Questionable Real Estate License Exam Question #1

By
Real Estate Agent with Resident Realty FA.100079118

So my wife, Laura, is going through her online real estate licensing course and she has had quite a few issues with the wording of some of her quiz and test questions. I thought I would share some of them with the ActiveRain community and see what your thoughts are.

This particular question just seems to be poorly written and a bit confusing:

 

A listing agreement is a legal

  1. contract between the seller or buyer and a broker that establishes their agency relationship.
  2. sales contract.
  3. assignment agreement.
  4. document that states the terms of the mortgage.

 

Let me know your thoughts. Do you have any issue with the available answers?

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Tags:
exam
licensing
real estate
real estate course
exam questions

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
491,766
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

#1. is the obvious answer.  Kevin Ray 2) A listing Agreement is never a sales contract. 3) it's not applicable that a Listing Agreement gets assigned.

4) A listing is not a mortgage. Teachers like to word a question so that it may appear tricky.

Jun 07, 2018 01:00 PM #1
Rainmaker
1,122,602
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Kevin - referring to you answer to Bruce Hicks , that was my first thought as well. The listing agreement doesn't mention buyers.

I honestly wouldn't know how to answer that - but you're also in Colorado so there are always difference in the way terms are used.

Jun 07, 2018 01:46 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
100,848

Kevin Ray

REALTOR & U.K. Real Estate Consultant
Ask me a question
*
*
*
*
Spam prevention