1- If you are not a single agent, the person you are working with is your __________.

1) Client

2) Customer

3) Fiduciary

Question 2

2-You are helping buyer John purchase your own listing. You should have the owner of the listing sign a consent to transition to

1) Single agent

2) Transaction brokerage

3) No brokerage

3- If you have not had any brokerage forms signed, and you are helping a buyer, you are assumed to be in a ______ _________ relationship.\

: 1) Single agent

2) No brokerage

3) Transaction broker

4 You contact someone who owns a FSBO property because you have a buyer who is interested in purchasing the property.

1) You should never contact someone with a FSBO

2) You should have the FSBO owner complete a transaction broker disclosure

3) You should have the FSBO owner complete a no brokerage disclosure

5 -True or false: sale or lease of a business or commercial property does not require a written disclosure.

1) True

2) False

6 A person who delegates responsibility to another is a(n)_____________.

:1) Principal

2) Agent

3) Fiduciary

7- You are listing Harrys property for sale. You should have him sign a___________disclosure.

1) Single agent

2) Transaction brokerage

3) No brokerage

8 True or false: all agents should disclose important material facts to buyers and sellers.

:1) True

2) Falseyou only have to protect your client

9 A written disclosure is required if

1) You discuss one of your listings with someone you happen to meet at a party

2) You are selling a residential property with four or fewer units or 10 acres or less of agricultural property

3) Someone calls you to ask general questions about a property

10 Unlike transaction brokers, single agents must

1) Use skill and diligence

2) Account for all funds

3) Be obedient and loyal