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Real Estate Post Licensing 301 Questions and Verified Correct Answers Pack| Grade A+
Real Estate Post Licensing 301 Questions and Verified Correct Answers Pack| Grade A+
[Show more]Real Estate Post Licensing 301 Questions and Verified Correct Answers Pack| Grade A+
[Show more]What are the basic duties that an agent owes a principal under Agency Law? 
Ans: OLDCAR or LOADS - 
loyalty/confidentiality, obedience, accounting, disclosure, skill, care and diligence. 
What is the definition of a fiduciary relationship? 
Ans: A person who acts for another in a relationship of tru...
Preview 4 out of 36 pages
Add to cartWhat are the basic duties that an agent owes a principal under Agency Law? 
Ans: OLDCAR or LOADS - 
loyalty/confidentiality, obedience, accounting, disclosure, skill, care and diligence. 
What is the definition of a fiduciary relationship? 
Ans: A person who acts for another in a relationship of tru...
The definition of "material fact" includes all of the following EXCEPT: 
Ans: Information about what a buyer-client is willing to offer 
Minimally, how many parties are there in an agency relationship and what are they called 
under agency law? 
Ans: There must be at least two parties, one is the...
Preview 2 out of 8 pages
Add to cartThe definition of "material fact" includes all of the following EXCEPT: 
Ans: Information about what a buyer-client is willing to offer 
Minimally, how many parties are there in an agency relationship and what are they called 
under agency law? 
Ans: There must be at least two parties, one is the...
The definition of "material fact" includes all of the following EXCEPT: 
Ans: Information about what a buyer-client is willing to offer 
Minimally, how many parties are there in an agency relationship and what are they called 
under agency law? 
Ans: There must be at least two parties, one is the...
Preview 2 out of 7 pages
Add to cartThe definition of "material fact" includes all of the following EXCEPT: 
Ans: Information about what a buyer-client is willing to offer 
Minimally, how many parties are there in an agency relationship and what are they called 
under agency law? 
Ans: There must be at least two parties, one is the...
Alabama's consumer information booklet can replace the Real Estate Brokerage Services 
Disclosure form in which situations? 
Ans: It can never be used to replace the disclosure form. 
You're working with Angela, your buyer customer. Since there's no agency relationship in 
place, it's importan...
Preview 4 out of 55 pages
Add to cartAlabama's consumer information booklet can replace the Real Estate Brokerage Services 
Disclosure form in which situations? 
Ans: It can never be used to replace the disclosure form. 
You're working with Angela, your buyer customer. Since there's no agency relationship in 
place, it's importan...
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