ASREB National B-2 Rated A+ Latest Update GRADED
A+
/. All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - Answer-Houses of worship
/.A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - Answer-Special
/.A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - Answer-Honesty
/.In a listing agreement, the seller would be the:
Employer
Employee
Agent
Subagent - Answer-Employer
/.A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - Answer-General
/.Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - Answer-Exaggerated opinion
, /.A listing broker is given personal and private information from the seller about the
seller. How long must the broker keep the information confidential?
Until the listing expires
5 years
90-days from close of escrow
Forever - Answer-Forever
/.What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - Answer-Customer
/.A listing broker receives several offers at the same time. The broker should:
Present only the best
Present all the offers
Present the three best
Wait for more offers before presenting to the seller - Answer-present all the offers
/.What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - Answer-General agent
/.Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - Answer-Full disclosure of all material facts
/.A seller gives a salesperson the right to sell and make other decisions regarding the
property - this is called:
Special agent
Implied agent
Ostensible agent
General agent - Answer-General agent
/.A seller lists a property, sells it himself, and does not have to pay a commission. What
kind of listing did the seller sign?
Exclusive right to sell
Exclusive agency
Net listing
Gross listing - Answer-Exclusive agency
/.When does a salesperson have a listing?
A+
/. All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - Answer-Houses of worship
/.A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - Answer-Special
/.A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - Answer-Honesty
/.In a listing agreement, the seller would be the:
Employer
Employee
Agent
Subagent - Answer-Employer
/.A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - Answer-General
/.Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - Answer-Exaggerated opinion
, /.A listing broker is given personal and private information from the seller about the
seller. How long must the broker keep the information confidential?
Until the listing expires
5 years
90-days from close of escrow
Forever - Answer-Forever
/.What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - Answer-Customer
/.A listing broker receives several offers at the same time. The broker should:
Present only the best
Present all the offers
Present the three best
Wait for more offers before presenting to the seller - Answer-present all the offers
/.What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - Answer-General agent
/.Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - Answer-Full disclosure of all material facts
/.A seller gives a salesperson the right to sell and make other decisions regarding the
property - this is called:
Special agent
Implied agent
Ostensible agent
General agent - Answer-General agent
/.A seller lists a property, sells it himself, and does not have to pay a commission. What
kind of listing did the seller sign?
Exclusive right to sell
Exclusive agency
Net listing
Gross listing - Answer-Exclusive agency
/.When does a salesperson have a listing?
