SC Real Estate Final Exam Prep Exam #1
Already Passed
A buyer, contacts a real estate office because she is interested in relocating to the area and would
like some help finding a house. Which of the following actions
...
SC Real Estate Final Exam Prep Exam #1
Already Passed
A buyer, contacts a real estate office because she is interested in relocating to the area and would
like some help finding a house. Which of the following actions requires an agency agreement
between the buyer and the real estate office?
A:The real estate office gives the buyer printouts of houses that meet her specifications.
B: The real estate office works with the buyer to prequalify her for a mortgage.
C: The real estate office provides the buyer with current rates and terms for mortgages.
D: The real estate office explains the different types of agency relationships that can exist
between buyer and broker. ✔✔The real estate office works with the buyer to prequalify her for a
mortgage.
In order to prequalify the buyer, the real estate office must receive confidential information, so
this action requires that an agency relationship be established. Providing other types of
information such as listing details and current mortgage rates does not require an agency
relationship.
A property's seller does not wish to have a subagency or disclosed dual agency relationship for
the transaction. Prospective buyers ask the licensee representing the seller to show them the
seller's house. May the licensee show the property to the buyers under these circumstances?
A: Yes, as long as the buyers agree in writing to not having any representation.
B: Yes, but Kate must inform the buyers in writing that she represents the seller's best interests.
C: Yes, as long as the buyers first enter a buyer representation agreement with another licensee.
D: No, because the seller opposes a disclosed dual agency or subagency relationship and Kate
cannot show the property to the buyers without engenderin
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