Real Estate Dual Agency

only with the informed written consent of all clients

A licensee may act as a dual agent Select one: A. when it is in the best interest of the parties involved. B. only with the informed written consent of all clients. C. whenever the agent is the listing agent. D. when the agent is the designated agent.

Customer

A person who is not represented by the licensee but for whom the licensee is performing ministerial acts is the A. client B. Principle C. Buyer D. Customer

Dual Agency

An agency relationship in which the licensee is representing both the seller and the buyer in the same transaction is Select one: A. Sub-agency B. Single agency C. Dual agency D. Illegal

no

Is a client considered to be liable for acts or omissions of his real estate agent? Select one: A. yes B. no

honesty and fairness

What duties are owed to the customer by the licensee? Select one: A. confidentiality B. honesty and fairness C. obedience D. all of the above

Designated Agent

When a broker appoints one agent from his company to represent a client, that agent is known as the Select one: A. selling agent B. designated agent C. co-op agent D. appointed agent

dual agency disclosure form

When acting as a dual agent, what form must be signed by the clients? Select one: A. agency disclosure pamphlet B. buyer representation agreement C. dual agency disclosure form D. caveat emptor form

With regard to leases of three years or less when no sale of the subject property is anticipated

When is agency disclosure NOT required? Select one: A. with regard to leases B. with regard to dual agency transactions C. with regard to single agency transactions D. with regard to leases of three years or less when no sale of the subject property is anticipated.

the one he is with

When there is no written agency agreement, who does the licensee represent in a transaction? Select one: A. the seller B. the buyer C. both D. the one he is with

Confidential information about buyer or seller

Which of the following CAN NOT be disclosed by the licensee when acting as a dual agent? Select one: A. material defects B. Confidential information about the seller C. Confidential information about the buyer D. Confidential information about buyer or seller