The term fiduciary refers to the:
a. sale of real property
b. person who gives someone else the legal power to act on his or her behalf
c. person who has legal power to act on behalf of another
Ans: c. person who has legal power to act on behalf of another
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Sally is a licensed real estate broker in a state that has a mutual recognition agreement with Florida.sally wishes to obtain a Florida real estate license.her choice include all the following except:
A. Taking a 40 question law exam and be issued a Florida broker license by mutual recognition if she is not a Florida resident B. Taking the broker course and state exam if she is a Florida resident C. Taking the sales associate course and state exam if she wishes to become a Florida real estate sales associate D. Receive a Florida license by reciprocity if she is not a Florida resident
A corporate name cannot contain the word University if it is not authorized to conduct the business of granting undergraduate and graduate degrees
Indicate whether the statement is true or false