1. A fiduciary relationship is formed
1) Between a buyer and seller of real estate.
2) Between a prospect offering to purchase a listing and a broker.
3) When good conscience requires one to act at all times for the sole benefit and interest of another.
4) None of the above.
2. Which of the following individuals are not exempt from real estate liscensing requirements?
1) Attorneys acting in the course of their law practice.
2) Corporate officers in the course of the corporate duties.
3) Individuals acting on behalf of others.
4) Public officals in the course of their offical duties.