Transcription of Real Estate Practice, Seventh Edition Quizzes
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Real Estate Practice, Seventh Edition Quizzes
Quizzes 645 Real Estate Practice, Seventh Edition QuizzesInstructions: Quizzes are open book. All answers are True/False or Multiple Choice. Answer key is located on Page 657. Quiz 1 Chapters 1-6, Pages 1-52 ____ 1. When testing the conduct of an agent while engaged in real Estate related activities, the independent contractor (IC) provision in the broker-agent employment agreement cannot and does not change the sales agent s classification as: a. an agent of the client. b. an agent of the broker. c. Both a and b. d. Neither a nor b. ____ 2. An outside salesperson is defined as a person who regularly works: a. more than half of their time away from their place of employment. b. less than half of their time away from their place of employment. c. Both a and b. d. Neither a nor b. ____ 3. An agent needs to collect income data during an interview with a prospective broker, including: a. the number of sales the agent is likely to close during their first year.
646 Real Estate Practice, Seventh Edition ____ 9. A broker must disclose to their seller the existence of an indirect interest one of the broker’s agents holds in the property.
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