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BEBS Test 1 Questions and Answers Grade A+
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BEBS Test 1 Questions and Answers Grade A+
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1|Page | © copyright 2024/2025 | Grade A+BEBS Test 1 Questions and Answers
Grade A+
Vicarious liability
✓ If a lawsuit is brought against one of the broker's licensees because of
misconduct, the broker will be held liable for not supervising and may
also be held liable for the misconduct.
Independent contractor vs. employee
✓ Independent contractors and employees are taxed differently, and
different tax rules apply. Independent contractors set their own hours,
pay their own expenses, and are compensated according to their
results and not time spent.
Procuring cause
✓ The initiator in a chain of events that leads to a real estate sale
Referral fee/finder fee
✓ A fee someone who received a client or customer pays to the person
who referred the client or customer
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
Law of agency
✓ Rules governing the relationship between the real estate professional
and the person being represented
Common law
✓ Law established by court outcome or tradition rather than statute
Conditions for common law agency (one- to four-family properties)
✓ The agency agreement must be in writing, and it must be the subject
brokerage's policy to only practice single agency
Statutory (law)
✓ Prescribed by statute, or law; Statutory agency is outlined in actual
statutes, as opposed to traditions or court decisions
General agent vs. special agent
✓ A general agent is authorized to act for the principal/client in a range
of matters. A special agent's scope of authority is limited to a specific
area (such as a real estate transaction).
Single agency
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ A licensee/brokerage firm acts in a fiduciary capacity for either the
buyer/tenant or the seller/landlord in a real estate transaction, but not
for both
Dual agency
✓ A licensee represents both parties in a real estate transaction
Actions that automatically turn customers into clients
✓ At the first scheduled appointment, when the licensee shows them a
house, when they make an offer, or when the licensee performs work
for them
Consumer Information Statement
✓ Delaware form required to be given to consumers for one- to four-
family residential transactions; The form explains agency, customer vs.
client, and agent responsibilities
Accountability and confidentiality
✓ Duties that survive agency termination
Fiduciary duties (OLD CAR) in common law agency
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ Obedience, loyalty, disclosure, confidentiality, accountability, and
reasonable skill and care
"Mrs. Murphy" exemption
✓ Allows homeowners to discriminate when they live in part of their home
and rent out another part
Delaware State Human Relations Commission
✓ Enforces the state's anti-discrimination laws
Disparate impact
✓ A seemingly neutral law or regulation ends up being discriminatory
because it affects one group more than another
Tester
✓ An undercover investigator looking into a fair housing situation
Steering
Master01 | October, 2024/2025 | Latest update
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