The Listing Process Quiz Attempt #2

The Listing Process Quiz Attempt #2

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*The Listing Process Quiz #3*
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*The Listing Contract Form*

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Question 1 of 11

1. Question
The broker protection clause provides:
- Owner pays the commission, after the listing expires, the owner transfers the property to the broker
- the seller cannot file a lawsuit for a broker underperforming
- the seller cannot file a complaint against the broker
- how they will pay the broker
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Question 2 of 11

2. Question
After completing the agency listing contract, the real estate brokerage is now:
- the agent of the person who is selling
- an important cause
- required to open a special trust account
- must share the commission
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Question 3 of 11

3. Question
What defects must a broker disclose?
- External only
- Internal Only
- Ones that would likely not be noticed in an inspction only
- All known defects
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Question 4 of 11

4. Question
A ____ fact is important information for buyers that could change their decision to purchase a property
- physical
- latent
- material
- observable
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Question 5 of 11

5. Question
A ____ fact is important information for buyers that could change their decision to purchase a property
- physical
- latent
- material
- observable
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Question 6 of 11

6. Question
What does Georgia’s Fair Business Practices Act do?
- Protects consumers against deceptive advertising
- Protects consumers against misrepresentation.
- Protects consumers from fraud by real estate licensees.
- All of the above
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Question 7 of 11

7. Question
A broker may not disclose any defects in a home
- when the client instructs them not to
- when an inspection will be conducted
- when the defects are minor
- none of the above
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Question 8 of 11

8. Question
What act protects consumers from deceptive advertising?
- Real estate continuing education courses
- There are no measures in place currently
- Georgia's Fair Business Practices Act
- the Georgia Real Estate Commission.
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Question 9 of 11

9. Question
A broker may not disclose any defects in a home
- when the client instructs them not to
- when an inspection will be conducted
- when the defects are minor
- none of the following
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Question 10 of 11

10. Question
When a seller’s property disclosure form is missing information, which of the following is true?
- The listing broker is responsible for making sure the seller lists truthful information
- The seller is liable to be filed against to the state real estate commission with a complaint
- The form will likely be need to be verified by a property inspector by the buyer
- The buyer is responsible for making sure the seller lists truthful information
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Question 11 of 11

11. Question
A former real estate agent with an inactive license would like to sell her home. Which of the following is true?
- She must disclose the fact that she holds a real estate license, regardless of whether it is active or inactive, in any advertisements.
- Her license will expire soon.
- She must list her home with an agent with an active license.
- She must reinstate her own license before selling the home.
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