Real Estate Agency Relationships Quiz

Real Estate Agency Relationships Quiz

5th Grade

100 Qs

quiz-placeholder

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Real Estate Agency Relationships Quiz

Real Estate Agency Relationships Quiz

Assessment

Quiz

English

5th Grade

Practice Problem

Medium

CCSS
6.RP.A.3C, 7.RP.A.3, RI.4.5

+11

Standards-aligned

Created by

Shaheen Supariwala

Used 1+ times

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100 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following BEST describes a universal agent?

Authorized to represent a client in one specific transaction only

Authorized to perform any act the principal could perform

Manages property on behalf of an owner

An unlicensed assistant

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a typical listing agreement, the relationship is between:

Agent and Buyer

Agent and Seller

Broker and Seller

Agent and Client

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general agent in real estate typically refers to:

An attorney

A home inspector

A salesperson working under a broker

A special agent representing a seller

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following duties is NOT part of POLAND (fiduciary duties)?

Loyalty

Accountability

Negligence

Obedience

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is TRUE regarding dual agency in Georgia?

It is always illegal

It is legal if disclosed and agreed upon in writing

It only applies to commercial transactions

It can occur without the client’s knowledge

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary difference between a client and a customer in agency relationships?

Customers pay commissions, clients do not

Clients receive fiduciary duties, customers do not

Customers sign listing agreements

Clients cannot be sued by agents

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A net listing in Georgia is:

A preferred compensation method

Permissible under certain circumstances

Illegal due to conflict of interest

Used for rental properties only

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