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ASREB National Test B-2 Exam Questions With
100% Correct Answers.
All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - CORRECT ANSWER - Houses of worship
A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - CORRECT ANSWER - Special
A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - CORRECT ANSWER - Honesty
In a listing agreement, the seller would be the:
Employer
Employee
Agent
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Subagent - CORRECT ANSWER - Employer
A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - CORRECT ANSWER - General
Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - CORRECT 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 - CORRECT ANSWER - Forever
What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - CORRECT ANSWER - Customer
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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 - CORRECT ANSWER -
present all the offers
What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - CORRECT ANSWER - General agent
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - CORRECT 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 - CORRECT ANSWER - General agent
ASREB National Test B-2 Exam Questions With
100% Correct Answers.
All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - CORRECT ANSWER - Houses of worship
A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - CORRECT ANSWER - Special
A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - CORRECT ANSWER - Honesty
In a listing agreement, the seller would be the:
Employer
Employee
Agent
,2|Page
Subagent - CORRECT ANSWER - Employer
A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - CORRECT ANSWER - General
Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - CORRECT 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 - CORRECT ANSWER - Forever
What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - CORRECT ANSWER - Customer
, 3|Page
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 - CORRECT ANSWER -
present all the offers
What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - CORRECT ANSWER - General agent
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - CORRECT 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 - CORRECT ANSWER - General agent
