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TEXAS LAW OF AGENCY ACEABLE PRACTICE TESTS4 QUESTIONS AND ANSWERS
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Insansintermediarystransaction,sthesconsequencesstosthessellersandsbuyersaresallsofsthesfollowingsEXCEPT: A)sTheyswillsnotshavesfullsdisclosuresfromsthesbrokersaboutsanythingsconfidentialsaboutsthesothersparty. B)sTheyswillsreceiveslimitedsfiduciarysdutiessfromsthesbroker. C)sTheyswillshavesto...

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  • August 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • insansintermediarystransactionsthesconsequencess
  • texas law of agency aceable practice tests4 questi

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  • Aceable Agent: Real Estate Principles
  • Aceable Agent: Real Estate Principles

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TEXAS LAW OF AGENCY ACEABLE
PRACTICE TESTS4 QUESTIONS AND
ANSWERS
Insansintermediarystransaction,sthesconsequencesstosthessellersandsbuyersaresallsofsthesfoll
owingsEXCEPT:

A)sTheyswillsnotshavesfullsdisclosuresfromsthesbrokersaboutsanythingsconfidentialsaboutsthe
sothersparty.

B)sTheyswillsreceiveslimitedsfiduciarysdutiessfromsthesbroker.
C)sTheyswillshavestostakesthestransactionsoutsofshouse.
D)sTheyswillsnotshavescompletesloyaltysfromsthesbroker.s-sans--
C)sTheyswillshavestostakesthestransactionsoutsofshouse.

Sarahsissaslistingsagent.sWhenstalkingstosaspotentialsbuyer,sshescansdosallsofsthesfollowings
EXCEPT:

A)sGivesallsrequiredsdisclosures
B)sGivesadvicesaboutspricesnegotiation
C)sPointsoutsthesproperty'sswonderfulsfeatures
D)Helpswithsthesloansapplications-sans--B)sGivesadvicesaboutspricesnegotiation

Asrealsestatesbrokeragesadvertisessthatstheyswillslistspropertysforsaslowscommission.sLater,
sthessellersfindssoutsthatshesadvertisedslowscommissionsisscontingentsuponsthessellerssigni

ngsas12-
monthslistingsandsagreeingstosdosallsofsthesshowingssthemselves.sIssthesbrokeragesguiltyso
fsasviolation?

A)sNo,sthississjustsmarketing.
B)sYes,stheysaresguiltysofsmisrepresentation.
C)sNo,sasslongsassthescompanysnotifiessthessellersofsthissinswriting.
D)sYes,sonlyslicensedsagentsscansdosshowings.s-sans--
B)sYes,stheysaresguiltysofsmisrepresentation.

AllsofsthesfollowingsstatementssarestruesEXCEPT:

A)sTARsBuyer'ssRepresentationsAgreementssaressimilarstosTARsListingsAgreements.
B)sTheresissnoscommissionsagreementsinsthesBuyersRepresentationsAgreement.
C)sBuyersRepresentationsAgreementssneedstosbessignedsbysthesbuyerssandsthesagent.
D)sBuyersRepresentationsAgreementssneedstosbesinswriting.s-sans--
B)sTheresissnoscommissionsagreementsinsthesBuyersRepresentationsAgreement.

,Asbrokersusesstheswords"broker"sinsansadvertisement.sIssthissinscomplianceswithscurrentsa
dvertisingsrules?

A)sNo.sAdssshouldsnotsincludestheswords"broker."
B)sYes.sAllsadsslistedsbysbrokerssaresrequiredstosusestheswords"broker"sinsthesad.
C)sNo.sWhilesansagentsshouldsputstheswords"agent,"sasbrokersshouldsnotsusestheswords"br
oker,"sassit'ssassumed.
D)sYes.sAdsscansusestheswords"broker,"sbutstheysaresnotsrequiredsto.s-sans--
D)sYes.sAdsscansusestheswords"broker,"sbutstheysaresnotsrequiredsto.

Alice,sansagent,saccidentallystoldsasbuyersthesseller'ssmotivationsforsselling.sWouldsthissbes
coveredsbysE&Osinsurance?sWhy,sorswhysnot?

