Chapter 13 Questions
Which of the following should work with a prospective buyer who has been the victim of identity theft...?
A lender
Which of the following should work with a prospective buyer who has been the victim of identity theft...? AA lender BThe real estate agent themselves CThe real estate agent's sponsoring broker DAll of the above
A lender
An agent's liability typically involve which of the following...?
All of the above
An agent's liability typically involve which of the following...? A) All of the above B) Disclosures C) Ethics D) Discrimination
All of the above
An agent's liability typically involve which of the following...? AAll of the above BDisclosures CEthics DDiscrimination
All of the above
Which of the following is typically not covered under liability insurance...? A) All of the above B) Fraudulent conduct C) Robbery D) Causing bodily harm
All of the above
Which of the following parties in a transaction may be held liable for their actions...?
All of the above
Which of the following parties in a transaction may be held liable for their actions...? AAll of the above BSeller CBuyer DSeller's broker
All of the above
Which of the following Articles serves as a 'self-defense loop hole' for agent...?
Article 35
One way to lessen the likelihood of assaults is to have the client meet the agent...?
At the agent's office
Where should an agent meet with a prospective buyer prior to showing any properties...?
At the agent's office
For real estate agents, liability insurance is written on a .......basis?
By-Claim
A seller may be held liable for damages if he/she fails to do which of the following...? A) Disclose material facts about the property B) Increase the asking price C) Reject an offer D) Full disclosure
Disclose material facts about a property
According to Inman News, the majority of agent deaths occur as a result of...?
Falls
David recently obtained his real estate salespersons license and started working for a broker. What type of insurance should David obtain...?
Liability Insurance
Real estate agents must carry what type of insurance...?
Liability Insurance
Which of the following will most likely be covered under an agent's liability insurance...?
Non-intentional acts
Discriminatory actions by an agent are covered under what type of insurance...?
None of the above
Discriminatory actions by an agent are covered under what type of insurance...? ANone of the above BLiability insurance CWorkers compensation DHomeowners insurance
None of the above
As a means to exercising precaution, an agent should have a prospective buyer do which of the following before viewing a property...?
Obtain a pre-approval from a lender
Which of the following carries liability insurance...?
Real Estate Agents
Which of the following should be used to account for visitors at a real estate office...? A) Sign-in sheet B) Fingerprint scanner C) Security code D) All of the above
Sign in sheet
Front office staff should have a .............for anyone who enters the office that is not employed there?
Sign-in sheet
Which of the following is responsible for a real estate salesperson's actions...?
The Salesperson's sponsoring broker
Which of the following acts on behalf of the broker...?
The agent
