1 out of 1 points
A broker showed one of his own listings to a buyer he was representing. The buyer
decided to make an offer on the property, which was accepted. At no point did the broker
disclose his dual agency status. The broker may be:
Selected Answer: d.
All of the above
Answers: a.
forced to give up any payment received from the buyer and/or seller
b.
sued by the seller
c.
subject to disciplinary action by the Real Estate Commissioner
d.
All of the above
Question 2
1 out of 1 points
A broker, in dealing with the public, may not:
Selected d.
Answer:
remain silent concerning material facts about a property that are known
only to the broker
Answers: a.
, delegate responsibilities to other persons
b.
receive a commission from both buyer and seller
c.
refuse to take a listing
d.
remain silent concerning material facts about a property that are known
only to the broker
Question 3
1 out of 1 points
A buyer makes and signs a written offer. The seller writes in one small change to the offer
and signs it. This document is known as:
Selected Answer: d.
a counteroffer
Answers: a.
an addendum
b.
an amendment
c.
a modification
d.
, a counteroffer
Question 4
1 out of 1 points
A buyer submitted an offer with a deposit on a property on June 1. The offer included the
condition that it must be accepted within 48 hours. The sellers were out of town,
however, and could not be contacted until June 6. At that point, the sellers eagerly signed
and returned the purchase agreement; but now the buyer says he does not want the
property any longer and is demanding the return of his deposit. A court would rule that:
Selected Answer: a.
the deposit should be returned to the buyer
Answers: a.
the deposit should be returned to the buyer
b.
the sellers may keep the deposit
c.
the sellers' broker is entitled to his full commission
d.
the sellers' acceptance acts as a counteroffer
Question 5
1 out of 1 points
A dual agency requires the agent to:
, Selected d.
Answer:
All of the above
Answers: a.
obtain the written consent of both parties
b.
fulfill fiduciary duties to both parties, including the duty of
confidentiality
c.
treat both parties impartially
d.
All of the above
Question 6
1 out of 1 points
A homeowner preparing his home for sale should do all of the following, except:
Selected Answer: d.
repaint interior walls in a bright primary color
Answers: a.
fix any broken fences and railings
b.
replace worn carpeting
c.
A broker showed one of his own listings to a buyer he was representing. The buyer
decided to make an offer on the property, which was accepted. At no point did the broker
disclose his dual agency status. The broker may be:
Selected Answer: d.
All of the above
Answers: a.
forced to give up any payment received from the buyer and/or seller
b.
sued by the seller
c.
subject to disciplinary action by the Real Estate Commissioner
d.
All of the above
Question 2
1 out of 1 points
A broker, in dealing with the public, may not:
Selected d.
Answer:
remain silent concerning material facts about a property that are known
only to the broker
Answers: a.
, delegate responsibilities to other persons
b.
receive a commission from both buyer and seller
c.
refuse to take a listing
d.
remain silent concerning material facts about a property that are known
only to the broker
Question 3
1 out of 1 points
A buyer makes and signs a written offer. The seller writes in one small change to the offer
and signs it. This document is known as:
Selected Answer: d.
a counteroffer
Answers: a.
an addendum
b.
an amendment
c.
a modification
d.
, a counteroffer
Question 4
1 out of 1 points
A buyer submitted an offer with a deposit on a property on June 1. The offer included the
condition that it must be accepted within 48 hours. The sellers were out of town,
however, and could not be contacted until June 6. At that point, the sellers eagerly signed
and returned the purchase agreement; but now the buyer says he does not want the
property any longer and is demanding the return of his deposit. A court would rule that:
Selected Answer: a.
the deposit should be returned to the buyer
Answers: a.
the deposit should be returned to the buyer
b.
the sellers may keep the deposit
c.
the sellers' broker is entitled to his full commission
d.
the sellers' acceptance acts as a counteroffer
Question 5
1 out of 1 points
A dual agency requires the agent to:
, Selected d.
Answer:
All of the above
Answers: a.
obtain the written consent of both parties
b.
fulfill fiduciary duties to both parties, including the duty of
confidentiality
c.
treat both parties impartially
d.
All of the above
Question 6
1 out of 1 points
A homeowner preparing his home for sale should do all of the following, except:
Selected Answer: d.
repaint interior walls in a bright primary color
Answers: a.
fix any broken fences and railings
b.
replace worn carpeting
c.
