A sales associate takes a listing in the name of a sponsoring broker. When a dispute arises between the sales associate and the seller,

Question 1

Question 1 of 5

Answer

A. the broker must terminate the listing.

B. the sales associate has breached a fiduciary duty.

C. the sales associate is the only responsible party.

D. the sponsoring broker may be responsible for the sales associate's actions.

Question 2

Question 2 of 5

Answer

A. Yes, because such advertising falsely implies that only military veterans can qualify to purchase.

B. Yes, because such advertising discriminates against individuals who have not served in the military.

C. No, because brokers are entitled to direct property advertisements to any specific segment of the population.

D. No, because veterans from all protected classes can qualify for VA loans.

Question 3

Question 3 of 5

Answer

A. an exclusive listing

B. a written listing

C. an open listing

D. an exclusive right-to-sell listing

Question 4

Question 4 of 5

Answer

A. tenancy by the entirety

B. tenancy at will

C. joint tenancy

D. tenancy in common

Question 5

Question 5 of 5

Answer

A. a plat.

B. a survey.

C. title insurance.

D. a special warranty deed.

A sales associate takes a listing in the name of a sponsoring broker. When a dispute arises between the sales associate and the seller,

A. the broker must terminate the listing.

B. the sales associate has breached a fiduciary duty.

C. the sales associate is the only responsible party.

D. the sponsoring broker may be responsible for the sales associate's actions.

A real estate brokerage advertises specifically for buyers who wish to purchase using VA loans. Do these advertisements violate veterans' rights or the advertising rules of the Federal Fair Housing Act?

A. Yes, because such advertising falsely implies that only military veterans can qualify to purchase.

B. Yes, because such advertising discriminates against individuals who have not served in the military.

C. No, because brokers are entitled to direct property advertisements to any specific segment of the population.

D. No, because veterans from all protected classes can qualify for VA loans.

Which of the following listings would allow more than one brokerage firm to work simultaneously to sell the owner's property and claim the full commission?

A. an exclusive listing

B. a written listing

C. an open listing

D. an exclusive right-to-sell listing

Which of the following is a form of multiple ownership in which each owner possesses an undivided proportional interest in the entire property, although the ownership shares need not be equal?

A. tenancy by the entirety

B. tenancy at will

C. joint tenancy

D. tenancy in common

To identify possible encroachments, a buyer should insist upon

A. a plat.

B. a survey.

C. title insurance.

D. a special warranty deed.

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