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All answers are True/False or Multiple Choice.  \nAnswer key is located on Page 657.  \nQuiz 1—Chapters 1-6, Pages 1-52  \n  1. When testing the conduct of an agent while engaged in real estate related activities, the independent contractor (IC) provision in the broker-agent employment agreement cannot and does not change the sales agent’s classification as:  \na. an agent ofthe client.  \nb. an agent ofthe broker.  \nc. Both a and b.  \nd. Neither a nor b.  \n  2. An outside salesperson is defined as a person who regularly works:  \na. more than half of their time away from their place of employment.  \nb. less than half of their time away from their place of employment.  \nc. Both a and b.  \nd. Neither a nor b.  \n  3. An agent needs to collect income data during an interview with a prospective broker, including:  \na. the number of sales the agent is likely to close during their first year.  \nb. the share of the gross broker fees the agent will receive under the fee-sharing schedule offered by the broker.  \nc. Both a and b.  \nd. Neither a nor b.  \n  4. The best time for a sales agent to renegotiate their share of broker fees is:  \n[a. at](a. at) the height of a booming market.  \nb. during the slowdown following the boom.  \nc. just prior to an upswing in sales.  \nd. None of the above.  \n  5. To keep claims from clients and others under control, a broker needs to maintain a:  \na. multiple listing service (MLS) .  \nb. risk reduction program.  \nc. low turnover rate.  \nd. All of the above.  \n  6. Agents are required to be members of the trade association that owns a multiple listing service (MLS) to post listings and access the MLS database.  \n  7. A   relationship is created between a seller and a buyer’s agent when theseller pays the buyer’s agent’s fee.  \na. subagency  \nb. dual agency  \nc. Both a and b.  \nd. Neither a nor b.  \n  8. When a dual agency is established on a one-to-four unit residential sales transaction, the dual agent may pass on any pricing information from the buyer to the seller without the buyer’s prior consent.  \n646 Real Estate Practice, Seventh Edition  \n  9. A broker must disclose to their seller the existence of an indirect interest one of the broker’s agents holds in the property.  \n  10. A Compensation Disclosure form is used to inform sellers/buyers of the broker’s ownership interest in an affiliated business.  \nQuiz 2—Chapters 7-10, Pages 53-96  \n  1. The content of the Agency Law Disclosure form is not dictated by statute.  \n  2. An Agency Law Disclosure form needs tobe presented to all parties by an agent when listing, selling, buying or leasing for a term greater than one year:  \na. commercial property.  \nb. mobilehomes.  \nc. Both a and b.  \nd. Neither a nor b.  \n  3. A separate agency confirmation provision is not mandated for inclusion in purchase agreement forms.  \n  4. An open listing does not need to contain an expiration date.  \n  5. A seller’s broker needs to disclose to the seller the broker fee they will receive on a net listing:  \na. before the close of escrow.  \nb. before the seller signs the listing agreement.  \nc. before the seller accepts a buyer’s offer.  \nd. None of the above.  \n  6. A broker is prohibited from including an advance fee provision in a guaranteed sale listing.  \n  7. An exclusive right-to-sell listing agreement entitles a broker to collect a fee when they locate a ready, willing and able buyer and submit the buyer’s full listing offer to the seller.  \n  8. A client’s oral promise to pay a broker fee entitles the broker to enforce collection of the fee.  \n  9. The diligent effort of a broker under an exclusive listing includes:  \na. analyzing the property.  \nb. marketing the property.  \nc. Both a and b.  \nd. Neither a nor b.  \n  10. A right-to-buy listing supersedes a replacement property provision in an exclusive right-to-sell listing.  \nQuiz 3—Chapters 11-17, Pages 97-160  \n  1. A","cbCaifzghK1xA8kS","https://ap.wps.com/l/cbCaifzghK1xA8kS","pdf",195878,13,"English","# Quiz 1\n## Chapters 1-6\n# Quiz 2\n## Chapters 7-10\n# Quiz 3\n## Chapters 11-17\n# Quiz 4\n## Chapters 18-23","[{\"question\":\"Are these quizzes open-book, and what question formats are used?\",\"answer\":\"Yes, the quizzes are open book. Answers are provided as True/False or Multiple Choice.\"},{\"question\":\"Where can the answer key be found?\",\"answer\":\"The answer key is located on Page 657.\"},{\"question\":\"How are the quizzes organized in this document?\",\"answer\":\"The quizzes are grouped by quiz number and corresponding chapter ranges, such as Quiz 1 covering Chapters 1–6.\"}]","Real Estate Practice, Seventh Edition Quizzes - Quiz 1 - Chapters 1-6 | PDF",1790691754,33]