1. Real Estate Principles

Ethics Practice — Quiz

Test your understanding of ethics practice with 5 practice questions.

Practice Questions

Question 1

An agent enthusiastically describes a standard suburban home as having a 'breathtaking, once-in-a-lifetime view.' This statement is most likely an example of:

Question 2

A seller gives their listing agent an instruction to not show the property to any prospective buyers with children. What is the agent's correct ethical and legal response?

Question 3

An agent deposits a client's earnest money check into their personal bank account over the weekend, intending to move it to the brokerage's trust account on Monday. This action is an example of:

Question 4

An agent is representing a seller. The agent decides to purchase the property for themselves but makes the offer through a newly formed LLC that they control, without disclosing their ownership of the LLC to the seller. This is a primary violation of which fiduciary duty?

Question 5

Which of the following is the best example of a latent defect that a listing agent should disclose to all potential buyers?