AYPO Real Estate Law of Agency Final Exam Review Questions & Answers Solved 100% Correct!!
16 views 0 purchase
Course
AYPO Real Estate Law of Agency
Institution
AYPO Real Estate Law Of Agency
A broker who fails to make it clear to all parties to a real estate transaction which party he or she is
representing is normally punished through which of the following means? - A suspension of the
broker's license
A contract is terminated because the agent neglected to file all of the necessar...
AYPO Real Estate Law of Agency Final
Exam Review
A broker who fails to make it clear to all parties to a real estate transaction which party he or she is
representing is normally punished through which of the following means? - A suspension of the
broker's license
A contract is terminated because the agent neglected to file all of the necessary paperwork to make the
contract legal. This contract was terminated by which of the following? - Operation of Law
A licensee inadvertently representing more than one party is normally also... - an undisclosed
agent.
A licensee may have his or her license revoked if he or she does which of the following? - Fails to
make clear to all parties to a real estate transaction the party for whom the license holder is acting
A licensee who is representing a buyer is required to treat which of the following in an honest and fair
manner? - 1. The seller's agent
2. The seller
3. The buyer
A person contacts a licensee and expresses an interest to buy real estate. The licensee provides a written
document that details the duties of the licensee while acting as an agent and the compensation the
licensee expects to receive in return. The person signs the document. What kind of agency relationship
was formed? - An expressed agency relationship
A personal assistant without a valid broker's license is allowed to do which of the following? -
None of these are correct
A principal becomes disabled and gives authority to an agent to act on behalf of the principal in nearly all
circumstances. This type of agent is... - a universal agent.
, A seller who has established a listing contract with a broker benefits from the broker's... -
1.experience.
2.knowledge.
3.access to resources possessed by the brokerage.
According to Rule 531.3 of the Texas Administrative Rules, a real estate agent should be informed on
which of the following? - 1. State developments in the real estate industry
2. Market conditions affecting the real estate business
3. National real estate issues
According to Section 1101.558 of TRELA, which of the following parties must be provided with a
disclosure when the first instance of contact occurs? - 1. Another licensee who represents another
party to the transaction
2. Another party to the transaction
According to Section 17.46 of the DTPA, a real estate licensee is forbidden from doing which of the
following? - 1. Advertising buyer brokerage with no intent to actually represent buyers
2. Failing to disclose information about a piece of real estate which was known by the licensee at the
time of the transaction, if the failure to disclose the information was intended to induce the consumer
into a transaction that the consumer would not have entered had the information been disclosed
3. Causing confusion with regard to the licensee's affiliation with a broker
Acting as which of the following is a violation of The Real Estate License Act? - Acting as a broker
without possessing a valid license issued by the Texas Real Estate Commission
All real estate contracts (with the exception of property management contracts) are required to contain
a... - termination date.
An agency agreement between a supervising broker and their selling client generally takes a written form
as which of the following? - A listing agreement.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
