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Protection against damage or loss.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - correct answer B
A person who receives limited brokerage services without establishing an agency relationship.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - correct answer D
Based on trust.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - correct answer A
Also known as the principal.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
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e. Client - correct answer E
A relationship between two parties.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - correct answer C
Refusing to tell a buyer how long a property has been on the market.
a. Customer Level
b. Client Level
c. Both - correct answer A
Helping the buyer formulate a negotiating strategy.
a. Customer Level
b. Client Level
c. Both - correct answer B
Disclosing material facts about a seller's property.
a. Customer Level
b. Client Level
c. Both - correct answer C
Refusing to provide a negotiating strategy to a seller.
a. Customer Level
b. Client Level
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c. Both - correct answer B
Providing public information related to the property, such as square footage, taxes.
a. Customer Level
b. Client Level
c. Both - correct answer C
Telling a buyer that a seller's property is overpriced.
a. Customer Level
b. Client Level
c. Both - correct answer B
Disclosing to a buyer that the current use of a property is in violation of deed restrictions.
a. Customer Level
b. Client Level
c. Both - correct answer C
Presenting a comparative market analysis to a buyer, showing the property is overpriced.
a. Customer Level
b. Client Level
c. Both - correct answer B
Telling the seller that the buyer can offer more money for his property.
a. Customer Level
b. Client Level
c. Both - correct answer A
Leading a buyer to believe that you are working int he buyer's best interest.
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a. Customer Level
b. Client Level
c. Both - correct answer B
Calling attention to negative features such as an inefficient floor plan.
a. Customer Level
b. Client Level
c. Both - correct answer B
Placing "Property Wanted" ads to find an appropriate property for a buyer.
a. Customer Level
b. Client Level
c. Both - correct answer B
Telling a seller's agent that an offer from your buyer is just a beginning point.
a. Customer Level
b. Client Level
c. Both - correct answer A
An agency relationship exists when one person, the ___________ acts for, or on the behalf of
another person, the _______________.
a. Client, agent
b. Agent, principal
c. Principal, agent
d. Broker, customer - correct answer B
The principal must always remain loyal to the customer.