TEXAS LAW OF AGENCY EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
2 views 0 purchase
Course
TEXAS LAW OF AGENCY
Institution
TEXAS LAW OF AGENCY
1-1
A special agent is also referred to as a(n): - ACCURATE ANSWERlimited agent
1-2
The role of the _____ never changed in a listing or buyer representation agreement: - ACCURATE ANSWERthird party
1 Exam
In Texas, a broker may offer a limited form of representation to both parties called: ...
TEXAS LAW OF AGENCY EXAM
TEXAS LAW OF AGENCY EXAM WITH GUARANTEED ACCURATE ANSWERS |
VERIFIED
1-1
A special agent is also referred to as a(n): - ACCURATE ANSWER✅✅limited
agent
1-2
The role of the _____ never changed in a listing or buyer representation agreement:
- ACCURATE ANSWER✅✅third party
1 Exam
In Texas, a broker may offer a limited form of representation to both parties called:
- ACCURATE ANSWER✅✅intermediary
1 Exam
,The role of each cast member (agent, principal, third party) plays is determined by
the type of _____ used. - ACCURATE ANSWER✅✅employment agreement
1 Exam
A(n) _____ is someone who seeks the services of a real estate broker without the
protection of an agency relationship. - ACCURATE ANSWER✅✅customer
1 Exam
A(n) _____ is a written document that gives a person legal authority to act on
behalf of another person. - ACCURATE ANSWER✅✅power of attorney
1 Exam
Agency relationships are party of the body of law called the: - ACCURATE
ANSWER✅✅law of agency
1 Exam
A broker is a person who holds a broker license issued by: - ACCURATE
ANSWER✅✅TREC
1 Exam
In a real estate agency relationship, an agent is anyone who acts on behalf of
another. Though a salesperson can and does act on behalf of a client, the formal
relationship is with the: - ACCURATE ANSWER✅✅broker
1 Exam
A client is represented by a(n): - ACCURATE ANSWER✅✅agent
2 Exam
, A new listing comes on the market and you immediately show it to your buyer-
client. The next day, the listing agent informs you that the sellers are moving out-
of-state and need the property sold by the end of the month. As a buyer's agent, you
are: - ACCURATE ANSWER✅✅required to disclose this information ASAP
(your client is entitled to know whatever facts you know as soon as you have
knowledge.)
2 Exam
Reasonable care, also known as due care, refers to: - ACCURATE
ANSWER✅✅the amount of care that an average, rational person would take
under the same or similar circumstances.
2 Exam
A listing agent must disclose to a third party all of the following, except: -
ACCURATE ANSWER✅✅-known defects in the property
-AN AGENT'S OPINION OF VALUE OF PRICE
-soil or drainage problems
-matters affecting title
2 Exam
As a listing agent, which of the following requires disclosure to both buyer and
seller? - ACCURATE ANSWER✅✅-CONDITIONS AFFECTING TITLE
-ITEMS RELATING TO SURVEY OR LOGICAL INFO
-ENVIRONMENTAL ISSUES OR HEALTH SAFETY HAZARDS
2 Exam
The willingness to follow the orders of others is known as: - ACCURATE
ANSWER✅✅obedience
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 GRADEUNITS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
