Question 25 of 100 Score: 1 (of possible1 Which of the following elements is not necessary for the creation of an agency relationship? point) A.A fiduciary relationshipB.Mutual agreement between principal and agentC.Payment of considerationD.A competent principalAnswer Key: C Feedback
Explanation: Consideration is not necessary to the formation of an agency relationship; an agency may be gratuitous. Whether or not the agent is beingpaid, though, the relationship is always a fiduciary relationship. Part 2 of 4 Chapters 4 , 5 , 6 Score: 8 (of possible 24 points) Question 26 of 100 Score: 1 (of possible1 What adjustments are made by agents performing competitive market analyses? point) Question 27 of 100 Score: 1 (of possible1 Servicing a listing typically involves all of the following except point)
Question 28 of 100 Score: 0 (of possible1 All of the following are typical tasks of a real estate assistant, except point)
Question 29 of 100 Score: 0 (of possible1 Broker Ray is closely acquainted with the Subdivision Heights neighborhood of his town. Over the year, Ray has made it a practice to contact homeowners in person and also to send them quarterly mailings. This method of finding listings is known as: point) A. cullingB.knock and dropC.groomingD. farmingAnswer Key: DFeedbackExplanation: In farming, an agent chooses a neighborhood and focuses on building a reputation within that area.
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- Fall '17
- Janet Truscott