CIC AGENCY MANAGEMENT BOARD
EVALUATION 2026 GUARANTEED PASS
ANSWERS GRADED A+
● What is dual agency? Answer: One broker/agent working for both
parties in the same transaction. The dual agent represents both the
selling and buying parties.
● What is a non-agency role or a facilitator? Answer: Assists with
transaction, but without fiduciary duties or agency affiliation. Helps
move transaction along without representing a party directly.
● What are fiduciary duties to a principal/client? Answer: Loyalty,
Obedience, Reasonable skill/care, Accounting, Disclosure, &
Accountability. These are necessary to act in the clients best financial
interest.
● What is commingling? Answer: Mixing of personal and business
funds between agent and client (illegal). {Could result in disciplinary
consequences.}
● What is conversion? Answer: Misuse or misappropriation of client's
funds for the agent's benefit (illegal). {Could result in disciplinary
conssequences.}
EVALUATION 2026 GUARANTEED PASS
ANSWERS GRADED A+
● What is dual agency? Answer: One broker/agent working for both
parties in the same transaction. The dual agent represents both the
selling and buying parties.
● What is a non-agency role or a facilitator? Answer: Assists with
transaction, but without fiduciary duties or agency affiliation. Helps
move transaction along without representing a party directly.
● What are fiduciary duties to a principal/client? Answer: Loyalty,
Obedience, Reasonable skill/care, Accounting, Disclosure, &
Accountability. These are necessary to act in the clients best financial
interest.
● What is commingling? Answer: Mixing of personal and business
funds between agent and client (illegal). {Could result in disciplinary
consequences.}
● What is conversion? Answer: Misuse or misappropriation of client's
funds for the agent's benefit (illegal). {Could result in disciplinary
conssequences.}
