agency — National Real Estate Exam Practice Questions

71 free National Real Estate Exam questions on agency: 22 easy, 43 medium, and 6 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn agency from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. If a broker's trust account contains earnest money for ten different transactions, and the broker uses funds f
2. An agency relationship that is created by a principal's actions leading a third party to reasonably believe an
3. An agent's power to bind a principal to a contract is known as their:
4. If a broker acts as a transaction coordinator (facilitator) and does not represent either the buyer or the sel
5. If a person acts as an agent without prior authorization and the principal later accepts the benefits of those
6. If a seller instructs an agent to hide a known material defect in the property, the agent must refuse based on
7. In a standard real estate transaction, to whom does the agent owe the full range of fiduciary duties?
8. In which type of agency creation does the principal's silence or failure to object play a key role in protecti
9. Under traditional sub-agency, to whom does the second broker owe fiduciary duties?
10. What is the legal status of the agency relationship?
11. What is the effect on the broker's active listings?
12. A broker is representing a seller. A neighboring property is rezoned to allow for a noisy industrial plant. Th
13. A buyer's agent is aware that their client has a maximum budget of $450,000 but the agent manages to negotiate
14. What is the agent's fiduciary obligation?
15. What must the agent be careful to avoid?
16. A dual agent is working with a seller who is in a rush to re… — What must the agent do with this information?
17. An 'agency coupled with an interest' is a rare situation where the agent has a financial stake in the property
18. An agent's duty of confidentiality to a principal terminates at what point?
19. An agent who has been granted the authority to perform all acts that the principal could perform themselves is
20. An agent who works for a buyer without a written contract, but behaves in a manner that leads the buyer to bel
21. A real estate salesperson is working with a buyer who has no… — To whom does the salesperson owe the duty of l
22. What happens to the salesperson's current listings?
23. A 'Special Agency' relationship, such as a typical listing agreement, usually ends when the transaction closes
24. If a broker's client dies while a listing agreement is still in effect, what is the status of the agency relat
25. In a consensual dual agency, which piece of information is the agent strictly prohibited from disclosing to th
26. In a situation where an agency was created by 'Ratification', the relationship formally began:
27. A broker is holding an earnest money deposit for a transaction that has fallen through. Both the buyer and the
28. A broker lists a property for a client. A week later, the broker's daughter-in-law makes an offer on the prope
29. A buyer's agent is asked by his client if the property has ever had water in the basement. The agent knows fro
30. A buyer's agent represents a client who has a limited budget. The agent finds a 'For Sale By Owner' property t