quiz 6 - Legal Aspects of Real Estate Lesson 6 Cumulative...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Legal Aspects of Real Estate Lesson 6 Cumulative Quiz 1. An agency relationship exists between a broker and a seller. In this context, the buyer is known as a/an: C. third party 2. An old listing agreement contains a clause stating that any selling agent who finds a buyer through a multiple listing service automatically becomes a subagent of the seller. This clause would be known as a/an: D. unilateral offer of subagency 3. A broker delegates authority to another broker to assist in fulfilling his agency duties. The other broker would be considered a/an: D. subagent 4. Which of the following statements is true? B. A seller agency relationship is always created in the listing agreement; a buyer agency relationship may be created through a written representation agreement 5. Which is the most common method of compensating a buyer's agent? B. Commission split 6. Which of the following statements about dual agency is false? A. The dual agent may not disclose confidential information from one party to the other B. The dual agent may reveal to the seller the maximum the buyer is willing to pay C. The dual agent must have the written consent of both partiesC....
View Full Document

Page1 / 3

quiz 6 - Legal Aspects of Real Estate Lesson 6 Cumulative...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online