A selling agent (buyer's agent) is required to conduct which type of inspection of a residential property in California?
Why A competent and diligent visual inspection of accessible areas of the property Is Correct
Answer B: A competent and diligent visual inspection of accessible areas of the property
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related California Questions
- Under the Agency Disclosure requirements of California Civil Code Section 2079, a listing agent must provide the agency disclosure form to a seller:DRE & Licensing
- A property manager receives a security deposit from a tenant. Under California Civil Code, residential security deposits may NOT exceed:Trust Funds
- The California Agency Disclosure law (Civil Code §2079) requires an agent to provide the Agency Disclosure form to buyers and sellers at what point in the transaction?Agency
- A California residential purchase agreement includes a 17-day inspection contingency. On day 18, the buyer has not removed the contingency or canceled. What is the correct procedure for the seller?Contracts
- What is liquidated damages in a California residential purchase agreement?Contracts
- A liquidated damages clause in a California residential purchase agreement limits the seller's damages, if the buyer defaults, to:Contracts
- In a California standard residential purchase agreement, when does an offer become a binding contract?Contracts
- In California, a lender who forecloses on a purchase money deed of trust on a 1-4 unit residential property occupied by the borrower is generally:Finance
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →