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35 multiple-choice questions and 28 flashcards on Agency & Brokerage Relationships, about 4% of the Real Estate License bank. Every one carries a written rationale.
Agency & Brokerage Relationships is one of 13 chapters in CoStudy's Real Estate License bank, and it holds 35 of the bank's 796 multiple-choice questions — roughly 4% of the total. That proportion is not arbitrary: chapters follow the certifying body's published exam outline, and the number of questions in each is set by that domain's published weight, so the share of your practice time this chapter takes matches the share of the real exam it accounts for.
Studying by chapter is worth doing once you have a diagnostic score. A single overall percentage tells you whether you are close; it does not tell you which domain is dragging. Working a weak chapter in isolation, and re-testing it in isolation, is the fastest way to move a score that has stalled — and it is why the mock exams in CoStudy report by domain rather than as one number.
10 questions drawn from this chapter, with the full rationale shown — the controlling principle behind the right answer, and why each wrong option tempts and fails.
When does an agent's duty of confidentiality to a former principal generally END?
Answer: C — Typically survives termination indefinitely
A) Duty survives. B) Duty survives. C) Correct — survives termination. D) No 30-day rule.
Under an "exclusive right-to-sell" listing, the brokerage:
Answer: C — Earns commission on any sale
A) Broker paid regardless. B) It is a listing agreement. C) Correct — commission on any sale. D) Seller pays.
Seller-agent knows seller will accept less. When representing seller, the agent may:
Answer: B — Not disclose to any buyer at all
A) Breaches confidentiality. B) Correct — confidential info. C) Still a breach. D) Still a breach.
Which of these is a listing agreement type recognized in most states?
Answer: C — Exclusive right-to-sell, exclusive agency, open, or net listing
A) No such type exists. B) Not a standard listing category. C) Correct — the standard listing types. D) Perpetual listings are disallowed.
"Conversion" by a real-estate broker means:
Answer: D — Wrongful use of client trust funds
A) Property CONVERSION trap. B) Unrelated. C) Unrelated. D) Correct — misappropriating funds.
Which type of agency relationship is created by a written agreement?
Answer: A — Express agency, created by a written listing contract
A) Correct — express agency comes from an explicit written contract. B) Implied arises from conduct, not writing. C) Ostensible arises from appearances. D) Ratification confirms unauthorized acts after the fact.
An "express agency" relationship in real estate is formed by:
Answer: A — Written or oral principal-agent deal
A) Correct — clear agreement. B) Payment alone insufficient. C) Not enough. D) Not enough.
The most common form of agency in a listing agreement is a:
Answer: C — Special agent to procure a buyer
A) Too broad. B) Too broad. C) Correct — special agent role. D) Different role.
Agency relationships in real estate are BEST described as which of these?
Answer: A — Fiduciary relationships bearing OLDCAR duties from agent to client
A) Correct — agency imposes fiduciary duties on the agent. B) Understates duties owed. C) Ignores fiduciary duties. D) Understates loyalty and confidentiality duties.
In most states, dual agency is:
Answer: B — Permitted with written informed consent
A) Not universally illegal. B) Correct — written consent both. C) Not automatic. D) Buyer must consent too.
4 cards from the 28 in this chapter.
What is a listing agreement?
A contract between a property owner and a real estate broker authorizing the broker to find a buyer for the property.
An agent's broker goes out of business. What happens to the agent's listing agreements?
Listing agreements are between the client and the brokerage, not the individual agent. When the brokerage closes, all listing agreements terminate.
What is 'agency' in real estate?
A fiduciary relationship where an agent is authorized to act on behalf of a client in a real estate transaction.
Independent contractor vs. employee in real estate?
ICs control their own work, pay their own taxes, receive no benefits, and are paid by commission. Employees are supervised, have taxes withheld, and receive benefits. Most agents are ICs.
These are a sample. The full Agency & Brokerage Relationships chapter runs 63 items with per-chapter progress tracking, on the web and in the iOS app.
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