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Differences Between Real Estate Customers & Clients

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

A customer becomes a client when:

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1. A client is:

2. An agent that represents both a buyer and seller in a real estate transaction is called:

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About This Quiz & Worksheet

Various rules regulate how a customer becomes a client in real estate. The quiz tests your knowledge of definitions and laws related to this process.

Quiz & Worksheet Goals

On the quiz you will:

  • Describe when a customer becomes a client
  • Define client and customers
  • Name the agent that represents both a buyer and a seller in real estate
  • Know the laws of agency

Skills Practiced

  • Knowledge application - utilize your knowledge to explain how a real estate customer becomes a client
  • Information recall - access your understanding of the lesson to name the type of agent that represents real estate buyers and sellers
  • Reading comprehension - verify that you can draw the most essential information from the related lesson on real estate clients and customers

Additional Learning

The lesson called Differences Between Real Estate Customers & Clients takes an in-depth look at this subject. This lesson is centered on the following objectives:

  • Define buying decision
  • Explain the concept of representation
  • Understand the responsibilities of real estate agents
  • Describe what is meant by fiduciary responsibility
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