Ncrel post - Study guides, Class notes & Summaries

Post Licensing Class 2 Broker Relationships and Responsibilities Exam Questions And Answers 100% Verified Dual Agency (red) - answerBecause the firmrepresents both the seller and the buyer, the firm becomes a "dual agent." -both clients with the same firm -firm acts more as a "facilitator"(tell me what to write) -Cannot give one side an advantage over the other. Beware of Undisclosed Unitentional Dual Agency (red) - answerIt is prohibited by both case law and NCREL both of which req...

NCREL Post Licensing 301 Broker Relationships and Responsibilities

NCREL POST LICENSING 301 BROKER RELATIONSHIPS AND RESPONSIBILITIES EXAM WITH LATEST QUESTIONS AND 100% CORRECT ANSWERS ALREADY GRADED A+ A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - ANSBefore buyer and agent discuss motivation or financial information. What fiduciary duties are owed to principals? - ANS-Obey, Loyalty, Disclosure, Confidentiality, Accounting, & Reasonable care (OLD CAR) As a dual agent, my fiduciary respon...

Post Licensing Class 2 Broker Relationships and Responsibilities Exam Questions And Answers 100% Verified Dual Agency (red) - answerBecause the firmrepresents both the seller and the buyer, the firm becomes a "dual agent." -both clients with the same firm -firm acts more as a "facilitator"(tell me what to write) -Cannot give one side an advantage over the other. Beware of Undisclosed Unitentional Dual Agency (red) - answerIt is prohibited by both case law and NCREL both of which req...