
Real Estate Quiz
Authored by Danielle Cunningham
Professional Development
8th Grade
Used 2+ times

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55 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In a single agency transaction, what are the seller's broker's duties to the buyer...?
To be fair and honest
Confidentiality
Undivided loyalty
Reasonable care
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is considered an anti-trust violation...?
Group Boycott
Divided Loyalty
Estoppel
Dual Agency
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
MLS is an acronym for what...?
Multiple Listing Service
Many Listing Service
Multiple Listing Software
Multiple Listing Source
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Even if the buyer's and seller's brokers agree to dual agency, who may reject the arrangement of dual agency in a transaction...?
Dual agency cannot be rejected if both brokers agree
The seller
The buyer's agent
The seller's agent
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
According to New York State law, an independent contractor agreement can NOT be signed under what condition...?
Lack of job prospects
Duress
Accepting the position to earn extra income
Influence by another agent
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
When a buyer's broker agrees to the cooperative arrangement of the MLS, he/she becomes what to the seller, who's property is listed on the MLS...?
Primary broker
Secondary agent
Sub-agent
Principal
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If one or both of the parties in a transaction are not aware that a dual agency relationship exists, what can occur...?
The contract can be rescinded
Nothing will occur
Both parties must walk away from the deal
The buyer's earnest money must be forfeited
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