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부동산

Check Your Understanding-Answers

  1. When is an agency relationship created? 

    An agency relationship is created when a person (the principal) delegates to another person (an agent) the right to act on his or her behalf in business transactions with third parties.
     
  2. What exception exists to the duty of obedience when working with a client? 

    An agent is not bound by the duty of if the principal's directions are not legal.
     
  3. An agent's fiduciary responsibilities to a client usually end when the transaction closes. This is not true of which duty? 

    Confidentiality. This duty extends beyond the termination of the relationship. No personal information gained during the term of the agreement can ever be disclosed to another party except the broker. 
     
  4. Amanda calls broker Tim to schedule a showing of one of his listings. Amanda loves the home and wants to make an offer. What should Tim do next? 

    Tim must disclose to Amanda his agency relationship with the seller and get her written permission for a dual agency arrangement. He must also inform the seller of his agency relationship with Amanda and get the seller's written permission for the dual agency arrangement. If both parties agree to dual agency, they can proceed. If not, Amanda will have to find other representation. 
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2075
Notice 부동산 용어 (A to Z) 2019.03.03 1321
290 Real Estate Practice -5 (Understanding-Answers) 2019.04.12 42
289 Chapter 2 Quiz 2019.04.12 213
» Real Estate Practice -6 (Understanding-Answers) 2019.04.12 57
287 Real Estate Practice - 7 (Understanding-Answers) 2019.04.12 65
286 Real Estate Practice - 8 (Understanding-Answers) 2019.04.13 51
285 Chapter 3 Quiz 2019.04.13 327
284 Real Estate Practice - 9 (Understanding-Answers) 2019.04.13 45
283 Using the Internet 2019.04.13 42
282 Real Estate Practice - 10 (Understanding-Answers) 2019.04.13 41
281 Chapter 4 Quiz 2019.04.13 117
280 Real Estate Practice - 11 (Understanding-Answers) 2019.04.13 42
279 Real Estate Practice - 12 (Understanding-Answers) 2019.04.13 43
278 Chapter 5 Conclusion 2019.04.13 40
277 Chapter 5 Quiz 2019.04.13 495
276 Real Estate Practice - 13 (Understanding-Answers) 2019.04.13 56
275 Real Estate Practice - 14 (Understanding-Answers) 2019.04.13 40
274 Chapter 6 Conclusion 2019.04.13 51
273 Chapter 6 Quiz 2019.04.13 541
272 Real Estate Practice - 15 (Understanding-Answers) 2019.04.14 44
271 Real Estate Practice - 16 (Understanding-Answers) 2019.04.14 55
270 Chapter 7 Conclusion 2019.04.14 115
269 Chapter 7 Quiz 2019.04.14 176
268 Real Estate Practice - 17 (Understanding-Answers) 2019.04.14 40
267 Preparing Your Website 2019.04.14 40
266 Real Estate Practice - 18 (Understanding-Answers) 2019.04.14 31
265 Chapter 8 Conclusion 2019.04.14 821
264 Chapter 8 Quiz 2019.04.14 718
263 Real Estate Practice - 19 (Understanding-Answers) 2019.04.15 48
262 Real Estate Practice - 20 (Understanding-Answers) 2019.04.15 78