Chapter 6 quiz

California recognizes two types of agency authority

• Express and Secret

• Actual and Ostensible

• Practical and Impracticable

• None of the above

Seller Juarez hires Broker Williams to sell her property. The authority Broker Williams has to show the property to buyers, transmit offers, and place a "For Sale" sign on the property is an example of?

• Implied Authority

• Actual Authority

• An Express Agreement

• None of these

Which of the following is NOT a reason an agency relationship will automatically terminate by operation of law?

• Experation of the Agency Agreement

• Death of the Principal

• The Seller lists the property with another Agent before the Agency Agreement expires

• Destruction of the property

Agent Zeller paid Seller Alberti $5,000 for the right to be an Exclusive Agent on Alberti's ocean front property for the period of one year. Seller Alberti will not be able to revoke the Agency relationship because Agent Zeller has a/an?

• Contract

• Agency Coupled with an Interest

• Right to Recind

• Option

When the Principal is held liable for a Tort commited by their Agent, it's called?

• Contractual Liability

• Imputed Liability

• Vicarious Liability

• None of these

An essential element in the creation of an Agency Relationship is?

• Renunciation by the Principal

• Payment of Adequate Consideration

• The Intention to Create One

• A Noterized Agreement

An Agency is generally allowed to?

• Use Implied Authority to carry out the Purpose of the Agency

• Excced the Scope of their Agency

• Define the Scope of their Agency

• All of the above

When one Broker cooperates with or deligates authority to another Broker, the legal relationship between Principal, Broker, and Cooperating Broker is determined by?

• The Listing Agreement

• Statute

• Whether the Principal had authorized the Delegation of Authority

• Whether the Principal has consented to the Duel Agency in writing

A Duel Agent must have express consent in order to?

• Tell the Buyer that the Seller is willing to accept less than the listing price

• Tell the Seller that the Buyer is willing to pay more than the listing price

• Act as an Agent for both the Buyer and the Seller

• All of the above

Knowledge will be imputed between a Subagent and the Principal only when?

• There is a Listing Agreement

• The Principal has authorized the Sub-Agency

• The Sub-Agent works directly for the Listing Broker

• None of these