ID Real Estate Agencies Quiz

ID Real Estate Agencies Quiz

12th Grade

28 Qs

quiz-placeholder

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ID Real Estate Agencies Quiz

ID Real Estate Agencies Quiz

Assessment

Quiz

Professional Development

12th Grade

Practice Problem

Hard

Created by

Kailee Guentzel

Used 1+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the type of relationship between a buyer or seller and a real estate licensee called?

Representation

Agency

Brokerage

Compensation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for the creation of an agency in Idaho?

Verbal agreement

Written agreement

Implied agreement

No agreement needed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the individual real estate licensee who is authorized and consents to represent the interests of another person?

Principal

Client

Agent

Customer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In an agency relationship, who is the principal?

The agent's client

The real estate broker

The customer

The non-agent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a customer services agreement (compensation agreement) involve?

Agreement between a real estate brokerage and a customer for compensation

Agreement between two agents for compensation

Agreement between a buyer and seller for compensation

Agreement between a principal and a non-agent for compensation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a non-agent in a real estate transaction?

A licensee who represents one or both parties

A licensee who assists one or both parties without representing either party

A licensee who represents only the buyer

A licensee who represents only the seller

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an express agency?

An agency relationship created by the actions of the parties

An agency relationship that is understood and agreed to by the parties

An agency relationship that does not require any agreement

An agency relationship that is implied and should be avoided

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