Kovats Real Estate School Practice Test

What is one typical task a Real Estate Broker can perform?

1. Negotiate bank loans for clients

2. Prepare a purchase and sale agreement

3. Serve as a notary public

4. Conduct home inspections

The correct answer is: Prepare a purchase and sale agreement

Preparing a purchase and sale agreement is a typical task performed by a Real Estate Broker because this document is essential in the process of buying and selling property. The broker is responsible for ensuring that the agreement captures the terms and conditions of the transaction, reflecting both the buyer's and seller's intentions. This task requires a strong understanding of real estate laws, market conditions, and the specific details of the transaction. In contrast, negotiating bank loans generally falls outside the broker's role, as this is typically handled by financial institutions or mortgage brokers. Serving as a notary public is not a standard function of a real estate broker; while brokers can be notaries, it is not a core aspect of their duties in real estate transactions. Conducting home inspections is usually performed by licensed inspectors who specialize in evaluating the condition of properties, rather than by brokers, who focus more on the negotiations and facilitation of property transactions.