C. unethical, because solicitation by any type of electronic transmission is a violation of the Code. D) Jack should Which of these items is a REALTOR required to discover and disclose, according to Article 2 of the Code of Ethics? The agent should have disclosed this information, regardless of its accuracy. C. Professional Standards Committee She takes the people through the house and they ask Mary to write the contract. B. Ann cannot file multiple complaints against Marge over this one event. B. D. a violation of the Code as Lynn must first have Terrys permission before making a referral. A. cannot arbitrate if he is a principal in the transaction. A. A person who may be affected by the terms of an agreement, but who is not a party to the agreement is known as the: A. B) Marty later writes a contract and a sale is made. Identify which statement regarding this situation is TRUE. C. more compelling than any efforts made after the open house by Paul and it favors Roger. D) D. what is required by the Code. Another goal was to recognize and accommodate the growing practice of buyer agency, Because of this statement, C) D. tell a client that a contract is valid, void, or voidable, 41. B) Howard walks through a home listed by Owens agency during an open house. A. chosen to work hard for his new broker Ethan, which is not a violation of the Code. A seller tells his agent in confidence that he must sell fast and may accept less than the list price. C) This is a violation of the duty of loyalty known as _________. REALTORS seek arbitration over monetary disputes with another REALTOR because A) Betty could be released from the agency agreement and seek representation from another broker. C. fraud. D. I think youll get more than half with me as your REALTOR., 111. After Bob leaves, Nan says to Dana, That is my client! This statement is true if B. not a violation of Code, even if some of the recipients have their homes listed for sale. spacefor Before leaving, REALTOR Patty takes the seller aside and tells her the property wont sell because it is overpriced and shows the seller her comps. A) REALTOR Jeffrey is preparing a new advertisement for the Sunday paper that will have pictures of people enjoying the neighborhood community pool. Disney employs Saul Arnold as an agent to work on its behalf to acquire the needed property. Call me in a week and Ill tell you my opinion of Bill and what your next steps should be. a nonagency. This is called a(n) (C). Which of the following is a way to create an agency relationship? D. set up an appointment with the title company. Implied fraudulent misrepresentation. B) Broker Roger files arbitration against Broker Paul, claiming procuring cause because he introduced the property to the buyer. As of November 2020, dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Oklahoma, Texas, Vermont, and Wyoming. Yes, Antonio only has a contract with the buyer; therefore, he is only permitted to collect a fee from the buyer. D. set up an appointment with the title company. REALTOR Patty has an appointment to show a listing of REALTOR Katies. C) When a consumer wishes to obtain specific information about a listing, he is instructed to click here. The click actually is consent for the consumer to enter into an exclusive, year-long buyer agency agreement with Nathan but this is not apparent. the principal to whom the agent gives advice and counsel. 118. B) Module II- Part III-INCLUDES MUST-KNOW QUESTI, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Washington County FFA Dairy Foods CDE PART TWO. This particular fact favors must promote and safeguard the seller's best interests. A. dictatorial business. Which of the following statements is TRUE? D) 63. It is Marys listing and she has the key; the sellers are not home but told her to show it anytime. B) C. Paula is in violation of Article 15 for posting misleading statements. the seller must disclose, but the broker has no obligation to disclose. A. C) Dual Disney tell Saul that the maximum it will pay for a 1-acre lot is $1 million. B. A. exclude any human models to avoid any kind of unnecessary bias. Broker Steve files an arbitration request against Broker Deb. Jean asks Mike his opinion about the structure of the property. self-dealing An agent works for a principal that is in the business of real estate development. A) REALTOR Smitty has an exclusive listing on seller Teds house. Which of the following statements is TRUE regarding dual agency? This is D) C) 119. c. It allows a broker to complete general tasks. C. Yes, because REALTORS have an agreement to cooperate. C) How would a histogram of US REIT returns over the last twenty years be described? A. question. D. do not have the option of arbitration through the local Association of REALTORS. Mikes answer should be REALTOR Brian has filed an ethics complaint against REALTOR Clarence. Which of the following duties does Marcy NOT owe to Chad? Broker Anne. D. are not allowed to sue each other because they are both REALTORS. d. negligent. What does the phrase the law of agency is a common law doctrine mean? REALTOR Tamika notices a home in her market area that has one of listing agents Alonzos signs, but she cant find the listing for it in the MLS. Broker Jim introduces buyer Ken to a property and keeps in touch with him. He identified himself as a REALTOR but he acted solely as a principal in the transaction.
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