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Flashcards - Principles of Practicing Real Estate

Flashcards - Principles of Practicing Real Estate
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general partnership
In most countries, a general partnership is an association of persons or an unincorporated company with the following major features: * Created by agreement, proof of existence and estoppel
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Fraud
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right
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Fraud
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right
general partnership
In most countries, a general partnership is an association of persons or an unincorporated company with the following major features: * Created by agreement, proof of existence and estoppel
licensed broker
A real estate broker, real estate agent or realtor is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy
limited partnership
A limited partnership is a form of partnership similar to a general partnership, except that where a general partnership must have at least two general partners , a limited partnership must have at least one GP and at least one limited partner
sole proprietorship
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business

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