SMARTSCORE EXAMS

Champions School Of Real Estate Law Of Agency Test Quiz Latest Version 2023 What is Agency? - CORRECT ANS - -Agency relationship exists when one person the agent, acts for or on behalf of the other person the principal, also known as the client. - It is a fiduciary relationship meaning the relationship is based on trust. - Agent must always remain loyal to the client. Client - CORRECT ANS - A broker works for a client. And has a fiduciary duty to represent the best interest of a clie...

Champions School Of Real Estate Law Of Agency Chapter Quiz Latest Version An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. - CORRECT ANS - Agent, principal Which of the following is ground for suspension or revocation of license by TREC? - CORRECT ANS - Splitting commission with a person other than a license holder The commission can deny licensure to an applicant based on the applicants? - COR...

Texas Real Estate Law of Agency – Champions Exam 2023 Solution 100% Correct 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 seller must: - CORRECT ANS - Fill out the Seller's Disclosure Notice A real estate brokerage firm that practices buyer agency only h...

Law of Agency Champions 2018 Exam Solution 100% Correct Protection against damage or loss - CORRECT ANS - Indemnification Relationship, meaning that it is a relationship based on trust. - CORRECT ANS - Fiduciary A relationship between two parties - CORRECT ANS - Agency A person who receives limited brokerage services without establishing an agency relationship - CORRECT ANS - Customer Also known as the principal - CORRECT ANS - Client ______________ Makes it illegal to practice...

Champions Real Estate Exam Law of Agency solution A+ GUARANTED This person hires an agent - CORRECT ANS - The Principal The agent works on behalf of this person - CORRECT ANS - the client (principal) This type of agency allows for the greatest range of authority - CORRECT ANS - Universal This is provided to the agent when there is written documentation that the agency relationship exists. - CORRECT ANS - Express authority This is the most limited of all the agency relationships...

Law of Agency - Champions School of Real Estate Exam 2023 solution The principal is also known as - CORRECT ANS - client Fiduciary relationship - CORRECT ANS - a relationship founded on trust and confidence Agency Relationship - CORRECT ANS - Exists when one person (the agent) acts for, or on Behalf of another person (the principal). The principal - CORRECT ANS - is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA - CORRECT ANS - Was passed ...

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...

LSAT Prep Questions With 100% Correct Answers GRADED A+ LOGICAL: Laird: Pure research provides us with new technologies that contribute to saving lives. Even more worthwhile than this, however, is its role in expanding our knowledge and providing new, unexplored ideas. Kim: Your priorities are mistaken. Saving lives is what counts most of all. Without pure research, medicine would not be as advanced as it is. A) Laird and Kim disagree on whether pure research derives its significan...

[Fema IS 200.C] ICS-200 Exam 100% Correct GRADED A+ ____________ means that each individual has a designated supervisor to whom they report to at the scene of the incident - CORRECT ANS - Unity of command ________ allows agencies with different legal, geographic, and functional authorities and responsibilities to work together effectively w/o affecting individual agency authority, responsibility, or accountability - CORRECT ANS - Unified command ________ refers to the orderly line o...

FEMA IS-800-D Exam Q&A Latest 2023 Solution