Which of the Following Statements Is True with Regard to an Agent's

question 52

Multiple Choice

Which of the following statements is true with regard to an agent's duties?

• A)A real estate agent may buy property from a third party if it is at a good price and then sell the property to his or her principal at a higher price.
• B)An agent must always scrupulously account for money coming into his or her hands on behalf of his principal.
• C)An agent need not disclose all relevant information to the principal.
• D)An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his or her principal in carrying out his or her duties.
• E)An agent cannot act for two principals even with the knowledge and consent of those principals.

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Definitions:

Texting

The act of sending and receiving short text messages, usually through mobile phones or internet-based applications.

Placebo Effect

A phenomenon in which a fake treatment, an inert substance like a sugar pill, can sometimes improve a patient's condition simply because the person has the expectation that it will be helpful.

Experimenter Effect

The influence that the experimenter's presence, behavior, or characteristics can have on the results of a research study.

Behaviorism

A theory in psychology which states that all behaviors are learned through interactions with the environment, and is centered on the belief that internal states such as thoughts, feelings, and motives are not necessary for understanding behavior.