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. What is the agent's fiduciary obligation?
3. An agent who has been granted the authority to perform all acts that the principal could perform themselves is
4. An agency relationship that is created by a principal's actions leading a third party to reasonably believe an
5. An agent's power to bind a principal to a contract is known as their:
6. If a seller instructs an agent to hide a known material defect in the property, the agent must refuse based on
7. A buyer's agent is aware that their client has a maximum budget of $450,000 but the agent manages to negotiate
8. A 'Special Agency' relationship, such as a typical listing agreement, usually ends when the transaction closes
9. A dual agent is working with a seller who is in a rush to re… — What must the agent do with this information?
10. The broker should:
11. What is the effect on the broker's active listings?
12. A real estate salesperson is working with a buyer who has no… — To whom does the salesperson owe the duty of l
13. In a situation where an agency was created by 'Ratification', the relationship formally began:
14. If a person acts as an agent without prior authorization and the principal later accepts the benefits of those
15. In which type of agency creation does the principal's silence or failure to object play a key role in protecti
16. What is the legal status of the agency relationship?
17. An 'agency coupled with an interest' is a rare situation where the agent has a financial stake in the property
18. A broker lists a property for a client. A week later, the broker's daughter-in-law makes an offer on the prope
19. If a broker acts as a transaction coordinator (facilitator) and does not represent either the buyer or the sel
20. Under traditional sub-agency, to whom does the second broker owe fiduciary duties?
21. A broker is representing a seller. A neighboring property is… — The broker must disclose this to the seller be
22. What must the agent be careful to avoid?
23. An agent who works for a buyer without a written contract, but behaves in a manner that leads the buyer to bel
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 standard real estate transaction, to whom does the agent owe the full range of fiduciary duties?
27. An agent's duty of confidentiality to a principal terminates at what point?
28. What happens to the salesperson's current listings?
29. An agent is representing a seller. A buyer-customer asks, 'Is this a quiet neighborhood?' The agent knows that
30. Which duty has been violated?