ASREB NATIONAL TEST B-2 QUESTIONS AND
ACCURATE ANSWERS
All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - Answers - Houses of worship
A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - Answers - Special
A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - Answers - Honesty
In a listing agreement, the seller would be the:
Employer
Employee
Agent
Subagent - Answers - Employer
A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - Answers - General
Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - Answers - Exaggerated opinion
A listing broker is given personal and private information from the seller about the seller.
How long must the broker keep the information confidential?
Until the listing expires
, 5 years
90-days from close of escrow
Forever - Answers - Forever
What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - Answers - Customer
A listing broker receives several offers at the same time. The broker should:
Present only the best
Present all the offers
Present the three best
Wait for more offers before presenting to the seller - Answers - present all the offers
What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - Answers - General agent
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - Answers - Full disclosure of all material facts
A seller gives a salesperson the right to sell and make other decisions regarding the
property - this is called:
Special agent
Implied agent
Ostensible agent
General agent - Answers - General agent
A seller lists a property, sells it himself, and does not have to pay a commission. What
kind of listing did the seller sign?
Exclusive right to sell
Exclusive agency
Net listing
Gross listing - Answers - Exclusive agency
When does a salesperson have a listing?
When the listing is signed
When they agree on a price
When it is put in multiple listing
ACCURATE ANSWERS
All of the following would be included in a listing EXCEPT:
Zoning
Houses of worship
Property taxes
Property address - Answers - Houses of worship
A real estate broker is normally what type of agent?
Special
General
Implied
Ostensible - Answers - Special
A broker's duty to a third party would be
Fiduciary
Honesty
Constructive
Actual - Answers - Honesty
In a listing agreement, the seller would be the:
Employer
Employee
Agent
Subagent - Answers - Employer
A salesperson represents a seller in all real estate matters. This agency is called:
Specific
General
Universal
Implied - Answers - General
Puffing would mean:
Exaggerated illegal act
Exaggerated facts
Exaggerated opinion
Buyer beware - Answers - Exaggerated opinion
A listing broker is given personal and private information from the seller about the seller.
How long must the broker keep the information confidential?
Until the listing expires
, 5 years
90-days from close of escrow
Forever - Answers - Forever
What is the relationship of the potential buyer to a listing broker?
Customer
General agent
Implied agent
Agent by necessity - Answers - Customer
A listing broker receives several offers at the same time. The broker should:
Present only the best
Present all the offers
Present the three best
Wait for more offers before presenting to the seller - Answers - present all the offers
What is the relationship of the licensee to the broker?
Special agent
General agent
Universal agent
Estoppel agent - Answers - General agent
Broker's duty to a third party is:
Fiduciary
Full disclosure of all material facts
Client relationship
Loyalty - Answers - Full disclosure of all material facts
A seller gives a salesperson the right to sell and make other decisions regarding the
property - this is called:
Special agent
Implied agent
Ostensible agent
General agent - Answers - General agent
A seller lists a property, sells it himself, and does not have to pay a commission. What
kind of listing did the seller sign?
Exclusive right to sell
Exclusive agency
Net listing
Gross listing - Answers - Exclusive agency
When does a salesperson have a listing?
When the listing is signed
When they agree on a price
When it is put in multiple listing
