PRINCIPLES 1 REAL ESTATE CHAMPION SCHOOL LATEST 2025
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
Intermediary Relationships - ANSWER-Broker reps both the buyer
and seller Broker remains neutral and avoids negotiating. The
broker must first get written consent of both parties
Intermediary with appointments - ANSWER-The appointed
associate will give advice and opinion (which means negotiate) to
their respective parties. The broker must make the appointments
in writing using the Intermediary Relationship Notice
Intermediary without appointments - ANSWER-Agent will have the
opportunity to sell their own listing
Disclosure of Representation - ANSWER-At first contact with a
party to a potential transaction a license holder must disclose to
that party whom they represent (orally or in writing at 1st contact)
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IABS (Information about Brokerage Services) - ANSWER-
Provides customers with information regarding agency
relationships with licensees. All potential parties to a transaction
must be provided with the IABS at the first substantive (any
information given that is not easily accessed by public records)
discussion. A substantive discussion doesn't always occur at the
first face-to-face meeting. Form is signed prior to listing or
showing of properties
Federal Fair Housing Laws - ANSWER-Housing should be
available to all on an equal basis, subject only to the purchaser's
ability to pay (Age is not a protected category under this law)
Steering (channeling) - ANSWER-Taking buyers or renters to or
away from a particular area based on the race, religion, etc. of the
buyer or renter (most common complaint under law)
Blockbusting (panic peddling) - ANSWER-Any attempt to induce
panic selling in a neighborhood for financial gain