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Question 1
An ABR designee shows a buyer client a property and discovers the seller has cancer that may affect the timing of closing. What is the agent's duty regarding this confidential information?
Correct Answer:
Confidentiality is owed only to the agent's own client, the buyer; the seller's medical information is not material to the property and is not the buyer's agent's duty to disclose
Question 2
Which acronym is commonly used to memorize the six common-law fiduciary duties an agent owes the client?
Correct Answer:
OLDCAR
Question 3
A buyer's agent receives an MLS listing where the seller's broker offers cooperating compensation. Under the NAR settlement effective August 17, 2024, what is now prohibited?
Correct Answer:
Listing brokers offering buyer-broker compensation through the MLS
Question 4
Effective August 17, 2024, before showing a home listed on the MLS, a buyer's agent who is an MLS participant must:
Correct Answer:
Enter a written buyer-broker agreement with the buyer specifying compensation
Question 5
Which type of agency relationship occurs when a single broker represents both the buyer and the seller in the same transaction with informed consent of both?
Correct Answer:
Dual agency
Question 1
Exam overview

About this Exam

Prepare with the ABR Practice Questions - Accredited Buyer's Representative (NAR REBAC) Exam practice quiz. This question bank includes 100 questions covering buyer, agent, seller, agreement, and listing. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ABR Practice Questions - Accredited Buyer's Representative (NAR REBAC) Exam

This practice set contains 100 questions from the matching question bank and focuses on buyer, agent, seller, agreement, and listing. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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