Name: Homework 4

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Instructions:  

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Question 1   Multiple Answer (1.0000 points)
  Question: Which of the following are an agent's responsibility to his/her principal?
(Check all that apply.)

 
    Faithful performance
Loyalty to the principal
Reasonable Care
Disclosure of material defects
Duty to account for funds
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: A broker who fails to lock the doors back in a house that he/she has shown to a perspective buyer is guilty of which of the following violations of agency requirements?
(Check all that apply.)

 
    Faithful performance
Loyalty to the principal
Reasonable Care
Disclosure of material defects
Duty to account for funds
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: A broker who fails to notify a perspective buyer that the roof has a leak is in violation of which of the following agency requirements?
(Check all that apply.)

 
    Faithful performance
Loyalty to the principal
Reasonable Care
Disclosure of material defects
Duty to account for funds
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: Failure to notify the out-of-town principal that a proposed zoning change on an adjecent property could impact the principal's property listed with the firm is a violation of which of the following?
(Check all that apply.)

 
    Faithful performance
Loyalty to the principal
Reasonable Care
Disclosure of material defects
Duty to account for funds
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: The most common form of agency relationship found in real estate brokerage is:
(click in the box with the correct answer.)

 
    Universal Agency
General Agency
Specific Agency
Dual Agency