Champions law of agency - Study guides, Class notes & Summaries

Champions Law of Agency Exam Questions With Correct Answers...

Champions Law of Agency Exam Questions With 100% Correct Answers GRADED A+ Which of the following has the authority to suspend or revoke a Texas real estate license? - CORRECT ANS - TREC Which of the following is an element of a listing agreement? - CORRECT ANS - the agreement to pay a stated commission, usually a percentage of the sales price The IRS considers which of the following a violation of independent contractor status? - CORRECT ANS - salesperson is told to work set hours, g...

Which of the following has the authority to suspend or revoke a Texas real estate license? TREC Which of the following is an element of a listing agreement? the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer representation agreement in or te...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer representation agreement in or te...

Exam: Law of Agency – Champions/60 Questions and Answers

CHAMPIONS REAL ESTATE EXAM LAW OF AGENCY QUESTIONS WITH CORRECT VERIFIED SOLUTIONS LATEST UPDATE A GRADED

Texas Real Estate License Act (TRELA) Passed in 1939. The Texas Real Estate Commission was created to enforce and administer the act in 1949. The purpose of the Act is to protect the public against unscrupulous brokers and sales agents. Makes it illegal to practice any act of real estate brokerage without a license. Fiduciary Based on trust. Indemnification Protection against damage or loss. Means that the principal will protect the agent from suffering a loss due to the agent's relia...

Law of Agency - Champions Questions and answers latest update