Real Estate U Exam 1 Questions and Answers 100% Correct
Real Estate U Exam 1 Questions and Answers 100% CorrectReal Estate U Exam 1 Questions and Answers 100% CorrectReal Estate U Exam 1 Questions and Answers 100% CorrectReal Estate U Exam 1 Questions and Answers 100% CorrectReal Estate U Exam 1 Questions and Answers 100% Correct Which of the following individuals is NOT required to have a real estate license? A.A real estate salesperson B.A real estate broker C.An associate real estate broker D.An attorney admitted to the NY State Bar - ANSWER-An attorney admitted to the NY State Bar If a real estate salesperson violates Article 12-A of the Real Property Law, they shall be guilty of a/an...? A.Misdemeanor B.Felony C.Criminal crime D.Civil crime - ANSWER-Misdemeanor According to this fiduciary duty, the agent must put the interests of the client above their own interests? A.Confidentiality B.Obedience C.Accountability D.Loyalty - ANSWER-Loyalty Someone in a position of great trust serves as a/an...? A.Customer B.Fiduciary C.Cooperating agent D.Sub-agent - ANSWER-Fiduciary This type of agency is created when a principal does not stop an individual from representing his or her interests? A.Agency by estoppel B.General agency C.Universal agency D.Express agency - ANSWER-Agency by estoppel A licensee is guilty of what if they conceal a material fact from the prospective buyer? A.Misrepresentation B.Material misstatement C.Commingling D.Misappropriation - ANSWER-Misrepresentation
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