Real Estate Agency Law practice questions

Question: Imputed knowledge septic.

Answer Choices:
Yes
No

Answer: Yes

Question: Agency created by POA.

Answer Choices:
True
False

Answer: True

Question: Miguel is what type of agent?

Answer Choices:
General
Special
Apparent
Universal

Answer: Special

Question: Property management agency type.

Answer Choices:
A/B/C/D

Answer: General agent

Question: Express vs actual authority.

Answer Choices:
True
False

Answer: False

Question: Latisha special agent.

Answer Choices:
True
False

Answer: True

Question: Nelly should say nothing.

Answer Choices:
True
False

Answer: False

Question: Silence creates implied agency.

Answer Choices:
True
False

Answer: True

Question: Match Agent / Customer / Principal.

Answer Choices:
Matching

Answer: Agent → Authorized rep; Customer → Third party; Principal → Authority giver

Question: Agent’s authority comes from principal.

Answer Choices:
True
False

Answer: True

Question: Broker vicariously liable?

Answer Choices:
Absolutely
Probably not

Answer: Probably not

Question: Accept/reject offers authority.

Answer Choices:
True
False

Answer: False

Question: Special agent has full authority.

Answer Choices:
True
False

Answer: False

Question: Buddy relationship.

Answer Choices:
A/B/C/D

Answer: Can list as many as allowed

Question: Common vs statutory law.

Answer Choices:
True
False

Answer: False

Question: Broker liable for discrimination.

Answer Choices:
True
False

Answer: True

Question: Agency by ratification example.

Answer Choices:
True
False

Answer: True