Agency Disclosure Quiz Attempt #3 Copy

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You must review the material for this section and reattempt the Agency Disclosure Quiz to proceed to the next section.

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Question 1 of 6

1. Question
A fiduciary
- is a third party consumer that is not represented by an agent but is still deserving of a particular level of service, fairness, and honesty.
- is an individual who is authorized to represent the interest of a buyer or seller in a transaction
- is a person who holds a legal and ethical position of confidence and owes trust and loyalty to another
- is a principal in a real estate transaction
- is a real estate licensee that works with the buyer and seller in a transaction but does not represent either party or their interests
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Question 2 of 6

2. Question
A non-agent
- is a principal in a real estate transaction
- is a person who holds a legal and ethical position of confidence and owes trust and loyalty to another
- is a real estate licensee that works with the buyer and seller in a transaction but does not represent either party or their interests
- is an individual who is authorized to represent the interest of a buyer or seller in a transaction
- is a third party consumer that is not represented by an agent but is still deserving of a particular level of service, fairness, and honesty.
Correct

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Question 3 of 6

3. Question
____ are authorized to act on behalf of a broad range of business matters.
- Principal
- Universal agent
- General agents
- Client
- Customer
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Question 4 of 6

4. Question
The agency that is described as in-house sale where two agents of the same broker represent the seller and buyer individually is known as?
- Designated agency
- Assigned agency
- Appointed agency
- All the above
- None of the above
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Question 5 of 6

5. Question
An agent
- is a real estate licensee that works with the buyer and seller in a transaction but does not represent either party or their interests
- is a person who holds a legal and ethical position of confidence and owes trust and loyalty to another
- is an individual who is authorized to represent the interest of a buyer or seller in a transaction
- is a principal in a real estate transaction
- is a third party consumer that is not represented by an agent but deserving a particular level of service, fairness and honesty.
Correct

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Question 6 of 6

6. Question
A principal
- is a real estate licensee that works with the buyer and seller in a transaction but does not represent either party or their interests
- is a third party consumer that is not represented by an agent but deserving a particular level of service, fairness and honesty.
- is an individual who hires the agent to represent their interests
- is a person who holds a legal and ethical position of confidence and owes trust and loyalty to another
- is an individual who is authorized to represent the interest of a buyer or seller in a transaction
Correct

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