Chapter 4: Authorized Relationships: Duties & Disclosures

Question 1

Special Agent

Answer 1

Authority to perform a single act

Question 2

Agent of the broker or subagent

Answer 2

Same fiduciary duties the broker to principle

Question 3

As an agent of the broker, a _____ _________ has the same duties to the broker’s principal as does the broker.

Answer 3

sales associate

Question 4

Single agency - represent both parties

Answer 4

illegal dual agency

Question 5

Failure to present an offer may be considered ___________ or ______ __ _____ and could result in disciplinary action against the broker.

Answer 5

concealment

breach of trust

Question 6

Presenting offers

Answer 6

present all offers

Question 7

Referral fee

Answer 7

Foreign/out of state - may not participate