Trec is auth - Study guides, Class notes & Summaries

Client Principal-agency relationship-in writting. Special agency Also known as Limited Agency General Agency The right to represent the principal in a particular type of transaction. Ostensible Agency Actions that lead another person to assume that one is an agent. Agency of Ratification An agent acts without proper auth. And when principal learns this they accept it. Agency of Estoppel When principal inadequately supervises an agent. Fiduciary Trust Uni...

Texas Real Estate State Exam 2023What state agency is responsible for the licensing of real estate appraisers? - answerTexas Appraiser Licensing and Certification Board A broker or salesperson who fails to give the statutory title notice to the buyer at or before closing A) will have the license suspended without reinstatement for two years. B) must forfeit the entire commission on the subject transaction but in so doing is absolved of any other liability. C) may have the license suspen...