KVV Inc. Training Centre Test - Estate Agent Mandates

Estate Agent Mandates
This is a Multiple Choice questionnaire consisting of 10 questions.

Please read each question carefully and provide your answers as indicated.

Good Luck!

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* 1. Kindly provide your full details to begin with test.

Full Name

Company

Email Address

Contact Number

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* 2. An Estate Agent can demand payment of commission when he/she:

Performed in terms of a Mandate given

Is the effective cause of the Sale

Both a and b above

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* 3. In order to prove that an Estate Agent has performed in terms of his mandate, he/she must:

Have at least 10 show houses

Advertise in all the newspapers

Introduce a willing buyer and a willing seller

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* 4. A mandate is a ________________ in which one person undertakes to do a lawful task for another.

Letter

Contract

Piece of paper

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* 5. A mandate derives from the Law of _____________________ ?

Persons

South Africa

Agency

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* 6. A mandate is a contract between:

The Seller and the Buyer

The Seller and the Estate Agent

The Buyer and the Bank

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* 7. A mandate must consist of the following terms:

Parties, property, price, mandate period, commission

Parties, price, mandate period

Property, price, commission

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* 8. A sole mandate

Is not legal

Must be in writing

Can only be in respect of a trust

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* 9. The expiry date of a Sole Mandate must be:

A Calendar Date

A date at the end of a month

A date that is not a Public Holiday

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* 10. In terms of the EAAB Code of Conduct, no agent shall accept a sole mandate unless:

He has branded his car

He is in possession of a business card

He has explained the legal consequences thereof to the client

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* 1. Kindly provide your full details to begin with test.

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* 2. An Estate Agent can demand payment of commission when he/she:

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* 3. In order to prove that an Estate Agent has performed in terms of his mandate, he/she must:

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* 4. A mandate is a ________________ in which one person undertakes to do a lawful task for another.

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* 5. A mandate derives from the Law of _____________________ ?

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* 6. A mandate is a contract between:

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* 7. A mandate must consist of the following terms:

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* 8. A sole mandate

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* 9. The expiry date of a Sole Mandate must be:

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* 10. In terms of the EAAB Code of Conduct, no agent shall accept a sole mandate unless:

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* 11. In terms of the Consumer Protection Act a fixed term agreement may not exceed ___________________ months.