A)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions.
B)sNo.sE&OsinsurancesdoessNOTsprotectsagentssandsbrokerssinstheseventsofsaccidentalsle
galsviolations.
C)sNo.sE&Osinsurancesonlysprotectssagentssandsbrokerssinstheseventsofsintentionalswrong
doing.
D)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions,sasswellsassintentionalswrongdoing.s-sans--
A)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions.

Richardshassdecidedstossellshisshomesats2635sCason.sHissagent,sVincent,sposteds2635sCa
sonsonsthesMLSsandsshowedstheshomestosseveralsprospectivesbuyers,sincludingsLilysands
Lily'ssagent,sMargaret.sEventually,sRichardsacceptedsLily'ssoffer.sVincentsissbestsdefinedsa
ssa:

A)sBuyer'ssagent
B)sLandlord'ssagent
C)sTenant'ssagent
D)sListingsagents-sans--D)sListingsagent

Ashleysisshouse-
huntingsandsfindssashomessheslikessbeingssoldsbysthesowner.sNowsthatsAshleysissintereste
d,sneithersshesnorsthesownersknowsswhatstosdosnext.sAshleysasksshersfriendsBill,sasrealsest
atesagent.sHesadvisesshersandshelpssherswithsdocumentssforsnosfee.sWhatstypesofsrelation
shipshassformed?

A)sExpresssagency
B)sDualsagency
C)sImpliedsagency
D)sLimitedsagencys-sans--C)sImpliedsagency

, George'ssbuyersclientshassdecidedstosmakesansoffersonsaspropertysthatsisslistedsbysGeorge
'ssbrokeragesfirm.sGeorge'ssbroker'ssagencyspolicyssayssheswillsbecomesansintermediarysr
epresentativeswithsansappointmentstoshelpsthesbuyer.sWhatsfurthersactionsmustsGeorgesta
kesbeforesproceeding?

A)sGeorgesmustsensuresheshasswrittensauthorizationsfromsbothsbuyersandssellerstosentersa
nsintermediarysrelationship.
B)sGeorgesmaysnotsproceedsregardlesss-sintermediarysrepresentationsissillegalsinsTexas.
C)sGeorgesmustsensureshesobtainsswrittenspermissionsfromshissbuyersclient.
D)sNone,sGeorgesissconformingstoshissbroker'sspolicy.s-sans--
A)sGeorgesmustsensuresheshasswrittensauthorizationsfromsbothsbuyersandssellerstosentersa
nsintermediarysrelationship.

Ansagentsisscleaningsupshissoffice.sHesfindsscontractssfromsthreesyearssago.sHeswantsstost
hrowsthemsawaystosmakesroomsforsnewsfiles.sCanshe?

A)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfivesyears
.
B)sYes.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsonesyear
,sandsitshassbeensthreesyears.
C)sYes.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofstwosyear
s,sandsitshassbeensthreesyears.
D)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfoursyears
.s-sans--
D)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfoursyears
.

Ansintermediarysmightsalsosbesreferredstosas:

A)sAsbrokersrepresentingsbothspartiessinsastransaction
B)sAssubagentsrepresentingsthesinterestssofstwospartiessinsastransaction
C)sAssinglesactingsagentsrepresentingsbothspartiessinsastransaction
D)sAscooperatingsagentsrepresentingstwospartiessinsastransactions-sans--
A)sAsbrokersrepresentingsbothspartiessinsastransaction

Donald,sassalessagent,stellssaspotentialsbuyersthatsifstheyspurchasestheshouseswithinsthesn
extsweek,shissbrokerswillsthrowsinsas10%sdiscount.sDonaldsknowssthatsit'ssverysdoubtfulstha
tshissbrokerswouldsdosthis.sDidsDonaldscommitsaslicensesviolation?

A)sYes,sDonaldsmadesasfalsespromiseslikelystosinfluencesaspersonstosentersintosansagreem
ent,swhichsissaslicensesviolation.
B)sNo,sDonaldsdidsnothingswrong,sassheswassjuststryingstossecuresassale.
C)sYes,sDonaldscommingledsfunds,swhichsissaslicensesviolation.
D)sNo,sDonaldsdidsnothingswrong,sbecauseshissclientsshouldsknowsthatsonlysbrokersscans
makespromisesslikesthat.s-sans--

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