersey Real Estate, 12th Edition
10
Real Estate & Planning
Not Applicable
09/23/2016

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Branch office

 

 

Definition
broker’s additional place of business

 

 

Term
Commingling

 

 

Definition
mixing broker’s money with that of others

 

 

Term
Duplicate original

 

 

Definition
copy of a real estate contract with original signatures

 

 

Term
Escrow account

 

 

Definition
place for money belonging to clients and customers

 

 

Term
Guilty knowledge

 

 

Definition
awareness of wrongdoing with no attempt to stop it

 

 

Term
Probation

 

 

Definition
least severe discipline by the Real Estate Commission

 

 

Term
Revocation

 

 

Definition
cancellation of a real estate license

 

 

Term
Suspension

 

 

Definition
temporary lifting of a real estate license

 

 

Term
Trust account

 

 

Definition
another name for escrow account

 

 

Term
Waiver of Broker Cooperation

 

 

Definition
form sellers must sign for an office-exclusive listing

 

 

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