MLS TESTS COMPILATION BUNDLE 2026
ALL IN ONE PRACTICE BANK DETAILED
QUESTIONS AND SOLUTIONS GRADED A+
⩥ The Federal Trade Commission Act includes rules to encourage what
four kinds of advertising?
Answer: 1. truthful
2. non-deceptive
3. evidence-based
4. fair
⩥ deceptive ads
Answer: Omits material information or contains statements that are
important and are likely to mislead consumers acting reasonably
⩥ unfair ads
Answer: Causes or is likely to cause substantial consumer injury that
couldn't be reasonably avoided and that isn't outweighed by the benefits
⩥ The FTC pays particular attention to two types of advertisements.
What are they?
Answer: 1. health and safety claims
2. ads that are difficult for consumers to evaluate
,⩥ The resource discusses several avenues for marketing. Which of the
following are appropriate ways to market a listing?
Answer: 1.MLS
2. Social media
3.Craigslist
4.Direct mail
5.For sale sign
6.Open houses
⩥ puffing
Answer: involves a bit of hyperbole (exaggeration)
-An example would be: "This has to be the deal of the century."
-Puffing enters the realm of misrepresentation and fraud when you
intentionally state falsehoods about a property.
⩥ negligence
Answer: - Buyers often sue their agents for negligence because they
believe the agent should have known something or did know something
that the agent failed to disclose, the agent took an adverse action that
harmed the buyer, or the agent failed to take action when the agent
should have, which harmed the buyer.
- is failing in the duty of care
, ⩥ what is this an example of?
Failing to present an offer on behalf of a buyer client in a timely manner,
which results in the seller accepting an offer from another buyer
Answer: negligence
⩥ what is this an example of?
Failing to notify the buyer of the importance of having a professional
home inspection, which would have uncovered material defects that
would have caused the buyer to either offer less for the property or
rescind the offer
Answer: negligence
⩥ Negligent misrepresentation
Answer: an occur when someone makes a statement that they should
have known was false.
⩥ intentional misrepresentation
Answer: Fraud and intentional misrepresentation are essentially the
same thing, and mean not only should the person have known better, but
they did know better and intentionally remained silent or misstated the
facts.
ALL IN ONE PRACTICE BANK DETAILED
QUESTIONS AND SOLUTIONS GRADED A+
⩥ The Federal Trade Commission Act includes rules to encourage what
four kinds of advertising?
Answer: 1. truthful
2. non-deceptive
3. evidence-based
4. fair
⩥ deceptive ads
Answer: Omits material information or contains statements that are
important and are likely to mislead consumers acting reasonably
⩥ unfair ads
Answer: Causes or is likely to cause substantial consumer injury that
couldn't be reasonably avoided and that isn't outweighed by the benefits
⩥ The FTC pays particular attention to two types of advertisements.
What are they?
Answer: 1. health and safety claims
2. ads that are difficult for consumers to evaluate
,⩥ The resource discusses several avenues for marketing. Which of the
following are appropriate ways to market a listing?
Answer: 1.MLS
2. Social media
3.Craigslist
4.Direct mail
5.For sale sign
6.Open houses
⩥ puffing
Answer: involves a bit of hyperbole (exaggeration)
-An example would be: "This has to be the deal of the century."
-Puffing enters the realm of misrepresentation and fraud when you
intentionally state falsehoods about a property.
⩥ negligence
Answer: - Buyers often sue their agents for negligence because they
believe the agent should have known something or did know something
that the agent failed to disclose, the agent took an adverse action that
harmed the buyer, or the agent failed to take action when the agent
should have, which harmed the buyer.
- is failing in the duty of care
, ⩥ what is this an example of?
Failing to present an offer on behalf of a buyer client in a timely manner,
which results in the seller accepting an offer from another buyer
Answer: negligence
⩥ what is this an example of?
Failing to notify the buyer of the importance of having a professional
home inspection, which would have uncovered material defects that
would have caused the buyer to either offer less for the property or
rescind the offer
Answer: negligence
⩥ Negligent misrepresentation
Answer: an occur when someone makes a statement that they should
have known was false.
⩥ intentional misrepresentation
Answer: Fraud and intentional misrepresentation are essentially the
same thing, and mean not only should the person have known better, but
they did know better and intentionally remained silent or misstated the
facts.
