Estate Agency Module Overview
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Questions and Answers

What is the term used to describe an exaggeration of a property's features that does not constitute misrepresentation?

  • Puffing (correct)
  • Exaggeration
  • Inflation
  • Overstatement

Which of the following is NOT a duty of the principal in an agency relationship?

  • Disclosure
  • Skill and Care (correct)
  • Confidentiality
  • Paying the agent the agreed remuneration

What duty of the principal involves following the instructions of the principal fully?

  • Confidentiality
  • Obedience (correct)
  • Loyalty
  • Disclosure

Which of the following is an example of a duty of an agent in a real estate transaction?

<p>Securing finance for a purchaser (B)</p> Signup and view all the answers

In an agency relationship, what is the term for representing the principal as agents would represent themselves?

<p>Skill and Care (C)</p> Signup and view all the answers

Which of the following is a function of a real estate agent related to development land?

<p>Negotiations with prospective vendors or purchasers (C)</p> Signup and view all the answers

What is the duty of the agent that involves never subordinating the best interest of the principal?

<p>Loyalty (C)</p> Signup and view all the answers

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