Responsibilities 2025/2026 Exam All
Answers and Illustrations Given
Material
fact - 🧠 ANSWER ✔✔About the property
Related to the property
Principal able to complete the transaction
Special importance
Disclosing material facts about a seller's property - 🧠 ANSWER ✔✔To client
or customer
Even if it hurts your customer
Regardless of how pubic the material fact is
Listing agent has highest responsibility
Buyer agent is responsible to disclose if known
Answer questions to avoid misrepresentation
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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, Willful - 🧠 ANSWER ✔✔intentional
Negligent - 🧠 ANSWER ✔✔Unintentional--failure to exercise reasonable
care
Omission - 🧠 ANSWER ✔✔Failure to disclose
Misrepresentation - 🧠 ANSWER ✔✔Communication of false info--lie
Dual Agency - 🧠 ANSWER ✔✔Disclosed and consensual
Not between two firms
Not automatic
Designated Agency - 🧠 ANSWER ✔✔Disclose names to client
No later than presentation of offer
Easier to practice in larger firms
"Dual Designated" agents
BIC or other authorized person may appoint
Documents/Info gathered by Seller - 🧠 ANSWER ✔✔Sellers deed/title
Survey boundaries
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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