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Question 1
A salesperson markets a condominium and tells a buyer it is 'guaranteed to double in value within two years.' Under the CEA advertising guidelines and the Consumer Protection (Fair Trading) Act, this claim is best described as:
Correct Answer:
A prohibited unsubstantiated or misleading claim
Question 2
An owner appoints one estate agency as the only agency entitled to market a property for a fixed period, and the agency earns commission however the property is sold during that period. This arrangement is a:
Correct Answer:
Exclusive (sole agency) listing
Question 3
Which method of sale typically involves a fall of the hammer creating a binding contract on the spot, with no further cooling-off period for the buyer?
Correct Answer:
Sale by auction
Question 4
Under CEA regulations, before marketing a property a salesperson should first:
Correct Answer:
Obtain the owner's authority and verify the owner's right to sell or lease
Question 5
A salesperson representing the seller also wants to represent the buyer in the same transaction. Under CEA rules on dual representation in private property transactions, the salesperson must:
Correct Answer:
Not act for both parties in the same transaction; cross-representation is not allowed for the same salesperson
Question 1
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About this Exam

Prepare with the RES Paper 2 Practice Questions - Real Estate Salesperson (RES) Examination Paper 2 Exam practice quiz. This question bank includes 100 questions covering property, buyer, salesperson, private, and residential. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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RES Paper 2 Practice Questions - Real Estate Salesperson (RES) Examination Paper 2 Exam

This practice set contains 100 questions from the matching question bank and focuses on property, buyer, salesperson, private, and residential. 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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