Which of the following is NOT a duty of a sales agent?

Prepare for the TREC Sales Agent Exam. Study with multiple choice questions and flashcards, complete with hints and detailed explanations. Get ready for your test!

A sales agent is primarily responsible for tasks that facilitate the buying and selling of real estate, which includes listing properties, disclosing material facts, and providing signed documents to clients. Each of these duties plays a critical role in ensuring transparency and protecting the interests of the parties involved in a transaction.

Listing properties involves marketing and promoting homes for sale, aiming to attract potential buyers. Disclosing material facts is crucial for maintaining ethical standards and legal compliance; agents must inform clients about any significant issues related to the property that could influence their decision-making. Providing signed documents is essential as it formalizes agreements and ensures that all parties have the necessary documentation to proceed.

In contrast, financing a purchase falls outside the typical duties of a sales agent. Sales agents do not provide financing themselves; rather, they can guide clients to lenders or financial institutions that can assist with obtaining loans. The financing process involves specialized knowledge and functions that are generally handled by mortgage brokers and lenders, making it not a direct duty of the sales agent.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy