Unit 23 Quiz Attempt #4

Unit 23 Quiz Attempt #4

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Question 1 of 20

1. Question
_____ cannot be a factor in weather services are rendered by a realtor.
- race
- religion
- sexual orientation
- familial status
- all of the above
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Question 2 of 20

2. Question
If a realtor is buying or selling a property they have an personal interest in they must
- A realtor may never represent themselves or their immediate family
- Make their postion known to the owner or owner's agent in writing
- Verbally expressing their interest prior to signing a contract
- Using another realtor to facilate the sale
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Question 3 of 20

3. Question
Which of the following is true in regards to how a realtor must submit offers and counter offers
- either at the conclusion of agreement or as soon as the offer is received
- As quickly as possible
- Until the seller's asking price has been met
- Until closing or exuction of a lease
- All of the above
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Question 4 of 20

4. Question
Under which circumstances can a realtor disclose a client’s confidential information?
- when it is nessary to prevent a crime indended by the client
- it is necessary to defend a realtor against an accusation of wrongful conduct
- Client's consent after full disclosure
- after a court order
- All of the above
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Question 5 of 20

5. Question
A realtors ability to offer incentives for buyer to purchase a property from them is
- permissible if the interested party has a clear understanding of all of the terms and is allowed is the reciepient is contingent on proceeding with the transaction
- allowed if the receipt of the benefit is contigengent on lisitng, selling, or purchasing through the realtor making the offer
- unrestricted as long as the inducements are made clear to potenial buyers
- unethical
- permissible if the the party intrested has a clear, through, advance understanding of all the terms
Correct

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Question 6 of 20

6. Question
Which if the following allievates a realtors obligation to discover and disclose adverse factors affecting a property?
- facts which are confidential under the scope of agency or non agenct realtionships as defined by law
- latent defects in the property
- on matters outside their scope of their real estate license
- all of the above
Correct

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Question 7 of 20

7. Question
Which if the following is required when a realtor is cooperating with another broker?
- Is obligated to enter into a coopertion
- Must share commisions
- Is obligated to compensate the other broker for any services rendered
- Must disclose the existance of offers to any broker seeking cooperation
Correct

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Question 8 of 20

8. Question
After selling a home, a realtor can recommend certain insurances or products which they:
- Can accept profits from making recomedations if the product is in the best intrest of the client
- Cannot make recommendations on products such as home owners insurance or mortgage financing
- Can accept profits from recommendations made to client after disclosure at the time of recommendation
- Cannot accept commisions, rebates or profits
Correct

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Question 9 of 20

9. Question
What should a realtor do if a client ask a question they are not familiar with
- Inform the client that that knowledge is outside of their field
- Answer the question to the best of their abilites
- Research the question and get back to the client after they have learned more
- Engage the assiatance of someone who is competent in such matters to assist the client
Correct

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Question 10 of 20

10. Question
What can a realtor not do in relation to online advertisement?
- use metatags, keywords or other methods to drive or direct traffic
- advertise without disclosing the name of the realtor firm
- present content developed by others
- All of the Above
Correct

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Question 11 of 20

11. Question
Realtors can solicit their buisness in all ways except:
- telephone or personal solicitaions of property owners identified by MLS
- general telephone canvass
- distributions made in business, clibs or organizations
- Mailing adressed to all prospects in a given geographical area
Correct

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Question 12 of 20

12. Question
Realtors can enter into dual agency:
- with informed consent of both parties
- never as it is a conflict of interest
- after full disclosure
- if there is consent from both parties then would never be considered a conflict of interest
Correct

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Question 13 of 20

13. Question
Before entering into a lisitng contract, a realtor must inform the client on:
- any potential for lisitng brokers to act as disclosed dual agents
- The fact that buyer/tenant agents or brokers, even if compensated by the listing broker may represent the intrest of buyers
- Company policies regarding cooperation and compensation
- All of the above
Correct

Incorrect
Question 14 of 20

14. Question
Which scenario allows a realtor to contact a property owner that is listed exclusively with another broker?
- When the listing broker refuses to disclose the expiration date of the exclusive agreement
- If both brokers are working for the same firm
- The realtor may not contact or solicit the property owner
- When the realtor has a potential buyer interested in the property
Correct

Incorrect
Question 15 of 20

15. Question
What should two realtors do if they are having a dispute over commission?
- submit the article to arbitration
- litigate
- Mediate the dispute
- either submit the article to arbitration or resolve the dispute through mediation
Correct

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Question 16 of 20

16. Question
Which of the following scenarios should REALTORS@ pledge to protect and act upon the interests of thie clients?
- Immediately when signing a lease agreement
- When representing only a buyer and a seller
- When representing a buyer,seller,landlord,tenant,or other client as an agent
- At all times when interacting with a customer
Correct

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Question 17 of 20

17. Question
Which of the following scenarios should REALTORS@ do when attempting to secure a listing?
- disclose information about a benefit of the property
- represent the buyer and seller at the same time
- not deliberately mislead the owner as to market value
- deliberately puff about a certain aspect of a property
Correct

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Question 18 of 20

18. Question
When shall REALTORS@ not mislead buyers or tenants as to saving or other benefits through the use of REALTOR’s services?
- when signing a exclusive sales agreement
- when representing a seller
- when representing a buyer
- when seeking to become a buyer/tenant representative
Correct

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Question 19 of 20

19. Question
Of these scenarios, when can REALTORS@ represent the seller/landlord and buyer/tenant in the same transaction?
- When written
- After full disclosure to and with informed consent of both parties
- After full disclosure and writing
- After informed consent from both parties and signatures from both parties
Correct

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Question 20 of 20

20. Question
Which of the following shall REALTORS@ do when submitting offers and counter-offers?
- After 12 hours
- quickly with minimal detail
- quickly with substantial detail
- submit objectively and quickly as possible
Correct

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