1. When is a principal prevented from unilaterally terminating an agency?

a. In the event of an agency coupled with an interest

b. When the breach would cause damages to the agent

c. When the breach would cause damages to third parties

2. Which of the following statements about dual agency is false?

a. The dual agent may not disclose confidential information from one party to the other

b. The dual agent may reveal to the seller the maximum the buyer is willing to pay

c. The dual agent must have the written consent of both parties

3. Which of the following is the primary test for whether or not an agency relationship exists?

a. The agent provided some sort of service for the principal

b. The parties showed intent, via words or actions, to form an agency relationship

c. There was a written document referencing such a relationship

4. Which of the following statements is true?

a. A seller agency relationship is always created in the listing agreement; a buyer agency relationship may be created through a written representation agreement

b. Both a seller agency relationship and a buyer agency relationship are created in the listing agreement

c. Both a seller agency relationship and a buyer agency relationship are created using a written representation agreement