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Law Of Agency Final Exam Questions And Answers With Verified Solutions 100% Correct!!!
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Law Of Agency Final Exam Questions And Answers With Verified Solutions 100% Correct!!!
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Law Of Agency Final Exam QuestionsAnd Answers With Verified Solutions
100% Correct!!!
The practice of several brokers agreeing to all charge the same amount of
commission is called
a. allocation of clients
b. good business
c. boycotting
d. price-fixing - ANSWER✔✔ d. price-fixing
Information About Brokerage Services must be given to potential buyers, sellers,
tenants, and landlords at the:
a. time of first meeting
b. after the listing is taken
c. at the closing
d. first substantive dialogue about a property - ANSWER✔✔ Wrong b. after the
listing is taken
Something that affects the property or the health of the residents of the property is
called a:
a. psychological stigma
b. exception
c. physical stigma
,d. none of the above
Next question - ANSWER✔✔ c. physical stigma
To praise extravagantly is the definition of:
a. material fact
b. fraud
c. unintentional misrepresentation
d. puffing - ANSWER✔✔ d. puffing
_________is the chance of something going wrong and the danger that injury,
damage, or loss will occur.
a. material fact
b. real estate
c. risk
d. office manual
Next question - ANSWER✔✔ c. risk
The TAR Residential Buyer/Tenant Representation Agreement states that the
broker will seek payment of commission first from the seller, landlord, or their
agents. If such persons refuse or fail to pay, the broker will be paid by the:
a. Buyer customer
b. Tenant customer
c. Client
, d. none of the above - ANSWER✔✔ Wrong d. none of the above?
Commissions are paid to the salespersons and the broker associates by the:
a. other salespersons
b. other brokers
c. clients and customers
d. sponsoring broker - ANSWER✔✔ d. sponsoring broker
After the agency relationship has been established, the broker is the agent of the
______, and the sponsored salesperson is the agent of the_________.
a. buyer------tenant
b. broker------client
c. client------broker
d. none of the above - ANSWER✔✔ c. client------broker
The clients duties include:
a. compensation and cooperation
b. indemnification
c. information
d. all of the above - ANSWER✔✔ d. all of the above
All licenses are required to renew their license every_____ years and ______ hours
of ethics and _____ hours of legal is required in order to renew a license.
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