ASREB National Test B-8 Questions
and Answers 100% Pass
When a person is chosen by the parties in a real estate transaction to give an opinion
that is not binding on the parties, this person is called:
Interpleader
Arbitrator
Judge
Mediator - ✔✔Mediator
A person is selected to settle a dispute between a buyer and seller. The decision will be
binding on all parties. This person is called:
Arbitrator
Middle man
Trustee
Executor - ✔✔Arbitrator
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, A broker runs an ad for a salesperson to work certain hours and holidays. This
salesperson would most likely be considered:
Employee
Part-time sub-agent
Independent contractor
Dual agent - ✔✔Employee
A brokerage house has hourly wage staff and commissioned sales people that set their
own hours. Which of the following best describes the relationship?
Hourly group are employees; sales people are independent contractors
Both are independent contractors
Both are employees
Hourly group are independent contractors and commission sales people are employees
- ✔✔Hourly group are employees; sales people are independent contractors
Professional conduct states that licensee owns his principal fiduciary and integrity. If a
licensee tells a buyer in writing that if he buys he is assured of making a profit when it
is resold, which of the following is true?
The contract will be voided
Licensee may have his license suspended
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and Answers 100% Pass
When a person is chosen by the parties in a real estate transaction to give an opinion
that is not binding on the parties, this person is called:
Interpleader
Arbitrator
Judge
Mediator - ✔✔Mediator
A person is selected to settle a dispute between a buyer and seller. The decision will be
binding on all parties. This person is called:
Arbitrator
Middle man
Trustee
Executor - ✔✔Arbitrator
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, A broker runs an ad for a salesperson to work certain hours and holidays. This
salesperson would most likely be considered:
Employee
Part-time sub-agent
Independent contractor
Dual agent - ✔✔Employee
A brokerage house has hourly wage staff and commissioned sales people that set their
own hours. Which of the following best describes the relationship?
Hourly group are employees; sales people are independent contractors
Both are independent contractors
Both are employees
Hourly group are independent contractors and commission sales people are employees
- ✔✔Hourly group are employees; sales people are independent contractors
Professional conduct states that licensee owns his principal fiduciary and integrity. If a
licensee tells a buyer in writing that if he buys he is assured of making a profit when it
is resold, which of the following is true?
The contract will be voided
Licensee may have his license suspended
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
