Real Estate Quiz

An exclusive buyer broker agreement does not include a legal description is (a)   until a legal description is provided.

• VOIDABLE
• VALID

The primary purpose of Title Insurance is to (a)   .

• protects real estate owners and len
• ensures the property is free of any

The correct statement concerning the contract is (a)  

• The contract is void because Bill w
• The contract is valid because Ted w
• The contract was not entered into a
• The contract is invalidated because

A broker practicing exclusive seller agency is prepared to offer representation to (a)   only.

• sellers
• buyers
• both sellers and buyers
• neither sellers nor buyers

In an exclusive seller agency, brokers can offer representation services to buyers (a)   .

• Always
• Never, as they only represent selle
• Only if the buyer agrees to pay a f
• Only if the seller consents

Rick is required to disclose the fee and get Kenny's consent to accept the referral fee: (a)  

• Yes, Rick must disclose the fee and
• No, Rick does not need to disclose

The contract signed by Buyer Jim and Seller Tom, with the closing date changed to 40 days, is (a)   .

• Valid
• Invalid since the signed documents

These advertisements do not violate veterans' rights or the advertising rules of the Federal Fair Housing Act because (a)  

• Yes
• No, because veterans from all prote

The salesperson could be liable to the buyer for the statement about the ramp because it was (a)  

• Yes, the statement was material mis
• No, the statement was not material

Open listing is usually a (a)   contract.

• unilateral
• bilateral
• multilateral
• non-binding