Colibri Real Estate Chapter 2 Quiz Questions and Answers 2024/2025
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Course
Colibri Real Estate
Institution
Colibri Real Estate
An agency relationship may be involuntarily terminated by which of the following?
→ By destruction of the property through fire, vandalism, or natural disaster
When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who
shows the listed property automatically be...
Properties that have an undesirable reputation due to an associated unpleasant occurrence,
such as murder or gang violence, are known as
→ stigmatized properties
Since the listing agreement is a contract that established an agency relationship, which law(s)
is the relationship subject to?
→ All of the above
Most real estate listing contracts are which kind of agency?
→ Special agency
If a client refuses to disclose material defects to a buyer, what should the agent do?
→ Decline or sever the agency agreement
A licensee must provide____ of any existing agency relationships to all parties for whom he or
she provides real estate brokerage services
→ A written disclosure
In Indiana, contractual relationships are always formed at what level?
→ Managing broker
The licensee may disclose to the seller the financial status of the potential buyer customer. Is
this statement true or false and why?
→ True if the agent has knowledge of the buyer's financial status
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