45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 3 Unit 3 Exam

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Question #1
You represent Ember as her listing agent. Ashley is the buyer, and Trinity represents her. What duties do you owe Trinity?
A.   The duty of confidentiality
B.   The duty of loyalty
C.   The same duties you owe Ember
D.   Honesty and fairness
Question #2
In a real estate transaction, which two parties are owed the same duties?
A.   Clients and other parties
B.   Clients and cooperating agents
C.   Clients and customers
D.   Customers and other parties
Question #3
Your seller client needs to sell as soon as possible. How should you respond if a prospective buyer asks you whether your seller is firm on price?
A.   "The seller believes the home is priced fairly. I suggest you write your highest and best offer."
B.   "The seller would probably be willing to entertain any offer."
C.   "The seller is highly motivated."
D.   "I don't know."
Question #4
Jack is a licensee employed by Steve, a real estate broker. Jack just heard that the brokerage is representing a well-known professional athlete looking for a new property. He tells a couple of his friends, who happen to be avid fans. Which duty did Jack break?
A.   Reasonable skill and care
B.   Disclosure
C.   Accounting
D.   Confidentiality

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