Buyer Broker Quiz
Medium-difficulty multiple-choice quiz covering buyer agreements, the NAR settlement, Oklahoma law (SB 1217), and related enforcement questions based on the provided material.
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Quiz Questions & Answers
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Question 1: Which four topics did the presenter say he would cover in the video?
Contracts, commissions, listings, and lawsuits
Buyers, sellers, attorneys, and judges
Marketing, contracts, MLS, and inspections
OREC, MLS, the settlement, and getting paid
Question 2: When did the lawsuit against NAR begin according to the presenter?
2019
2018
2017
2021
Question 3: Per the NAR settlement mentioned, when must a buyer agreement generally be signed?
Before closing
Before touring or showing a property
Before making an offer
Within 10 days of first contact
Question 4: Which Oklahoma law was discussed that affects buyer agreements?
House Bill 1217
Senate Bill 1021
Senate Bill 1712
Senate Bill 1217
Question 5: Under Senate Bill 1217, what does Oklahoma law say about requiring buyer agreements before showings?
They are prohibited
They are only required for FHA loans
They are required before every showing
Brokers cannot be required to enter one before showing property
Question 6: Who can still require agents in their brokerage to use buyer agreements before showings?
The seller
The buyer
The managing broker
The MLS
Question 7: Which key word did the presenter identify as central to the conflict between the Oklahoma law and the NAR settlement?
Procuring Cause
Negotiable
Compensation
Inconsistent
Question 8: Who did the presenter say is the only person that can definitively determine whether Oklahoma law is inconsistent with the settlement?
The Oklahoma Attorney General
A judge
The Oklahoma Real Estate Commission
The MLS