6. Quiz

which of the following parties must sign the intermediary relationship notice?

both the buyer and seller

bob is a broker serving as an intermediary in a transaction. he decides to appoint two of his associate licensees to represent the seller and buyer. the associate licensees are prohibited from which of the following actions?

disclosing to the buyer that the seller will accept an offer below the asking price disclosing to the seller that the buyer is willing to pay more than the asking price disclosing confidential information about either party

abraham was assigned to represent a buyer in an intermediary brokerage. what fiduciary duties does abraham owe to the seller?

honesty

when is written consent not needed for a broker to act as an intermediary?

if representation agreements are signed with both the buyer and seller, which allows the broker to act as an intermediary

a broker who serves as an intermediary must act fairly and?

impartially

if an associate licensee is assigned to represent the seller in an intermediary agency transaction, what fiduciary duties does the licensee owe to the seller?

loyalty confidentiality reasonable skill and diligence

if a broker acting as an intermediary assigns licensees to represent both the buyer and seller, who becomes responsible for the agency relationships?

the broker is always responsible for the actions of the licensees

tim is a real estate saesperson who's broker is serving as an intermediary in a transaction. tim was assigned by his broker to represent the seller in the transaction, while another licensee in the office represented the buyer. tim is allowed to give advice to which of the following parties?

the seller only

TRELA allows a broker to act as an intermediary if which of the following is provided?

written consent from all parties

which of the following is needed in order to allow a broker to appoint associate licensees to represent the seller and buyer in an intermediary brokerage?

written consent from all parties