California Real Estate Salesperson

An agent's fiduciary duties to a principal are often summarized by the acronym OLD CAR. The 'C' most directly stands for:

1. ACompensation
2. BConfidentialityĐúng
3. CCompliance
4. DConsideration

Vì sao: The fiduciary duties commonly memorized as OLD CAR are Obedience, Loyalty, Disclosure, Confidentiality, Accounting, and Reasonable care. A real estate agent must keep the principal's confidences even after the transaction closes. These duties flow from the agency relationship established under California law.CA Civil Code

In a California deed of trust, the party who holds bare legal title as security until the loan is repaid is the:

1. AMortgagor
2. BBeneficiary
3. CTrusteeĐúng
4. DTrustor

Vì sao: A deed of trust involves three parties: the trustor (borrower), the beneficiary (lender), and the trustee, who holds bare legal title as security. If the borrower defaults, the trustee can conduct a nonjudicial foreclosure sale. California primarily uses deeds of trust rather than mortgages.CA Civil Code