COURSE 2 - HUMBER REAL ESTATE
EXAM QUESTIONS AND ANSWERS
According to REBBA, a promise made by a registrant to a person must be
_____________ - Correct Answers -In writing
Individuals other than salespersons, who are registered to act on behalf of a brokerage -
Correct Answers -Brokers
The second disclosure step involving multiple representation that should occur before a
(an) ______ is made - Correct Answers –Offer
The first disclosure step regarding representation is made __________ the listing
agreement is signed - Correct Answers -Before
Obligations owed to a client in addition to fiduciary and regulatory - Correct Answers -
General
An agency authority that is expressly set out in a representation agreement - Correct
Answers -Actual
Possible legal consequences for a principal if they unlawfully terminate an agency
relationship - Correct Answers -Damages
A seller in an agency relationship - Correct Answers -Principal
An agency relationship established after the fact - Correct Answers -Ratification
The agent for the purposes of REBBA - Correct Answers -Brokerage
Legal action for remuneration is only possible if a person is registered or _______ under
REBBA - Correct Answers -Exempt
One of the two duties a principal owes to an agent, beyond indemnification - Correct
Answers -Remuneration
EXAM QUESTIONS AND ANSWERS
According to REBBA, a promise made by a registrant to a person must be
_____________ - Correct Answers -In writing
Individuals other than salespersons, who are registered to act on behalf of a brokerage -
Correct Answers -Brokers
The second disclosure step involving multiple representation that should occur before a
(an) ______ is made - Correct Answers –Offer
The first disclosure step regarding representation is made __________ the listing
agreement is signed - Correct Answers -Before
Obligations owed to a client in addition to fiduciary and regulatory - Correct Answers -
General
An agency authority that is expressly set out in a representation agreement - Correct
Answers -Actual
Possible legal consequences for a principal if they unlawfully terminate an agency
relationship - Correct Answers -Damages
A seller in an agency relationship - Correct Answers -Principal
An agency relationship established after the fact - Correct Answers -Ratification
The agent for the purposes of REBBA - Correct Answers -Brokerage
Legal action for remuneration is only possible if a person is registered or _______ under
REBBA - Correct Answers -Exempt
One of the two duties a principal owes to an agent, beyond indemnification - Correct
Answers -Remuneration
