front 1 O. unauthorized practice of law | back 1 Misdemeanor under Business and Professions Code §6125 |
front 2 B. contra proferentem | back 2 Ambiguous terms in a contract should be interpreted against the party
|
front 3 C. electronic record | back 3 Record created, generated, sent, communicated, received, or stored by
|
front 4 D. electronic signature | back 4 Electronic sound, symbol, or process attached to or logically
associated |
front 5 F. listing agreement | back 5 Written contract by which a principal, or seller, employs a broker to
sell |
front 6 H. no deal, no commission clause | back 6 Clause expressly stating that no commissions are paid unless the
property |
front 7 L. procuring cause | back 7 Person responsible for the ultimate sale of real property so as to be
|
front 8 N. safety clause | back 8 Clause protecting listing broker’s commission, if the owner
personally sells |
front 9 E. exclusive agency listing | back 9 Listing in which the broker is entitled to a fee only if the seller
does not |
front 10 I. open listing | back 10 Listing, not exclusive to one broker |
front 11 G. net listing | back 11 Listing between a broker and a seller setting the broker’s fee above
a |
front 12 A. buyer representation agreement | back 12 Employment contract between a buyer and a broker |
front 13 M. purchase agreement | back 13 Original purchase contract between the buyer and seller |
front 14 J. option | back 14 Contract to keep an offer open for a set period of time |
front 15 K. optionee | back 15 Person who wants to purchase or lease property under an option |