CA Real Estate Principles Course » 2021 » Section 4 Unit 3 Exam

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Question #1
Ginnie's Aunt Becca listed the old family mansion with Ginnie. Ginnie put it on the market for Becca, but then she and her cousins talked with Becca and decided they wanted to keep the property in the family. What's the best way to terminate the agreement?
A.   Becca should revoke the listing.
B.   They should wait for the listing to expire.
C.   Ginnie and Becca can mutually agree to terminate the agreement.
D.   Ginnie should renounce the listing.
Question #2
Many of an agent’s fiduciary duties to the client end upon termination of an agency agreement. Which fiduciary duty never ends?
A.   Loyalty
B.   Confidentiality
C.   Obedience
D.   Reasonable skill and care
Question #3
Joe signed a listing agreement with Marisa. A week later, Marisa’s co-worker, Tina, showed Joe a property that he’s interested in buying once his home sells. A week after that, Ross submitted an offer on Joe’s property on behalf of his buyer client. Who is Joe’s agent?
A.   Joe doesn't have an agent.
B.   Marisa
C.   Ross
D.   Tina
Question #4
Agency may be legally terminated in which of the following ways?
A.   The principal broker becomes incapacitated.
B.   The agent finds a better client.
C.   The client changes plans.
D.   The client changes financing.

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