Texas Law of Agency: Quiz Questions And Answers All Verified
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Course
Texas Law Of Agency
Institution
Texas Law Of Agency
Texas Law of Agency: Quiz Questions And Answers All Verified
Agent - ANS One who acts for and with authority from another, called the principal, is known as a/an...?
Agent
Attorney
Employee
Partner
A Sponsoring Broker - ANS If an individual works as an associate broker, who must they...
Agent - ANS One who acts for and with authority from another, called the principal, is known
as a/an...?
Agent
Attorney
K
Employee
Partner
C
A Sponsoring Broker - ANS If an individual works as an associate broker, who must they work
under...?
LO
An associate licensee
An associate broker does not work under anyone
A real estate salesperson
A sponsoring broker
YC
Prospective Client - ANS The Information About Brokerage Services form is presented by the
broker to the...?
Associate agent
Escrow agent
Agent
D
Prospective client
Listing Contract - ANS Agency between a broker and principal is created through a/an...?
U
Listing contract
Purchase contract
ST
Independent contractor agreement
Any of the above
Customer - ANS The party the agent brings to the principal as a seller or buyer of the property
is known as a/an...?
Partner
Customer
Associate
Client
,A Real Estate Broker - ANS Which of the following can legally employ a real estate
salesperson to work on their behalf...?
An associate broker
A real estate broker
Another real estate salesperson
A real estate associate
Real Estate Broker - ANS Which of the following has the highest authority in an agency
relationship...?
K
Real estate salesperson
Real estate broker
C
Associate licensee
Associate broker
LO
All of the Above - ANS A real estate broker may sponsor which of the following...?
Associate licensee
Real estate salesperson
Associate broker
YC
All of the above
The Principal - ANS A real estate broker works for which of the following in a transaction...?
The customer
The lender
D
The principal
All of the above
U
Legislation - ANS Statutory law is derived from which of the following...?
Court decisions
ST
Legislation
Judge rulings
Common actions
Special Agency - ANS Which of the following is the most restrictive type of agency...?
Special agency
General agency
Specific agency
Universal agency
, Real Estate Broker - ANS A listing contract is signed between a principal and a...?
Real estate broker
Any of the above
Real estate salesperson
Associate licensee
Reasonable Care and Diligence - ANS According to this fiduciary duty, an agent must meet
deadlines set by the principal and/or client...?
K
Obedience
Loyalty
Confidentiality
C
Reasonable care and diligence
Confidentiality - ANS According to this fiduciary duty, an agent must keep confidential any
LO
information that may weaken the principal's bargaining position...?
Reasonable care
Loyalty
Confidentiality
YC
Obedience
Material Fact - ANS Any fact that would influence the decision of a reasonably prudent person
is known as a/an...?
Implied fact
D
Material fact
Constructive fact
Impartial fact
U
Universal Agent - ANS David is serving as a power of attorney for Sarah. David is serving as
what type of agent...?
ST
Universal agent
General agent
Specific agent
Special agent
Special Agency - ANS A buyer representation agreement between a buyer and broker creates
what type of agency...?
General agency
Special agency
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