Module 5 vocabulary

An ad in which only a post office box number, street address, or telephone number appears

any means by which to contact the brokerage firm or individual licensee incuding mailing address, physical street address, email address, telephone numbers or facsimile telephone numbers.

used when the broker does not claim an interest in the deposit

used when the broker does claim an interest in the deposit

a form of fraud, which is caused by the broker collecting a commission he or she was not legally entitled to collect

a form of fraud caused by the broker's making more than the agreed-upon or customary commission

employed by another to perform certain services or acts, but retains control as to the work methods and details he or she uses while performing or accomplishing services or acts for the employer

to take copies of listings, records, or other confidential information of the broker

to take original listings, records, or other confidential information

(also called sole or individual ownership) an individual just goes into business

are created under Florida law

are created under laws of another state or country

exists when someone is deceived into believing that a partnership exists when it actually does not exist.

consists of one or more general partners and one or more limited partners

limited liability company or limited company

Limited Liability Partnership

temporary business relationships formed when 2 or more adult parties combine their efforts to complete a single business transation or a predetermined definite number of transactions

Real Estate Investment Trust

Mortgage Investment Trust

consists of a bishop or other appropriate clerical personage designated to hold title to church property

person holding title to the corporte sole property

any name used by a person to transact business in Florida other than the person's legal name and must be registered witht eh Division of Corporations of the Department of State