7 Questions
What is the term used to describe an exaggeration of a property's features that does not constitute misrepresentation?
Puffing
Which of the following is NOT a duty of the principal in an agency relationship?
Skill and Care
What duty of the principal involves following the instructions of the principal fully?
Obedience
Which of the following is an example of a duty of an agent in a real estate transaction?
Securing finance for a purchaser
In an agency relationship, what is the term for representing the principal as agents would represent themselves?
Skill and Care
Which of the following is a function of a real estate agent related to development land?
Negotiations with prospective vendors or purchasers
What is the duty of the agent that involves never subordinating the best interest of the principal?
Loyalty
Learn about the principles of Estate Agency and the role of an estate agent in society. Prepare for assessments with a two-hour written exam and a one-hour mid-semester exam.
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