A real estate agent is obligated to communicate any offer to the principal:
Correct Answer
A) unless the offer is patently frivolous or the agent is acting on written instructions of their seller.
Agents must present all offers to the principal promptly, regardless of amount or terms.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Question
Background Knowledge for Agency
Real World Application in Agency
Related Topics & Key Terms
Related Topics:
Key Terms:
More Agency Questions
Which duty requires an agent to keep the principal informed of all material facts?
Under agency law in Nevada, dual agency is:
Under agency law in Hawaii dual agency is:
All correctly describe listing brokers and property managers except:
A New York dual agent must have:
- → Vermont requires agency disclosure:
- → Vermont real estate licensees are regulated by the:
- → Under California law, dual agency is:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → Under agency law in NH, disclosed dual agency is:
- → If a 16-year-old emancipated minor wishes to sell real property, their broker may:
- → All of the following actions create an agency relationship, except:
- → An agency relationship in real estate is terminated in multiple ways. All of the following are likely to be the cause of termination of an agency relationship, except:
- → Real estate brokers are required to have written employment contracts with:
- → A licensed real estate salesperson is primarily responsible to:
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Previous Question
A prospective buyer gave their broker a personal check for $1,000 payable to the seller along with an offer to buy the property. The buyer told the broker the check was not to be cashed until the end of the month. Which of the following is correct?
Next Question
A real estate broker is subject to disciplinary action from the Department of Real Estate (DRE) if they: