joseph's Quiz

What type of agency is created when both seller and buyer want their own exclusive representation in a real estate transaction?

• Dual Agency

• Designated Agency

• Transactional Brokerage

• I Dont Know

What Agent is only allowed to provide customer level services

• Dual Agent

• Buyer Agent

• Transactional Broker

• Designated Agency

What type of liability states: Anything you as the subagent knows, Your Agent (BIC) should also know

• Vicarious Liability

• Several Liability

• Joint Liability

• All of the above

What type of agent is an agent of an agent considered to be

• Special Agent

• General Agent

• Universal Agent

• Transactional Broker

Which of the following is not a fiduciary duty the agent owes a client

• Accounting

• Loyalty

• Competency

• Obedience

What Does a customer owe an agent

• Nothing

• Honesty

• Disclosure

• Fairness

Who must we as agents disclose property defects to

• Everyone

• Only clients

• Only Customers

• Both Client and Customer

What two fiduciary duties never expire

• Obedience and Accounting

• Confidentiality and Accounting

• Composure and Accounting

• Accountability and Loyalty

A home owner has listed his property for sale with an agent. The owner was able to sale the home without paying any type of commission, what type of Listing agreement did the home owner possibly have?

• Open Listing

• Exclusive Right to Sell Listing Agreement

• Exclusive Agency Listing

• Both A and C

Which of the following is NOT an exemption regarding when you must give out the Brokerage Relationship Disclosure?

• regarding the rental of a property

• solicitiantion of buisness

• the seller is the builder

• for sale by auction