The best term used to describe the relationship of
trust between a broker and a buyer or a broker and
a seller in a single agency relationship is a
Detailed Answer
B. This is definitional.
2
The duty of a broker in a single agent relationship
to represent the interests of her client even above
her own interests is a result of the obligation of
Detailed Answer
B. The other choices are also part of the duties owed to a client, but loyalty requires putting the client’s interest
above all others.
3
Which of the following is not true about a
designated sales associate agency arrangement?
Detailed Answer
A. The broker acts in a neutral capacity as an advisor to both sales associates.
4
A broker transitioning from a single agent
relationship to a transactional brokerage status
Detailed Answer
D. This is statutory.
5
If a customer or principal refuses to sign an
agency disclosure document, the agent must
Detailed Answer
C. There is no separate affidavit. The listing agreement will have a place for the principal to sign acknowledging
agency disclosure, so Choice A is usually not an issue.
6
A real estate broker placed the following
advertisement in a newspaper: Three-bedroom
house for sale. Call 555-5555. This is an example
of a(n)
Detailed Answer
C. Advertisements by real estate licensees should clearly identify the fact that the public (the reader of the ad) is
dealing with a real estate licensee.
7
If a broker places the names of her sales associates
on her office sign, what else must she put on the
sign for each associate?
Detailed Answer
B. The law requires that if associates names are placed on the sign, their status as broker associates or sales
associates must be placed next to their names.
8
A Florida real estate broker who calls an owner
whose property is listed for sale as a for sale by
owner (FSBO) and whose phone number appears
on the yard sign
Detailed Answer
D. Choice C may be a little tricky. A broker may call a FSBO for up to three months if the owner had previously
made an inquiry to the broker.
9
A sales associate who advertises real estate
services in her own name
Detailed Answer
D. This is statutory.
10
An alleged violation of the real estate license law
is a good definition of a
Detailed Answer
B. This is definitional. Filing the complaint is the first step in the complaint process.