Laws of Agency

In Texas, a broker's fiduciary duties to a client include all of the following EXCEPT:

A licensed real estate salesperson is primarily responsible to:

Vermont continuing education requirements are:

Alabama requires how many hours of pre-license education for salespersons?

What are the three types of agency recognized in Arkansas?

Real estate brokers are required to have written employment contracts with:

Vermont real estate licensees are regulated by the:

A broker in Pennsylvania must maintain escrow records for at least:

Indiana requires how many hours of pre-license education for salespersons?

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:

In Tennessee, the term 'affiliate broker' refers to:

North Dakota requires agency disclosure:

All of the following actions create an agency relationship, except:

Vermont requires agency disclosure:

Under agency law in Hawaii dual agency is:

Under agency law in Connecticut dual agency is:

Dual agency in Iowa requires:

Which type of agency relationship is NOT recognized in Illinois?

Minnesota continuing education requirements include:

The Illinois Real Estate License Act requires licensees to provide agency disclosure:

Dual agency occurs when:

An agent who exceeds the authority granted by the principal:

If a seller refuses to pay an earned commission to a broker, the broker may:

Two brokers secretly agree to charge identical commissions and divide service territories. These practices violate:

The seller states they will accept the buyer’s offer if the broker lowers their 6% commission by 25%. If the broker accepts, they will receive:

■What amount is remaining after all commissions, sales, and referral fees are paid out? The answer is company dollar. ■If a broker wanted to avoid the possible loss of personal assets from a law- suit against the brokerage firm as well as double taxation, the BEST form of business structure would be a

A disclosure which warns a buyer they may be liable for additional tax obligations after the close of escrow is the:

Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?

What are the three steps of the agency disclosure in proper chronological order?

A broker who fails to promptly disclose their dual agency status is subject to:

When a dual agency is established in a targeted sales transaction, the broker and their agents may not pass on any information from one party to the other relating to:

A broker provides services to both a buyer and a seller in a transaction without disclosing their dual agency status. This is an example of:

A broker’s fiduciary obligation to protect a seller’s confidential information continues:

Which duty requires an agent to keep the principal informed of all material facts?

A fiduciary relationship exists between:

A listing agreement creates an agency relationship between:

All correctly describe listing brokers and property managers except:

Listing broker gave negotiation advice to prospective buyer at open house without discussing agency. What agency type formed?

On which type of listing contract is a broker required to state the amount of their commission is negotiable and not fixed by law?

Brokerage fee provisions which may be included in a seller’s exclusive right to sell listing agreement include:

A listing broker sells an office building to a syndicate of which the broker is a member without informing the seller of this interest. Before closing, the seller discovers the broker’s interest and refuses to sell. What would happen in a civil suit to collect a commission?

When showing a listed property to potential buyers, the listing broker is required to disclose:

A broker receives a full price offer on a house they are listing. Before they present the offer to the seller, another broker brings in an all cash offer for $5,000 less. The listing broker is to:

A listing contract contains a clause stating that the seller agrees to pay a commission in exchange for the broker’s agreement to use diligence in procuring a buyer. This clause:

Broker Chuck listed a duplex for sale from a corporate owner. After entering into the listing, the officers of the corporation die in a plane crash. What happens to the listing?

When taking a listing, it is appropriate for the broker to: