Law of agency final - Study guides, Class notes & Summaries

Law of Agency Final Exam Review with complete solution 1. Price-fixing, boycotting, and allocating customers or markets are activities MOST relating to real estate brokerage violations of the a. federal antitrust laws. b. Real Estate Settlement Procedures Act. c. Texas Deceptive Trade Practices Act. d. Texas Real Estate License Act. A 2. During a listing presentation, the prospective seller asked the salesperson if his company's listing fee was standard in the area. Which of the follow...

REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A. 2 / 8 1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age 2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 3. "Summary ofYour Submission": ...

Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits are: A. Increasing B. Decreasing C. Stabilizing over the last several years D. Broker lawsuits are not allowed - ANSWERSA. Increasing A broker is more likely to be sued because he failed to make it clear to all parties who he represented as a client. The broker working with a buyer customer and representing the seller through the broker is a: A. Buyer B. Seller C. Subagent D. Intermediary - AN...

Texas Law of Agency (FINAL EXAM) with correct answers

Real estate agents are considered to have which kind relationship with clients? A fiduciary relationship 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 Which of the following is a reason to study the aspects of agency and agency law? 1. Agents who are well versed in the aspects of the agency roles can project an aura of confidence that can calm a nervous client ...

Law of Agency Final Exam Review 2023, Complete Solution Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits is: A. Increasing B. Decreasing C. Stabilizing over the last several years D. Broker lawsuits are not allowed. A. Increasing The correct answer is A. A broker is more likely to be sued because he failed to make it clear to all parties who he represented as a client. The broker working with a buyer customer and representing the seller throug...

AYPO Real Estate Law of Agency Final Exam Review Questions and Answers 2024/2025 with complete solutions

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Medical Information The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? - Fixtures should be placed in the damag...

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AYPO Real Estate Law of Agency Final Exam Review Questions and Answers 100% CorrectAYPO Real Estate Law of Agency Final Exam Review Questions and Answers 100% CorrectAYPO Real Estate Law of Agency Final Exam Review Questions and Answers 100% Correct Real estate agents are considered to have which kind relationship with clients? - ANSWER-A fiduciary relationship Acting as which of the following is a violation of The Real Estate License Act? - ANSWER-Acting as a broker without possessing a v...