A real estate agency exists between - Answer-the broker and principal
A fiduciary relationship is best described as - Answer-loyalty and confidentiality
A real estate salesperson is a(n) - Answer-agent by virtue of his or her association with a broker
True or False: The use of cooperating ...
Real Estate Agency Exam Questions and
Answers
A real estate agency exists between - Answer-the broker and principal
A fiduciary relationship is best described as - Answer-loyalty and confidentiality
A real estate salesperson is a(n) - Answer-agent by virtue of his or her association with
a broker
True or False: The use of cooperating agents is illegal under California law - Answer-
False
A real estate agency cannot be created by - Answer-doctrine of realty determination
methods of terminating a real estate agency - Answer-mutual consent, completion of
agency, expiration of time.
A home seller must inform his or her real estate agent when
the seller is aware of - Answer-termite infestation discovered earlier, a leaky roof, an
inoperative fireplace
A salesperson collects his or her commission directly from - Answer-the broker
A seller's real estate agent owes the buyer - Answer-a disclosure of known defects
The real estate commissioner - Answer-administers the real estate law, issues
regulations that have the force of law, heads the Department of Real Estate.
If a real estate salesperson decides to work for a new broker, the existing listings
obtained by the salesperson belong to whom? - Answer-The former broker
Unless instructed to hold the check uncashed, a buyers deposit must be placed with the
appropriated party or account withing how many business days? - Answer-Three
Ms. L showed a property to Mr. & Mrs. C without having an agency agreement with the
owner. Later the owner accepted the offer to purchase, which was submitted by Ms. L
on behalf of Mr. & Mrs. C. The owner consented to Ms. L's unauthorized act. Under
these circumstances, an agency could be created by - Answer-ratification
The maximum amount per individual claim against the
Department of Real Estate Recovery Fund is - Answer-$20,000
A real estate broker who has been appointed in writing to be a
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