(Exam Study Guide Questions With 100% Correct Answers): Law Of Agency - Champions

An agent creates a (n) ____________________ to give buyers and sellers an indication of the market value of a property. {Ans: comparative market analysis}The failure to remove an advertisement within a reasonable amount of time may be considered deceptive or misleading. {Ans: true}a broker usually establishes buyer representation through a form known as a: {Ans: buyer representation agreement}when one person acts for another on their behalf it is known as: {Ans: an agency relationship}_______ means that, if a single agent in the firm is working with both buyer and seller, another agent in the firm needs to be brought into the transaction so appointment can be made. {Ans: Intermediary with appointments only}All of the following are included in the Canons of Professional Ethics for real estate licensees, EXCEPT: {Ans: patience}