AgencyHARD
All of the following are legal activities for a broker under agency law, except:
Correct Answer
C) Selling their own property without disclosing their license status.
A broker can operate independently and supervise salespersons.
Answer Options
A
Accepting commissions from both the buyer and the seller.B
Acting as an escrow.C
Selling their own property without disclosing their license status.D
Depositing additional personal funds into a client’s trust account.Video Explanation3 min
Audio Lesson3 min
Study Infographics
Why This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Agency Question
Sign up free to unlock full analysis
Background Knowledge for Agency
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Agency
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
agency-disclosure-requirementsdual-agency-practicesfiduciary-duties-of-real-estate-agents
Key Terms:
license disclosureB&P Code 10177broker selling own propertyagency disclosurecommingling
Was this explanation helpful?
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