ACEABLE AGENT LAW OF AGENCY EXAM WITH GUARANTEED ACCURATE ANSWERS
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Aceable agent Law of Agency
Institution
Aceable Agent Law Of Agency
Agent Clark is working with seller Jean to sell her property. Agent Clark used to go to college with Buyer agent Sally. Clark and Sally meet up for lunch one day, and Clark tells Sally his seller is willing to accept less than the listed price. What is TRUE of this situation? - Accurate AnswersClar...
ACEABLE AGENT LAW OF AGENCY
EXAM WITH GUARANTEED
ACCURATE ANSWERS
Agent Clark is working with seller Jean to sell her property. Agent Clark
used to go to college with Buyer agent Sally. Clark and Sally meet up for
lunch one day, and Clark tells Sally his seller is willing to accept less
than the listed price. What is TRUE of this situation? - Accurate
Answers✔✔Clark has violated his duty of loyalty and confidentiality to
his client.
All of the following are TRUE about the Information About Broker
Services (IABS) form EXCEPT: - Accurate Answers✔✔It needs to be
given for transactions for a lease not more than one year or when a party
is represented by another license holder.
Shelly is a license holder. She shows a listing to Emma, who is
interested in buying a home. The listing is owned by Francine, a broker.
Shelly is not affiliated with Francine, and she does not represent Emma.
Shelly is Francine's: - Accurate Answers✔✔subagent
Which of the following MUST an agent disclose to a potential buyer of a
house? - Accurate Answers✔✔the murder of a middle-aged woman
which occurred on the property
,All of the following are true about open listings EXCEPT: - Accurate
Answers✔✔The seller must inform the listing brokers when the
property goes under contract.
A key difference between an agent working as an employee and one
working as an independent contractor is: - Accurate Answers✔✔the
level of control the broker has over the agent's actions
Donald, a sales agent, tells a potential buyer that if they purchase the
house within the next week, his broker will throw in a 10% discount.
Donald knows that it's very doubtful that his broker would do this. Did
Donald commit a license violation? - Accurate Answers✔✔Yes, Donald
made a false promise likely to influence a person to enter into an
agreement, which is a license violation.
A real estate brokerage advertises that they will list property for a low
commission. Later, the seller finds out that he advertised low
commission is contingent upon the seller signing a 12-month listing and
agreeing to do all of the showings themselves. Is the brokerage guilty of
a violation? - Accurate Answers✔✔Yes, they are guilty of
misrepresentation.
All of the following are true of the relationship between buyer and agent
EXCEPT: - Accurate Answers✔✔An agency relationship between buyer
and agent is always intentional.
, Broker Stefan knows that the roof of a house is a damaged, but does not
disclose this to the buyer. What act has Stefan engaged in? - Accurate
Answers✔✔fraud
Sales Agent Aurora has a client selling his home. The potential buyer is
not working with a broker. Aurora is helping the buyer obtain financing.
Is this ethical? Why or why not? - Accurate Answers✔✔Yes, because
the seller getting financing furthers her client's best interests.
Which of the following statements is TRUE? - Accurate
Answers✔✔Brokers are responsible for everything their sponsored
agents do in regard to real estate.
An agent has violated TRELA. Who disciplines them? - Accurate
Answers✔✔TREC
Richard has decided to sell his home at 2635 Cason. His agent, Vincent,
posted 2635 Cason on the MLS and showed the home to several
prospective buyers, including Lily and Lily's agent, Margaret.
Eventually, Richard accepted Lily's offer. Vincent is best defined as a: -
Accurate Answers✔✔listing agent
Your company is listing the property you are showing. Should you make
an oral or written agreement with the buyer? - Accurate Answers✔✔You
should make a written agreement.
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