Agency
Agency Practice Question
When the administrator of an estate sells a parcel:
A
it needs to be sold at public auction.B
it can only be sold “as is.”C
court approval is required.D
the sale cannot legally involve a real estate broker.Explanation
Estate administrators typically need court confirmation for real property sales.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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