Chapter 13: Licensee Safety Flashcards

1
Q

According to Inman News, the majority of agent deaths occurs as a result of

A

Falls

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2
Q

Which of the following should be used to account for visitors at a real estate office…..

A

Sign-In Sheet

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3
Q

Which of the following should work with prospective buyer who has been the victim of identity theft…?

A

Lender

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4
Q

Real estate agents must carry what type of insurance….?

A

Liability Insurance

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5
Q

Which of the following carries liability insurance?

A

Real Estate Agents

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6
Q

Which of the following Articles serves as a ‘Self-defense loop hole’ for agent….?

A

Article 35

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7
Q

Which is responsible for a real estate salesperson’s actions…?

A

The Salesperson’s Sponsoring Broker

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8
Q

If an agent is hurt at a client’s home, the client’s _____________ insurance may cover the damages?

A

Homeowners

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9
Q

Real estate offices should include which of the following?

A

Security Cameras

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10
Q

A seller may be held liable for damages if he/she fails to do which of the following….?

A

Disclose Material Facts About the Property

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11
Q

As a means to exercising precaution, an agent should have a prospective buyer do which of the following before viewing a property…?

A

Obtain a Pre-Approval From a Lender

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12
Q

An agent who works from home may use which of the following for mailing purposes…?

A

P.O. Box

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13
Q

For real estate agents, liability insurance is written on a …….basis?

A

By-Claim Basis

*Not: By Monthly nor Semi-Annual

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14
Q

Which of the following is typically not covered under liability insurance…?

A

Fraudulent Conduct, Robbery, nor Causing Bodily Harm.

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15
Q

Penal Code Article 35 addresses which of the following…?

A

Use of Physical Force

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16
Q

Discriminatory actions by an agent are covered under what type of insurance…?

A

None

17
Q

Where should an agent meet with a prospective buyer prior to showing any properties…?

A

At the Agent’s Office

18
Q
  • State and municipal law that governs real estate agents
  • Association codes
  • Real estate licensing regulations and policies
A

Liability Insurance Covers These: