at 779. Id. Foodco requires H&M to follow standardized methods of operation, deal exclusively with the franchisor for supplies, and pay a stated percentage of sales for the franchise license. *Green entered into an oral agency agreement to purchase real estate on behalf of Smith*. allows an agent to act on his or her behalf. Apparent A borrower will pledge securities to a lender and authorize the lender to sell the securities and apply the proceeds to the loan in the event of default. a. withhold income tax from all commissions they earn.b. 497 (1895). He hired an Tel & Tel. The term principal is synonymous with the term, A real estate broker acting as the agent of the seller. Dual agency can occur within one firm if a broker shows his buyer-client his or her own listing.II. It is not dispositive that both the declarant and the defendant work for the same employer. A single agent is defined as a broker who represents, as a fiduciary, the buyer or seller but NOT both in the same transaction. Is a broker required to retain the brokerage relationship disclosure documents, and if so, for how long, if a written nonresidential transaction that utilized designated sales associates fails to close? seller changed his mind and terminated the contract. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. The statement is FALSE. The seller cannot complain about the agents actions because the offer was for the full listing price.c. chooses to be a designated dual agent.d. at 418. * Winter has assumed an obligation to *indemnify Magnum* if any of Winter's customers fail to pay. Thus, the manager's comments were within the scope of employment. Which of the following is a duty an agent owes to a principal? Find MoreCities in Utah that start with H, Post Office Suburb:AMERICAN FORK, UT, 84003-9998,