Aceable Law of Agency Review Exam
2026 – Updated Questions with 100%
Verified Correct Answers
Which of these illustrates a person exercising their surface rights? a. Lena builds
✓ a. Lena builds a yoga
a yoga shed in her backyard b. Laurence sells the right to extract gas... c. Leticia
her backyard
drills a well... d. Lou goes wakeboarding in the lake...
✓ the duty of confidenti
A fiduciary duty that never terminates is:
and the duty of accoun
The protected classes in the Fair Housing Act of 1968 include race, color,
✓ Familial Status
religion, national origin, sex, disability, and what other category?
✓ The Community
What federal act was passed to help eliminate redlining?
Reinvestment Act
✓ a non-exclusive/not f
A buyer is not required to pay commission for the services rendered by a broker
compensation buyer-br
under which of the following?
agreement
How to Find More Complete Study Materials
Since the search results could not provide the full set of questions, here are some suggestions
for how you might find more comprehensive materials:
• Refine Your Search: Try searching for more specific phrases like "Aceable Law of Agency
Practice Test PDF" or "Aceable Agent Law of Agency Quizlet" on search engines. This
might lead you to interactive flashcards or downloadable documents.
• Check Official and Reputable Sources: Always prioritize official materials from Aceable
or your course portal. Additionally, well-known study platforms like Quizlet often have
user-created study sets that are extensive and use a Q&A format.
, • Verify Information: If you find other sources, be sure to cross-reference the answers.
The search results I saw contained some conflicting information. For example, while one
source states that a fiduciary duty of confidentiality and accounting never terminates,
another suggests that all fiduciary duties are ongoing. Confirming details with your
official course materials is the best way to ensure accuracy.
I hope these sample questions are a helpful starting point. If you'd like me to try searching for
different Aceable course materials or look for information on a specific real estate topic, please
let me know
CREATE 100 Q&A
Of course. Here is a created set of 100 US-formatted exam questions and answers for a "Law of
Agency Review," designed to mimic the style and content you would expect from a real estate
licensing exam prep course like Aceable.
Each correct answer is marked with a ✓.
Aceable-Style Law of Agency Review: 100 Q&A
1. The relationship between a principal and an agent is known as:
a) Fiduciary Relationship
b) Contractual Relationship
c) Customer Relationship
d) Tenancy Relationship
✓ a) Fiduciary Relationship
2. A real estate broker is always the agent of:
a) The buyer
b) The seller
c) The party who pays them
d) The principal who hires them
✓ d) The principal who hires them
3. The fiduciary duty that requires the agent to be honest and reveal all known facts that are
material to the transaction is:
a) Obedience
b) Disclosure
c) Accountability
,d) Reasonable Care
✓ b) Disclosure
4. A buyer who works with a real estate agent but has not signed a representation agreement
is typically considered a:
a) Client
b) Customer
c) Principal
d) Fiduciary
✓ b) Customer
5. The document that creates an agency relationship between a broker and a seller is the:
a) Purchase Agreement
b) Listing Agreement
c) Buyer Agency Agreement
d) Property Disclosure Form
✓ b) Listing Agreement
6. Which of the following is NOT a fiduciary duty owed by an agent to a principal?
a) Obedience
b) Confidentiality
c) Reasonable Care
d) Courtesy
✓ d) Courtesy
7. When an agent makes an unauthorized act that harms the principal, it is a breach of the
duty of:
a) Loyalty
b) Obedience
c) Disclosure
d) Accounting
✓ b) Obedience
8. A dual agency situation occurs when:
a) An agent represents both the buyer and the seller in the same transaction.
b) Two agents from the same brokerage represent the buyer and seller.
c) An agent has more than one client.
d) All of the above.
✓ d) All of the above.
, 9. For a dual agency to be legal, what must occur?
a) It must be disclosed to and consented by both parties.
b) The broker must reduce the commission.
c) It must be approved by the state real estate commission.
d) It is never legal.
✓ a) It must be disclosed to and consented by both parties.
10. The type of agency where the agent's authority is clearly stated in a written agreement is:
a) Implied Agency
b) Express Agency
c) Ostensible Agency
d) Universal Agency
✓ b) Express Agency
11. An agent accidentally makes a false statement about the property's square footage. This is
a violation of:
a) Intentional Misrepresentation
b) Puffing
c) Negligent Misrepresentation
d) Fraud
✓ c) Negligent Misrepresentation
12. "This is the best view in the entire city!" is an example of:
a) Misrepresentation
b) Puffing
c) Fraud
d) Breach of Contract
✓ b) Puffing
13. The process of placing client funds into a separate account is called:
a) Commingling
b) Conversion
c) Escrow
d) Trust Accounting
✓ d) Trust Accounting
14. It is illegal for a broker to mix a client's earnest money deposit with their personal
business operating account. This is known as:
a) Conversion
b) Commingling
2026 – Updated Questions with 100%
Verified Correct Answers
Which of these illustrates a person exercising their surface rights? a. Lena builds
✓ a. Lena builds a yoga
a yoga shed in her backyard b. Laurence sells the right to extract gas... c. Leticia
her backyard
drills a well... d. Lou goes wakeboarding in the lake...
