Unit 4 Quiz Attempt #3

A fiduciary is

For a broker and seller, what type of agency is their relationship?

How can a broker represent a buyer and a seller in a dual agency?

Which of the following describes the occurrence of designated agency?

An agency can be terminated if

How do agents keep the principal informed of all the facts that might affect a transaction?

In a ________ relationship, both the buyer and seller are helped with paperwork by a broker without representation.

The broker has completed the task they were hired for. What happens next?

In an agency relationship, the relationship of an agent to a client is a

The best way to express agency is ___________.

A non-broker is also called _________.

Which of the following is not one of the kinds of laws that dictate agency relationships and the duties an agent owes to their client?

Statutory laws are

Which type of agent is/are recognized in Georgia? I. Undisclosed dual agency. II. Fiduciary agency. III.Transaction brokerage. IV. Designated agency.

Which of the following agreement need to be in writing?

I. an exclusive-agency listing.

II. a 10 year commercial lease.

III. an exclusive-right-to-sell listing.

IV. an open listing.

A real estate broker lists a home as agent for the seller. Later that same day, a buyer comes into the office and asks for general information about homes for sale in the area. Based on these facts, which statements is TRUE?:

A real estate professional has found a buyer for a seller’s home. The buyer has indicated in writing a willingness to buy the property for $1,000 less than the asking price and has deposited $5,000 in earnest money with the real estate professional. The real estate professional informed the seller of the signed document and the seller has accepted. After the seller came back, all of the requirements has been of a contract have been fulfilled and both parties have done what they agreed to do in the contract. At this point, the buyer has an:

BRRETA requires that certain disclosures must be made to any client with whom a licensee is entering into a brokerage engagement. These disclosures include:

In Georgia ______ is recognized as an agency

A single agency is:

Agency disclosure laws vary state by state, with each stipulating when, how, and to whom disclosures must be made. What may the law convey?

The salesperson that is a representer of the seller tells the buyer that the seller may sell for less. This causes:

None of the following states a company’s agency relationships EXCEPT:

Which of the following category would a property likely fall under if that property that has been the site of an event such as a suicide, murder, or other undesirable event?

Choose the correct option: A listing broker knows that a known sex offender lives within a block of a home she has listed. The prospective buyers are a family with three small children. The broker:

Georgia law states that a written disclosure of an agency relationship has to occur:

A broker tells a prospective buyer about a listing that has an amazing view; however, the listing has some inferences with its view. Which of the following is true?

A ______ is an agent of the brokerage firm/principal broker who is already acting as agent for the principal

If a broker is acting for both the landlord and the tenant in the same transaction, this is considered:

Georgia law states that a written disclosure of an agency relationship has to occur: