Real Estate Brokerage Quiz
Multiple Choice Questions
What is the primary role of a real estate broker? A. To buy and sell real estate B. To manage real estate transactions C. To act as an intermediary between buyers and sellers D. To provide legal advice
What type of license must a real estate broker possess in order to practice? A. A broker's license B. A salesperson's license C. A general contractor's license D. A real estate appraiser's license
What is the difference between a real estate broker and a real estate agent? A. A real estate broker is licensed to buy and sell real estate, while a real estate agent is licensed to manage real estate transactions. B. A real estate broker is licensed to manage real estate transactions, while a real estate agent is licensed to buy and sell real estate. C. A real estate broker is licensed to provide legal advice, while a real estate agent is licensed to manage real estate transactions. D. A real estate broker is licensed to act as an intermediary between buyers and sellers, while a real estate agent is licensed to buy and sell real estate.
What type of activities does a real estate broker typically carry out? A. Negotiating contracts, inspecting properties, and handling paperwork B. Managing rental properties and providing legal advice C. Buying and selling real estate and providing financial advice D. Appraising properties and providing marketing services
True/False Questions
A real estate broker is legally allowed to provide legal advice. A. True B. False
A real estate broker is responsible for managing rental properties. A. True B. False
A real estate broker is required to possess a broker's license in order to practice. A. True B. False
A real estate broker is responsible for providing marketing services. A. True B. False
Fill in the Blank Questions
- A real estate broker is licensed to act as an ________ between buyers and sellers.
- A real estate broker is responsible for _________ contracts, inspecting properties, and handling paperwork.
- A real estate broker must possess a _________ license in order to practice.
Short Answer Questions
- What are the primary duties of a real estate broker?
- What is the difference between a real estate broker and a real estate agent?
Answer Key
Multiple Choice Questions: 1. C 2. A 3. B 4. A
True/False Questions: 1. False 2. False 3. True 4. True
Fill in the Blank Questions: 1. intermediary 2. Negotiating 3. Broker's
Short Answer Questions: 1. The primary duties of a real estate broker include acting as an intermediary between buyers and sellers, negotiating contracts, inspecting properties, and handling paperwork. 2. The difference between a real estate broker and a real estate agent is that a real estate broker is licensed to manage real estate transactions, while a real estate agent is licensed to buy and sell real estate.