TESTED QUESTIONS WITH FULL SOLUTION
GRADED A+
●● attorney representation.
Answer: a situation in which a real estate attorney can represent the
buyer in the purchase of a home (this option is only available in certain
states)
●● broker compensation.
Answer: the percentage fee or commission (or, in rare instances, flat fee)
that is paid for an agent's representation and services provided during
real estate transactions; a.k.a. brokerage fee
●● buyer representation agreement.
Answer: a document that outlines the duties and implications of the
broker-buyer agency relationship
●● disclosure.
Answer: statements of facts associated with real estate transactions that
by law must be shared
●● dual agency.