Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed - ANSWERSA. Are increasing
We study agency because:
A. The Texas Real Estate Commission requ...
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed - ANSWERSA. Are increasing
We study agency because:
A. The Texas Real Estate Commission requires people wishing to be licensed take an Agency class.
B. Only brokers study agency.
C. Only attorneys should study agency.
D. The client is required to take a class in agency. - ANSWERSA. The Texas Real Estate Commission
requires people wishing to be licensed take an Agency class.
The broker working with a buyer customer and representing the seller through the seller's broker is a(n):
A. Buyer
B. Seller
C. Subagent
D. Intermediary - ANSWERSC. Subagent
All parties to the transaction must be treated honestly and fairly, but a fiduciary relationship is owed to:
,A. The customer
B. The client
C. Everyone
D. No one - ANSWERSB. The client
After the agency relationship has been established, the broker is the agent of the _________, and the
sponsored salesperson is the agent of the ________.
A. Buyer ----- tenant
B. Broker ----- client
C. Client ----- broker
D. None of the above. - ANSWERSC. Client ----- broker
An agent who may perform any acts or transactions the principal may perform is a:
A. Universal agent
B. Special agent
C. Seller agent
D. General agent - ANSWERSA. Universal agent
The TRELA does not require disclosure if a death occurred on a property:
A. By natural causes
B. By suicide
C. In an accident unrelated to the condition of the property
D. All of the above - ANSWERSD. All of the above
Something that affects the property or the health of the residents of the property is called a(n):
, A. Psychological stigma
B. Exception
C. Physical stigma
D. None of the above - ANSWERSC. Physical stigma
Information about Brokerage Services must be given to potential buyers, sellers, tenants, and landlords:
A. At the time of first meeting
B. After the listing is taken
C. At the closing
D. At the first substantive dialogue about a property - ANSWERSD. At the first substantive dialogue about
a property
A listing broker is not required to:
A. Maintain a fixed office address
B. Use Information About Brokerage Services
C. Allow subagency
D. Have a license issued by TREC - ANSWERSC. Allow subagency
The buyer's agent will view the transaction from the buyer's point of view and will counsel the buyer on:
A. Financing the property
B. Contingencies
C. Negotiating strategy
D. All of the above - ANSWERSD. All of the above
When the salesperson leaves the sponsorship of the broker, the buyer's agreement:
A. Remains with the broker
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