Law Of Agency Review Questions And
Answers 100% Correct!!!
What's the duty that says you have to follow all of the lawful instructions
(fudiciary duty) - ANSWER✔✔ obiedience
Hired for property management - ANSWER✔✔ General agency
Brokerage firm sent out a memo "tomorrow we have a mandatory meeting and i
expect everyone to be there" what could the irs say about the memo? -
ANSWER✔✔ violating independednt contract (treating like an employee)
When we get written evidence that agency realationship we want the agent to get
authority through what kind of agreement? - ANSWER✔✔ written or expressed
If I get a listing on main street and I show the propery to a buyer customer he
discloses that he represents the seller on this property. While showing the property
I the listing agent noticed a problem with the roof that I didn't see when listing the
property. Ethically, what should I do? - ANSWER✔✔ Disclose it
Under a listing agreeement am I aloud to say "I gaurantee you, you'll make money"
- ANSWER✔✔ false
What means the principle will protect you the agent from suffering a loss due to
you relying on the info you got from the principle? - ANSWER✔✔ idemnification
on an listing agreement you have a starting date. what about the ending date? -
ANSWER✔✔ must be definite
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