CA Real Estate Principles Course » 2021 » Section 4 Unit 2 Exam

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Question #1
Alex’s client doesn’t want prospective buyers to track dirt and mud throughout her clean home. She asks Alex to place a box of booties by the front door with a sign asking visitors to wear the booties while viewing the home. Alex does as his client instructs—no questions asked. What fiduciary duty is this an example of?
A.   The duty of accounting
B.   The duty of obedience
C.   The duty of loyalty
D.   The duty of reasonable skill and care
Question #2
What does the letter R in the acronym for fiduciary duties (OLD CAR) stand for?
A.   Respect
B.   Rationality
C.   Responsibility
D.   Reasonable skill and care
Question #3
Specifically, what does the fiduciary duty of disclosure relate to?
A.   Adverse material facts and publicly recorded facts only
B.   Conflicts of interest, material facts, and adverse material facts
C.   Conflicts of interest and confidential information only
D.   Material facts and adverse material facts only
Question #4
Which of the following statements about the fiduciary duty of confidentiality is true?
A.   It never conflicts with the duty of disclosure.
B.   It ends with the termination of the agency agreement.
C.   It doesn't extend to material facts relating to the property.
D.   It encompasses any and all information the client tells the agent, not just confidential information.

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