Faultless Answers 100%.
An exclusive brokerage agreement must:
A. Be in writing
B. Include a specific termination date
C. Use clear and understandable terms
D. All the above correct answers D. All the above
Who typically pays the transfer tax in Clark County?
A. The buyer
B. The seller
C. Either the buyer or the seller
D. Split between the buyer and seller correct answers B. The seller
The purpose of a policies and procedures manual is to:
A. Determine the commission rate each agent will receive
B. Inform the licensee of the way your brokerage chooses to do business
C. Inform the clients of the standards they will be held to while in contract with your brokerage
D. None of the above correct answers D. None of the above WRONG
An agent of the seller relationship is when:
A. The buyer's agent is friends with the seller
B. The agent represents both the buyers and the sellers
C. The seller is the client, and the broker is the agent
D. The agent only represents sellers correct answers C. The seller is the client, and the broker is
the agent
, What form must be used in the sale of a home built prior to 1978?
A. Residential Disposition Guide
B. CIC Disclosure
C. Mold/Asbestos Waiver
D. Lead-Based Paint Disclosure correct answers D. Lead-Based Paint Disclosure
The majority of present-day real estate transactions are that of:
A. Dual agency
B. Transactional brokerage
C. Assigned agency
D. Single Agency correct answers D. Single Agency
To be entitled to a brokerage commission for listing or selling a property a broker must be all the
following EXCEPT:
A. Be licensed
B. Be the procuring cause
C. Be employed by the principal
D. Be uninvolved with the sale correct answers D. Be uninvolved with the sale
First year licensees are required to take ____ amount of post licensing education courses.
A. 75 hours
B. 90 hours
C. 30 Hours
D. 12 Hours correct answers C. 30 Hours
Loyalty is defined as:
A. The agent is loyal to the broker and the broker only