Law of Agency

3回閲覧 • 26問 • 1年前

ユーザ名非公開

通報

問題一覧

An agent by estoppel may arise when:

All of the options.

Ratification of the agency relationship may arise when:

The principal confirms retroactively the agency relationship.

An agent has the duty to do the following:

All of the options.

Anthony appoints Albert, a real estate salesperson of ABC Agency, to sell his apartment at Queen Street. Albert shows the apartment to a potential buyer, Rose, but failed to close the deal. Another salesperson, Mary of XYZ Agency, shows the apartment to the same buyer, Rose, and closes the deal. Who is entitled to the commission?

Mary, because she is the effective cause of the sale.

Anthony appoints Albert, a real estate salesperson of ABC agency, to sell his apartment at Queen Street. Which of the following will not terminate the agency relationship between Anthony and Albert?

Albert becomes bankrupt before the sale of the apartment is completed.

An undisclosed principal can take place when the following happens:

All of the options.

An agency relationship can be created by the following means:

All of the options.

What is not required in CEA non-exclusive prescribed estate agency agreement?

Asking price of the property.

Which of the following situation terminates the exclusive agency agreement?

Estate agent went bankrupt.

An agency by agreement can be created in the following ways: (i) By an expressed written contract. (ii) By an expressed oral contract. (iii) By implied actions or behaviours.

(i), (ii)

A fiduciary duty of an agent refers to

An agent's duty to act in good faith and not in conflict.

Father introduces Ian, a real estate salesperson, to his son to sell his condo unit but tells his son not to sign an exclusive agency agreement with Ian first unless he can do a good job. A few days later, Ian brings in a prospect who is very interested and keen to purchase the property. However, the Son has already issued an option to another buyer a few days ago. Does the agent have a claim against the father?

No, no clear agency agreement between the parties.

No, the agent Ian did not instrument the deal.

Uberrimae Fidei is to be observed between

Seller and Seller's agent

In which of the following circumstances has Salesperson A breached the duty of care to his client who is the owner of the property? (i) Salesperson A did not convey to his seller that there was a higher offer before the Seller signed the OTP with the current buyer. (ii) Salesperson introduced a foreign tenant without a valid Immigration pass. (iii) Salesperson found a tenant who did not take good care of the unit.

(i), (ii)

Which of the following situation(s) is/are unethical behaviour? (i) An agent receives a commission from both buyer and seller. (ii) An agent speaks badly about a fellow agent.

(ii) only

Which of the following situation(s) is/are illegal? (i) An agent receives a commission from both buyer and seller. (ii) An agent speaks badly about a fellow agent.

(i) only

An ordinary estate agency __________ contract is that __________.

Bilateral ; both the owner and the agent must perform their part of the contract.

A real estate salesperson, Johnny, mentioned to all potential buyers that the size of apartment excludes the void area. A potential buyer who did not purchase this apartment subsequently found out that this information is wrong. Which of the following is true?

Johnny has committed a negligent misstatement.

Ben, a buyer, decided to default on the sale contract and the owner did not sue Ben to perform the contract. Was the salesperson that introduced Ben to the owner entitled to commission?

Yes, but only if there was a special agreement between the owner and the salesperson to pay a commission for such a situation.

Which one of the following statements is incorrect? (i) A code of conduct ensures that professional standards are maintained and consumers' interests are protected. (ii) Ethical standards are restricted to only those prescribed in the code of conduct in the Estate Agents Act. (iii) One of the factors affecting the highest and best use of a site is the intensity of development that will be approved by the competent authority.

(ii) only

Who is an agent?

All of the other options.

A common method of determining the apparent or implied authority of an agent to act on the principal's behalf is to look at

the conduct of the principal, the agent and the third party.

What must an agent prove before he can claim his fee?

All of the other options.

An agency by estoppel

does not create a real agency relationship but merely protects a third party who has dealt with the agent in reliance on the principal's representation.

The agent sees an advertisement of property for sale. He brings a buyer to view the property. The Seller did not stop him from showing the property. The deal is closed. The agent my claim commission through

Ratification

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問題一覧

An agent by estoppel may arise when:

All of the options.

Ratification of the agency relationship may arise when:

The principal confirms retroactively the agency relationship.

An agent has the duty to do the following:

All of the options.

Mary, because she is the effective cause of the sale.

Anthony appoints Albert, a real estate salesperson of ABC agency, to sell his apartment at Queen Street. Which of the following will not terminate the agency relationship between Anthony and Albert?

Albert becomes bankrupt before the sale of the apartment is completed.

An undisclosed principal can take place when the following happens:

All of the options.

An agency relationship can be created by the following means:

All of the options.

What is not required in CEA non-exclusive prescribed estate agency agreement?

Asking price of the property.

Which of the following situation terminates the exclusive agency agreement?

Estate agent went bankrupt.

An agency by agreement can be created in the following ways: (i) By an expressed written contract. (ii) By an expressed oral contract. (iii) By implied actions or behaviours.

(i), (ii)

A fiduciary duty of an agent refers to

An agent's duty to act in good faith and not in conflict.

No, no clear agency agreement between the parties.

No, the agent Ian did not instrument the deal.

Uberrimae Fidei is to be observed between

Seller and Seller's agent

(i), (ii)

Which of the following situation(s) is/are unethical behaviour? (i) An agent receives a commission from both buyer and seller. (ii) An agent speaks badly about a fellow agent.

(ii) only

Which of the following situation(s) is/are illegal? (i) An agent receives a commission from both buyer and seller. (ii) An agent speaks badly about a fellow agent.

(i) only

An ordinary estate agency __________ contract is that __________.

Bilateral ; both the owner and the agent must perform their part of the contract.

Johnny has committed a negligent misstatement.

Ben, a buyer, decided to default on the sale contract and the owner did not sue Ben to perform the contract. Was the salesperson that introduced Ben to the owner entitled to commission?

Yes, but only if there was a special agreement between the owner and the salesperson to pay a commission for such a situation.

(ii) only

Who is an agent?

All of the other options.

A common method of determining the apparent or implied authority of an agent to act on the principal's behalf is to look at

the conduct of the principal, the agent and the third party.

What must an agent prove before he can claim his fee?

All of the other options.

An agency by estoppel

does not create a real agency relationship but merely protects a third party who has dealt with the agent in reliance on the principal's representation.

Ratification