Property Management study guide With Best Definition

Property Management study guide With Best Definition Associated Licensee -Defination-licensee who is affiliated with a broker in charge or a property manager in charge branch office -Defination-A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct real estate transactions. Broker -Defination-a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation broker-in-charge (BIC) -Defination-Broker who is designed as having responsibility over all associated licensees and also has the responsibility and control over and liability for any trust accounts client -Defination-A person with who a licensee has established an agency relationship Real Estate Commission -Defination-A state board that advises and sets policies regarding real estate licensees and transaction procedures customer -Defination-Person with who a licensee has NOT established a agency relationship with Department of LLR -Defination-Department of labor licensing and regulations Licensee -Defination-Individual currently under this chapter office -Defination-The principal office location where a BIC or PMIC is licensed to conduct real estate business Property Manager -Defination-A person or company hired to maintain and manage property on behalf of the property owner