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TEXAS LAW OF AGENCY EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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1-1 A special agent is also referred to as a(n): - ACCURATE ANSWERlimited agent 1-2 The role of the _____ never changed in a listing or buyer representation agreement: - ACCURATE ANSWERthird party 1 Exam In Texas, a broker may offer a limited form of representation to both parties called: ...

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  • August 13, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • TEXAS LAW OF AGENCY
  • TEXAS LAW OF AGENCY

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TEXAS LAW OF AGENCY EXAM
TEXAS LAW OF AGENCY EXAM WITH GUARANTEED ACCURATE ANSWERS |
VERIFIED




1-1
A special agent is also referred to as a(n): - ACCURATE ANSWER✅✅limited
agent


1-2
The role of the _____ never changed in a listing or buyer representation agreement:
- ACCURATE ANSWER✅✅third party


1 Exam
In Texas, a broker may offer a limited form of representation to both parties called:
- ACCURATE ANSWER✅✅intermediary


1 Exam

,The role of each cast member (agent, principal, third party) plays is determined by
the type of _____ used. - ACCURATE ANSWER✅✅employment agreement


1 Exam
A(n) _____ is someone who seeks the services of a real estate broker without the
protection of an agency relationship. - ACCURATE ANSWER✅✅customer


1 Exam
A(n) _____ is a written document that gives a person legal authority to act on
behalf of another person. - ACCURATE ANSWER✅✅power of attorney


1 Exam
Agency relationships are party of the body of law called the: - ACCURATE
ANSWER✅✅law of agency


1 Exam
A broker is a person who holds a broker license issued by: - ACCURATE
ANSWER✅✅TREC


1 Exam
In a real estate agency relationship, an agent is anyone who acts on behalf of
another. Though a salesperson can and does act on behalf of a client, the formal
relationship is with the: - ACCURATE ANSWER✅✅broker


1 Exam
A client is represented by a(n): - ACCURATE ANSWER✅✅agent


2 Exam

, A new listing comes on the market and you immediately show it to your buyer-
client. The next day, the listing agent informs you that the sellers are moving out-
of-state and need the property sold by the end of the month. As a buyer's agent, you
are: - ACCURATE ANSWER✅✅required to disclose this information ASAP
(your client is entitled to know whatever facts you know as soon as you have
knowledge.)


2 Exam
Reasonable care, also known as due care, refers to: - ACCURATE
ANSWER✅✅the amount of care that an average, rational person would take
under the same or similar circumstances.


2 Exam
A listing agent must disclose to a third party all of the following, except: -
ACCURATE ANSWER✅✅-known defects in the property
-AN AGENT'S OPINION OF VALUE OF PRICE
-soil or drainage problems
-matters affecting title


2 Exam
As a listing agent, which of the following requires disclosure to both buyer and
seller? - ACCURATE ANSWER✅✅-CONDITIONS AFFECTING TITLE
-ITEMS RELATING TO SURVEY OR LOGICAL INFO
-ENVIRONMENTAL ISSUES OR HEALTH SAFETY HAZARDS


2 Exam
The willingness to follow the orders of others is known as: - ACCURATE
ANSWER✅✅obedience

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