Fiduciary relationship between the principal and the agent

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Reference no: EM132046188

1. A third party or a non-represented consumer for whom some level of service is provided and who is entitled to fairness and honest is known as:

A. Client

B. Principal

C. Customer

D. Agent

2. The fiduciary relationship between the principal and the agent is:

A. Fiduciary

B. Client

C. Principal

D. Agency

3. An individual who hires the agent and delegates to him or her the responsibility of representing the principal’s interest is:

A. The principal

B. The client

C. The Customer

D. The agent

4. Agent Heber is representing buyers Claire and Jake and sellers Trevor and Katie in the same transaction. Agent Heber is acting as a:

A. Single agent C. Special Agent

B. General Agent D. Dual agent

5. A process that accommodates and in-house-sale where two different agents are involved and one represents the buyer and the other agent represents the seller, it is a:

A. Designated agency

B. Limited agency

C. Special agency

D. Universal agency

Reference no: EM132046188

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