Principle L 8

Principle L 8 - CHAPTER 8 QUIZ 1. In a typical real estate...

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CHAPTER 8 QUIZ 1. In a typical real estate transaction, there is an agency relationship between: A. the seller (principal) and the listing broker (agent) 2. In order to alleviate confusion among buyers and sellers regarding agency representation issues, many states, including California, enacted laws that: A. require agents to disclose which party or parties they are representing in a transaction 3. When a salesperson works as an independent contractor, it means: A. the salesperson has his own office and deals directly with buyers and sellers B. the salesperson has an associate broker's license C. the salesperson is not accountable to his broker D. None of the above D 4. A special agent is authorized to: B. conduct a specific transaction 5. The most common method of creating a seller agency relationship is: B. a written listing agreement 6. Broker Quincy is representing Rebecca in the sale of her house, which is listed for $500,000. Rebecca wants a quick sale, and she tells Quincy that she'd probably be willing
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Principle L 8 - CHAPTER 8 QUIZ 1. In a typical real estate...

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