PERRY REAL ESTATE MODULE TWO
TEST
In-assessing-the-buyer's-wants-and-needs,-the-buyer's-agent-should-inquire-about-all-of-
the-following-EXCEPT:---ans-✔✔Criminal-history-(income,-credit,-and-location-in-which-
you-want-to-live)
True-or-false:-REALTORS,-when-acting-as-principals-in-a-real-estate-transaction,-remain-
obligated-by-the-duties-imposed-by-the-Code-of-Ethics.---ans-✔✔True
________-may-create-an-undisclosed-dual-agency-unintentionally,-inadvertently-or-
accidentally.---ans-✔✔Implied-agency
A-buyer's-agent-should-pre-screen-the-buyer-to-determine-what-areas-of-town-the-buyer-is-
interested-in-seeing.-If-the-agent-does-not-show-the-buyer-properties-in-this-area,-the-
agent-has-breached-the-duty-of-______.---ans-✔✔Obedience-of-lawful-instructions
Within-what-discipline-is-the-study-of-ethics?---ans-✔✔Philosophy-(within-the-discipline-of-
philosophy,-the-study-of-ethics-examine-right-and-wrong-moral-behavior)
The-principle-of-caveat-emptor-has-largely-been-superseded-by-what?---ans-✔✔Seller-
disclosure-laws
The-concept-of-ethics-was-derived-from-the-___-word-"ethos",-which-means-character,-
habit,-disposition-or-custom.---ans-✔✔Greek
The-salesperson-received-$2,800-commission-on-her-35-percent-share-of-the-total-
commission-of-the-sale-of-the-property-that-sold-for-$160,000.-What-was-the-commission-
rate?---ans-✔✔5-percent-($2,800-divided-by-.35=-$8,000-is-the-total-commission-before-
the-agent-split.-$8,000-divided-by-$160,000-=-.05%-is-the-commission-rate.)
Some-states-require-agents-to-provide-minimum-services-on-listings.-These-services-
include-all-of-the-following-except:---ans-✔✔Showing-the-property*
-(Assisting-in-negotiating-counteroffers,-presenting-offers,-showing-the-property,-
answering-questions)
TEST
In-assessing-the-buyer's-wants-and-needs,-the-buyer's-agent-should-inquire-about-all-of-
the-following-EXCEPT:---ans-✔✔Criminal-history-(income,-credit,-and-location-in-which-
you-want-to-live)
True-or-false:-REALTORS,-when-acting-as-principals-in-a-real-estate-transaction,-remain-
obligated-by-the-duties-imposed-by-the-Code-of-Ethics.---ans-✔✔True
________-may-create-an-undisclosed-dual-agency-unintentionally,-inadvertently-or-
accidentally.---ans-✔✔Implied-agency
A-buyer's-agent-should-pre-screen-the-buyer-to-determine-what-areas-of-town-the-buyer-is-
interested-in-seeing.-If-the-agent-does-not-show-the-buyer-properties-in-this-area,-the-
agent-has-breached-the-duty-of-______.---ans-✔✔Obedience-of-lawful-instructions
Within-what-discipline-is-the-study-of-ethics?---ans-✔✔Philosophy-(within-the-discipline-of-
philosophy,-the-study-of-ethics-examine-right-and-wrong-moral-behavior)
The-principle-of-caveat-emptor-has-largely-been-superseded-by-what?---ans-✔✔Seller-
disclosure-laws
The-concept-of-ethics-was-derived-from-the-___-word-"ethos",-which-means-character,-
habit,-disposition-or-custom.---ans-✔✔Greek
The-salesperson-received-$2,800-commission-on-her-35-percent-share-of-the-total-
commission-of-the-sale-of-the-property-that-sold-for-$160,000.-What-was-the-commission-
rate?---ans-✔✔5-percent-($2,800-divided-by-.35=-$8,000-is-the-total-commission-before-
the-agent-split.-$8,000-divided-by-$160,000-=-.05%-is-the-commission-rate.)
Some-states-require-agents-to-provide-minimum-services-on-listings.-These-services-
include-all-of-the-following-except:---ans-✔✔Showing-the-property*
-(Assisting-in-negotiating-counteroffers,-presenting-offers,-showing-the-property,-
answering-questions)
