No brokerage relationship - Study guides, Class notes & Summaries
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Law of Agency – Champions Exam Questions and Answers (Graded A)
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price 
 
the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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45-HOUR POST LICENSE QUESTIONS AND ANSWERS
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Joining a team vs. being a solo agent is an important decision for a new real estate agent. Which of the following statements is false regarding joining a team vs. being a solo agent? - Answer - A. Joining a team vs. being a solo agent is a decision that is made by the Florida Real Estate Commission, (FREC). 
 
What is the status of their license if a sales associate did not complete the required 45-hour post licensing education course before the initial renewal of their license? - Answer - B....
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RECA Fundamentals Exam 2023 Questions with Verified Answers
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Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) 
 
Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature 
 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) 
 
Which of the following will occur to the supply of a good when there is a change in quantity...
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RECA Residential Exam Questions And Answers
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RECA Residential Exam Questions And Answers 
 
Fiduciary Representation - - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity - 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
 
Must disclose in writing - - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarify and p...
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Maryland Real Estate (Law) Practice Exam Questions with Certified Solutions
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Maryland Real Estate (Law) Practice 
Exam Questions with Certified Solutions 
 
When a salesperson whose license has not been renewed negotiates a sale of real property, who 
is the commission payable to? 
 
a. the broker only 
b. no one 
c. the salesperson only 
d. the broker and the salesperson according to prior agreement b. no one 
 
If a salesperson license is issued on January 2, 2016, when will it expire? 
 
a. January 2, 2016 
b. September 2, 2016 
c. April 1, 2016 
d. March 31, 2016 a. ...
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Real Estate 45 Hour Post Licensing (ALL CORRECT! 100%)
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Single Agent correct answers A broker who represents either the seller or the buyer in a real estate transaction, but not both. 
 
single agent notice correct answers A disclosure form informing the principal of the duties of his single agent. 
 
appraising correct answers The process of estimating the market value of property. 
 
principal correct answers (1) The person who enters into a fiduciary relationship with a single agent licensee. (2) The amount of money remaining due on a mortgage loa...
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ASREB Practice Exam Questions with Verified Answers
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ASREB Practice Exam Questions with 
 
Verified Answers 
 
A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? 
a. $37,570 
b. $75,141 
c. $76,230 
d. $78,712 b. $75,141 
 
A blind ad refers to an ad that 
a. provides no price 
b. provides no address 
c. gives no indication that the property is listed with a broker 
d. gives no indication that the property has been sold or not c. gives no indication that the 
property is listed with a broker 
 
A borrower is required t...
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Alabama License Law Exam Questions with Complete Solutions
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Alabama License Law Exam Questions with Complete Solutions 
In the state of Alabama, what is the difference between a customer and a client? 
A. a client pays the commission 
B. a client is a seller while a customer is a buyer 
C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer D 
Which of the following is NOT an allowed brokerage relationship in Alabama? 
A. a limited nonconsensual dual agency 
B. a single agency 
C. a sub agency...
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Alabama License Law Exam Questions with Complete Solutions
- Exam (elaborations) • 31 pages • 2024
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Alabama License Law Exam Questions with Complete Solutions 
In the state of Alabama, what is the difference between a customer and a client? 
A. a client pays the commission 
B. a client is a seller while a customer is a buyer 
C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer D 
Which of the following is NOT an allowed brokerage relationship in Alabama? 
A. a limited nonconsensual dual agency 
B. a single agency 
C. a sub agency...
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Bob Hogue - Pre Lic. Test Questions and Answers 100% Pass
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Bob Hogue - Pre Lic. Test Questions and 
 
Answers 100% Pass 
 
What is the required continuing education for a Florida real estate licensee? 
- 14 hours every two years 
- 20 hours every year 
- 30 hours every five years 
- 10 hours every year 
 
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What is a characteristic of a fiduciary relationship? 
- Casual advice 
 
- Loyalty and confidentiality 
- Limited representation 
- No obligation 
 
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2 
 
If a seller provides false information about a property’s condition, the real est...
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