✓ the duty of confidenti
A fiduciary duty that never terminates is:
and the duty of accoun
The protected classes in the Fair Housing Act of 1968 include race, color,
✓ Familial Status
religion, national origin, sex, disability, and what other category?
✓ The Community
What federal act was passed to help eliminate redlining?
Reinvestment Act
✓ a non-exclusive/not f
A buyer is not required to pay commission for the services rendered by a broker
compensation buyer-br
under which of the following?
agreement
How to Find More Complete Study Materials
Since the search results could not provide the full set of questions, here are some suggestions
for how you might find more comprehensive materials:
• Refine Your Search: Try searching for more specific phrases like "Aceable Law of Agency
Practice Test PDF" or "Aceable Agent Law of Agency Quizlet" on search engines. This
might lead you to interactive flashcards or downloadable documents.
• Check Official and Reputable Sources: Always prioritize official materials from Aceable
or your course portal. Additionally, well-known study platforms like Quizlet often have
user-created study sets that are extensive and use a Q&A format.
, • Verify Information: If you find other sources, be sure to cross-reference the answers.
The search results I saw contained some conflicting information. For example, while one
source states that a fiduciary duty of confidentiality and accounting never terminates,
another suggests that all fiduciary duties are ongoing. Confirming details with your
official course materials is the best way to ensure accuracy.
I hope these sample questions are a helpful starting point. If you'd like me to try searching for
different Aceable course materials or look for information on a specific real estate topic, please
let me know
CREATE 100 Q&A
Of course. Here is a created set of 100 US-formatted exam questions and answers for a "Law of
Agency Review," designed to mimic the style and content you would expect from a real estate
licensing exam prep course like Aceable.
Each correct answer is marked with a ✓.
Aceable-Style Law of Agency Review: 100 Q&A
1. The relationship between a principal and an agent is known as:
a) Fiduciary Relationship
b) Contractual Relationship
c) Customer Relationship
d) Tenancy Relationship
✓ a) Fiduciary Relationship
2. A real estate broker is always the agent of:
a) The buyer
b) The seller
c) The party who pays them
d) The principal who hires them
✓ d) The principal who hires them
3. The fiduciary duty that requires the agent to be honest and reveal all known facts that are
material to the transaction is:
a) Obedience
b) Disclosure
c) Accountability
,d) Reasonable Care
✓ b) Disclosure
4. A buyer who works with a real estate agent but has not signed a representation agreement
is typically considered a:
a) Client
b) Customer
c) Principal
d) Fiduciary
✓ b) Customer
5. The document that creates an agency relationship between a broker and a seller is the:
a) Purchase Agreement
b) Listing Agreement
c) Buyer Agency Agreement
d) Property Disclosure Form
✓ b) Listing Agreement
6. Which of the following is NOT a fiduciary duty owed by an agent to a principal?
a) Obedience
b) Confidentiality
c) Reasonable Care
d) Courtesy
✓ d) Courtesy
7. When an agent makes an unauthorized act that harms the principal, it is a breach of the
duty of:
a) Loyalty
b) Obedience
c) Disclosure
d) Accounting
✓ b) Obedience
8. A dual agency situation occurs when:
a) An agent represents both the buyer and the seller in the same transaction.
b) Two agents from the same brokerage represent the buyer and seller.
c) An agent has more than one client.
d) All of the above.
✓ d) All of the above.
, 9. For a dual agency to be legal, what must occur?
a) It must be disclosed to and consented by both parties.
b) The broker must reduce the commission.
c) It must be approved by the state real estate commission.
d) It is never legal.
✓ a) It must be disclosed to and consented by both parties.
10. The type of agency where the agent's authority is clearly stated in a written agreement is:
a) Implied Agency
b) Express Agency
c) Ostensible Agency
d) Universal Agency
✓ b) Express Agency
11. An agent accidentally makes a false statement about the property's square footage. This is
a violation of:
a) Intentional Misrepresentation
b) Puffing
c) Negligent Misrepresentation
d) Fraud
✓ c) Negligent Misrepresentation
12. "This is the best view in the entire city!" is an example of:
a) Misrepresentation
b) Puffing
c) Fraud
d) Breach of Contract
✓ b) Puffing
13. The process of placing client funds into a separate account is called:
a) Commingling
b) Conversion
c) Escrow
d) Trust Accounting
✓ d) Trust Accounting
14. It is illegal for a broker to mix a client's earnest money deposit with their personal
business operating account. This is known as:
a) Conversion
b) Commingling
