Score 1 of possible 1 point which of the following

Question 25 of 100 Score: 1
(of possible
1
Which of the following elements is not necessary for the creation of an agency relationship?
point)
A. A fiduciary relationship
B. Mutual agreement between principal
and agent
C. Payment of consideration
D. A competent principal
Answer Key: C
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Explanation: Consideration is not necessary to the formation of an agency
relationship; an agency may be gratuitous. Whether or not the agent is being
paid, 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 possible
1
What adjustments are made by agents performing competitive market analyses?
point)
Question 27 of 100 Score: 1
(of possible
1
Servicing a listing typically involves all of the following except
point)

Question 28 of 100 Score: 0
(of possible
1
All of the following are typical tasks of a real estate assistant, except
point)

Question 29 of 100 Score: 0
(of possible
1
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. culling
B.
knock and drop
C. grooming
D. farming
Answer Key: D
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Explanation: In farming, an agent chooses a neighborhood and focuses on
building a reputation within that area.