1.) Each of the following actions would be considered a "ministerial act," EXCEPT: a.) calling the client to obtain some information necessary for a contract b.) Making arrangments for a home inspector to access the property c.) answering a question about the definition of a particular word in a contract d.) setting the listing price 2.) When proposing a brokerage relationship with a prospective client, the licensee must advise the client of each of the following issues, EXCEPT: a.) the type of brokerage relationship proposed b.) the nature of the fiduciary relationship created c.) the broker's compensation d.) whether the compensation can be shared with other brokers 3.) If a brokerage agreement does not include a termination date, it will automatically terminate after: a.) 90 days b.) 6 months c.) 9 months d.) 12 months 4.) A brokerage agreement would be terminated upon each of the following circumstances, EXCEPT: a.) The expiration date is reached b.) default by either party to the agreement c.) the presentation of an offer to the client d.) the client's refusal to consent to a disclosed dual agency relationship 5.) Under what circumstances could a licensee reveal a client's confidential information? a.) Under no circumstances b.) when required by law or authorized by the client c.) only when required by law d.) only when authorized by the client 6.) In order to receive compensation form the seller, whether directly or indirectly, a licensee: a.) must be an agent or representative of the seller b.) need not be an agent or representative of the seller c.) must have written agreement with the seller d.) must be a standard agent 7.) A licensee who is acting as agent of the seller makes an intentional misrepresentation of a material fact to a buer.The seller was unaware of the misrepresentation. Who would be liable for any losses incurred by the buyer due to this misrepresentation: a.) only the licensee b.) only the seller c.) both the seller and the licensee d.) neither the seller nor the licensee 8.) Broker Betty has a listing on a home and is acting as agent of the seller. Broker Bob is acting as agent of the buyer. If broker Bob makes an intentional misrepresentation to the buyer, without Betty's knowledge, who would be liable for losses incurred by the buyer: a.) Broker Betty only b.) Broker Bob only c.) Both Broker Bob and Broker Betty d.) Broker Bob, Broker Betty and the seller 9.) Clients and licensees can be held responsible for: a.) imputed knowledge only b.) actual knowledge only c.) both actual and imputed knowledge d.) neither actual now imputed knowledge 10.) A seller is represented by one broker and a buyer is represented by another broker (with a different firm). If the buyer's agent is grossly negligent in the performance of his duties, who can be held liable for this negligence? a.) only the buyer's agent b.) only the seller's agent c.) Both the buyer's agent and the seller's agent d.) Neither the buyer's agent nor the seller's agent