Modern Real Estate  21st Edition - Real Estate Agency Quiz - Uni

Modern Real Estate 21st Edition - Real Estate Agency Quiz - Uni

Professional Development

40 Qs

quiz-placeholder

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Modern Real Estate  21st Edition - Real Estate Agency Quiz - Uni

Modern Real Estate 21st Edition - Real Estate Agency Quiz - Uni

Assessment

Quiz

Other

Professional Development

Medium

Created by

Samuel Davis

Used 2+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary duty of a real estate agent when representing a client?

a) Loyalty

b) Honesty

c) Fairness

d) Impartiality

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an essential fiduciary duty of a real estate agent?

a) Disclosure

b) Negotiation

c) Marketing

d) Appraisal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A real estate agent who represents both the buyer and the seller in the same transaction is called a:

a) Dual agent

b) Exclusive buyer's agent

c) Listing agent

d) Designated agent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a real estate transaction, what does "fiduciary duty" refer to?

a) The agent's duty to maintain confidentiality

b) The agent's duty to act in the client's best interest

c) The agent's duty to receive compensation

d) The agent's duty to market the property

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary source of an agent's authority to act on behalf of their client?

a) A real estate license

b) A written agreement or contract

c) A verbal agreement

d) The agency's reputation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a common form of agency relationship in real estate?

a) Single agency

b) Dual agency

c) Transaction brokerage

d) Subagency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does an agency relationship typically begin in a real estate transaction?

a) When the property is listed

b) When the contract is signed

c) When the buyer makes an offer

d) When the buyer and seller agree on the price

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