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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?

Securing finance for a purchaser (B) Signup and view all the answers

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

Skill and Care (C) Signup and view all the answers

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

Negotiations with prospective vendors or purchasers (C) Signup and view all the answers

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

Loyalty (C) Signup and view all the answers