Texas RE Exam 03 Question and answers correctly solved

Texas RE Exam 03 Question and answers correctly solved A broker acting as an intermediary to the sale of a single-family dwelling would be acting lawfully and ethically if he disclosed which information? A) That the seller will accept $5,000 less than the asking price. B) That the buyers are able and willing to pay $5,000 more than the asking price. C) That the sellers are on the verge of bankruptcy, and need to sell immediately even if they have to sell at a loss. D) That both parties have agreed to pay a portion of the broker's compensation. - correct answer D) That both parties have agreed to pay a portion of the broker's compensation. In serving as an intermediary between parties, a broker must represent both parties honestly. In acting as intermediary, the broker should not disclose confidential information about either party but they must disclose that both parties have agreed to pay a portion of the broker's commission A salesperson has a policy of not charging a fee to prospective renters because she receives a commission from local landlords for each qualified rental. A wealthy renter hires the salesperson to represent him to find a suitable apartment. Can the salesperson inform the landlord that the renter can afford a higher rent? A) Yes, because her loyalty is to the landlord who pays her commission. B) Yes, but only if she does not suggest a specific minimum amount that the renter can afford. C) No, although the landlord pays the salesperson a fee, her loyalty is to the renter since she is representing him. D) No, because it is unlawful for a salesperson to become involved in rental price negotiations. - correct a