Legal Aspects Questions #2 with
Correct Answers
A legal agency requires that.. - ANSWER✔️✔️-The parties consent to the agency
An agency relationship cannot be created by.. - ANSWER✔️✔️-Court Order
(Must be Consensual)
The relationship that exists between a broker and an owner under a listing is most likely a(n).. -
ANSWER✔️✔️-Special Agency
(To procure buyer or property)
An agency created by a principal who intentionally, or by want of ordinary care, causes a third
person to believe another to be his or her agent who is not really employed by him or her would be
a(n).. - ANSWER✔️✔️-Ostensible Agency
You made a statement that induced a person to act in reliance on that statement. The legal principle
that now prevents you from asserting facts that are contrary to your previous declaration is known
as.. - ANSWER✔️✔️-Estoppel
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 1
, Broker Thomas, who was not your agent, told prospective tenants that he was your agent to lease
your property. Thomas leased your property, and you accepted the rent from the tenant. You
CANNOT now deny the agency because of.. - ANSWER✔️✔️-Ratification
(You accepted benefits)
An undisclosed agent breached a contract with a third party. Which of the following is a true
statement as to liability for the breach?
A. The agent could be held personally liable
B. The principal could be held liable
C. The agent and principal would be jointly liable
D. Both A & B - ANSWER✔️✔️-D. Both A & B
(But only one of them)
A selling agent can represent.. - ANSWER✔️✔️-A buyer, seller, or both.
A real estate agency disclosure form is NOT required to be given to the buyer and seller of a(n).. -
ANSWER✔️✔️-Office building
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 2
Correct Answers
A legal agency requires that.. - ANSWER✔️✔️-The parties consent to the agency
An agency relationship cannot be created by.. - ANSWER✔️✔️-Court Order
(Must be Consensual)
The relationship that exists between a broker and an owner under a listing is most likely a(n).. -
ANSWER✔️✔️-Special Agency
(To procure buyer or property)
An agency created by a principal who intentionally, or by want of ordinary care, causes a third
person to believe another to be his or her agent who is not really employed by him or her would be
a(n).. - ANSWER✔️✔️-Ostensible Agency
You made a statement that induced a person to act in reliance on that statement. The legal principle
that now prevents you from asserting facts that are contrary to your previous declaration is known
as.. - ANSWER✔️✔️-Estoppel
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 1
, Broker Thomas, who was not your agent, told prospective tenants that he was your agent to lease
your property. Thomas leased your property, and you accepted the rent from the tenant. You
CANNOT now deny the agency because of.. - ANSWER✔️✔️-Ratification
(You accepted benefits)
An undisclosed agent breached a contract with a third party. Which of the following is a true
statement as to liability for the breach?
A. The agent could be held personally liable
B. The principal could be held liable
C. The agent and principal would be jointly liable
D. Both A & B - ANSWER✔️✔️-D. Both A & B
(But only one of them)
A selling agent can represent.. - ANSWER✔️✔️-A buyer, seller, or both.
A real estate agency disclosure form is NOT required to be given to the buyer and seller of a(n).. -
ANSWER✔️✔️-Office building
FOR STUDY PURPOSES ONLY COPYRIGHT © 2025 ALL RIGHTS RESERVED 2
