Broker Relationships and Responsibilities Review Questions with Correct Solutions Rated A+
are sellers not using a broker required to provide a RPOAD and Miner Oil and Gas? - Answers Yes, they
are under the law. Seller of Residential 1-4 unit properties are required to do so
when is first substantial contact? - Answers when the consumer begins to act as though a agency
relationship exists/ when they disclose particular needs, desires or wants about a property being sold or
purchased.
first substantial contact occurs when a reasonable person would believe that a agency agreement exists.
- Answers true
will the listing agent complete the RPOAD? - Answers they will not, they will only assist with the
paperwork.
can realtors be charged monetary damages for following federal law/ rules for being negligent with the
disclosures? - Answers no, but he can be charged civil suits and criminal prosecution.
what is the period for a seller to conduct a risk assessment for led based paint? - Answers 10 days
should all fixtures be left by the seller at closing? - Answers all fixtures should be left at closing except
those listed in the contract, also all personal property not left at closing should be explicitly state in the
contract
what from should a selling agent make sure to take to the pre listing meeting? - Answers the property
data sheet
are televisions mounted on the wall considered fixtures? - Answers yes they are.
what real estate transactions need a lead based paint disclosure? - Answers all transaction's to buy or
lease 'target housing" except foreclosures, those who have had an inspection by a certified lead program
or those leases of 100 days or less.
how should brokers verify lot size? - Answers they should walk the tract and located corners and
property lines.
should brokers verify septic system size and usability? - Answers yes they should.
should brokers review and discuss the WWREA brochure with clients? - Answers yes they should.
should brokers ask about permitting when alterations have been made to a property? - Answers They
should .
are sellers not using a broker required to provide a RPOAD and Miner Oil and Gas? - Answers Yes, they
are under the law. Seller of Residential 1-4 unit properties are required to do so
when is first substantial contact? - Answers when the consumer begins to act as though a agency
relationship exists/ when they disclose particular needs, desires or wants about a property being sold or
purchased.
first substantial contact occurs when a reasonable person would believe that a agency agreement exists.
- Answers true
will the listing agent complete the RPOAD? - Answers they will not, they will only assist with the
paperwork.
can realtors be charged monetary damages for following federal law/ rules for being negligent with the
disclosures? - Answers no, but he can be charged civil suits and criminal prosecution.
what is the period for a seller to conduct a risk assessment for led based paint? - Answers 10 days
should all fixtures be left by the seller at closing? - Answers all fixtures should be left at closing except
those listed in the contract, also all personal property not left at closing should be explicitly state in the
contract
what from should a selling agent make sure to take to the pre listing meeting? - Answers the property
data sheet
are televisions mounted on the wall considered fixtures? - Answers yes they are.
what real estate transactions need a lead based paint disclosure? - Answers all transaction's to buy or
lease 'target housing" except foreclosures, those who have had an inspection by a certified lead program
or those leases of 100 days or less.
how should brokers verify lot size? - Answers they should walk the tract and located corners and
property lines.
should brokers verify septic system size and usability? - Answers yes they should.
should brokers review and discuss the WWREA brochure with clients? - Answers yes they should.
should brokers ask about permitting when alterations have been made to a property? - Answers They
should .
