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Flashcards in Land Description & Listings - Need To Know Deck (4)
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1

What method of property description uses points and degrees?

Metes and Bounds

2

What method of property description would be most accurate to determine boundary lines?

Metes and Bounds

3

What is the difference between exclusive agency and exclusive right to sell?

Exclusive agency allows the seller to sell without paying a commission.

4

How could a listing agreement be terminated?

1. Mutual consent of both parties
2. Death of the agent
3.Anticipatory Reputation - is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract.