1. What is an agent?

2. Are agency relationships required to be in writing? Why or why not?

3. List and explain the four duties that agent owes to a principal.

4. What is a fiduciary?

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5. What is "self-dealing?"

6. List and explain the three duties that agents owe to third parties.

7. What is fraud in the legal context?

8. What duties does a principal owe to an agent?

9. What is the difference between an agent and an independent contractor?

10. In a typical real estate transaction, who is the principal, who is the agent and who is the third party?