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Homework 4

[Dividing Line Image]

Last Name

First Name

E-mail Adress

  1. 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

  2. Which of the following are an agents 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
  3. 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
  4. 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
  5. 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

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