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Texas Law of Agency: Quiz Questions And Answers All Verified $14.49   Add to cart

Exam (elaborations)

Texas Law of Agency: Quiz Questions And Answers All Verified

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  • Course
  • Texas Law Of Agency
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  • Texas Law Of Agency

Texas Law of Agency: Quiz Questions And Answers All Verified Agent - ANS One who acts for and with authority from another, called the principal, is known as a/an...? Agent Attorney Employee Partner A Sponsoring Broker - ANS If an individual works as an associate broker, who must they...

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  • August 19, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Law Of Agency
  • Texas Law Of Agency
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Texas Law of Agency: Quiz Questions

Agent - ANS One who acts for and with authority from another, called the principal, is known
as a/an...?

Agent
Attorney




K
Employee
Partner




C
A Sponsoring Broker - ANS If an individual works as an associate broker, who must they work
under...?




LO
An associate licensee
An associate broker does not work under anyone
A real estate salesperson
A sponsoring broker
YC
Prospective Client - ANS The Information About Brokerage Services form is presented by the
broker to the...?

Associate agent
Escrow agent
Agent
D

Prospective client

Listing Contract - ANS Agency between a broker and principal is created through a/an...?
U



Listing contract
Purchase contract
ST




Independent contractor agreement
Any of the above

Customer - ANS The party the agent brings to the principal as a seller or buyer of the property
is known as a/an...?

Partner
Customer
Associate
Client

,A Real Estate Broker - ANS Which of the following can legally employ a real estate
salesperson to work on their behalf...?

An associate broker
A real estate broker
Another real estate salesperson
A real estate associate

Real Estate Broker - ANS Which of the following has the highest authority in an agency
relationship...?




K
Real estate salesperson
Real estate broker




C
Associate licensee
Associate broker




LO
All of the Above - ANS A real estate broker may sponsor which of the following...?

Associate licensee
Real estate salesperson
Associate broker
YC
All of the above

The Principal - ANS A real estate broker works for which of the following in a transaction...?

The customer
The lender
D

The principal
All of the above
U


Legislation - ANS Statutory law is derived from which of the following...?

Court decisions
ST




Legislation
Judge rulings
Common actions

Special Agency - ANS Which of the following is the most restrictive type of agency...?

Special agency
General agency
Specific agency
Universal agency

, Real Estate Broker - ANS A listing contract is signed between a principal and a...?

Real estate broker
Any of the above
Real estate salesperson
Associate licensee

Reasonable Care and Diligence - ANS According to this fiduciary duty, an agent must meet
deadlines set by the principal and/or client...?




K
Obedience
Loyalty
Confidentiality




C
Reasonable care and diligence

Confidentiality - ANS According to this fiduciary duty, an agent must keep confidential any




LO
information that may weaken the principal's bargaining position...?

Reasonable care
Loyalty
Confidentiality
YC
Obedience

Material Fact - ANS Any fact that would influence the decision of a reasonably prudent person
is known as a/an...?

Implied fact
D

Material fact
Constructive fact
Impartial fact
U


Universal Agent - ANS David is serving as a power of attorney for Sarah. David is serving as
what type of agent...?
ST




Universal agent
General agent
Specific agent
Special agent

Special Agency - ANS A buyer representation agreement between a buyer and broker creates
what type of agency...?

General agency
Special agency

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