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Chapter 9 Quiz

Posted on March 2, 2023 by
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  1. Question 1 of 15
    1. Question

    In a typical real estate transaction an agency relationship exists between the:

  2. Question 2 of 15
    2. Question

    To lessen confusion among buyers and sellers regarding agency representation, all states have enacted laws that require an agent to:

  3. Question 3 of 15
    3. Question

    A potential buyer who deals with a seller through a listing agent is known as a:

  4. Question 4 of 15
    4. Question

    The most common method for creating a seller agency relationship is:

  5. Question 5 of 15
    5. Question

    Broker Quincy represents a homeseller, Reba. Reba wants a quick sale and tells Quincy that although the listing price is $500,000, she would go as low as $450,000. Quincy tells a prospective buyer that Reba would sell for $450,000, so the buyer offers $450,000 and Reba accepts. Quincy has:

  6. Question 6 of 15
    6. Question

    In an in-house sale:

  7. Question 7 of 15
    7. Question

    A dual agent must:

  8. Question 8 of 15
    8. Question

    A licensee owes to all parties, regardless of whom the licensee represents, the duty of:

  9. Question 9 of 15
    9. Question

    Dual agency is:

  10. Question 10 of 15
    10. Question

    A buyer’s agent is most commonly compensated by the:

  11. Question 11 of 15
    11. Question

    Broker Lois listed the Mannings’ property. The Mannings told her that the roof would leak in heavy rain, but she did not tell Ned, the buyer, since he did not ask about the roof. If Ned purchases the property, discovers the leak, and then sues for damages:

  12. Question 12 of 15
    12. Question

    An agency relationship may terminate:

  13. Question 13 of 15
    13. Question

    An agent may unilaterally terminate an agency relationship through:

  14. Question 14 of 15
    14. Question

    Which of the following statements about dual agency is not true?

  15. Question 15 of 15
    15. Question

    The owners of an apartment building hire a real estate broker as the property manager. If the owners later sell the building, their agency relationship with the property manager:

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