| A | B |
|---|
| RESPA makes it illegal for a title insurance company to | any compensation (often referred to as "kickbacks"), for referring clients to that title company. |
| the District Attorney will prosecute | If Illegal acts occur violating real estate law |
| Misrepresentation can be | fraudulent, negligent, or innocent |
| Agency Any relationship in which one party (agent) acts for or represents another (principal) under the authority of the latter disclosure is a 3-step process: | Disclose, elect, and confirm |
| A broker may install a "For Sale" sign on the property | after obtaining permission from the owner of the property. |
| Conversion is the: | misappropriation of funds |
| commingling is: | the mixing of a broker's personal funds with funds held in escrow. |
| constructive fraud | happens when you either lie or omit important information when talking to someone who trusts you due to your fiduciary relationship —and you gain an advantage as a result. |
