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Exam Law of Agency - Champions Questions and Correct Answers (elaborations) with 100% Accurate , Verified , Latest fully Updated , 2024/2025 ,Already Passed , Graded A+, Complete solutions guarantee distinctions Rationales

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Exam Law of Agency - Champions Questions and Correct Answers (elaborations) with 100% Accurate , Verified , Latest fully Updated , 2024/2025 ,Already Passed , Graded A+, Complete solutions guarantee distinctions Rationales

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  • August 3, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • exam law of agency champions
  • exam law of agency champions questions and corr

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  • Social Science Law
  • Social Science Law

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Exam: Law of Agency - Champions
_______ means that, if a single agent in the firm is working with both buyer and seller, another agent in the firm
needs to be brought into the transaction so appointment can be made. - ✔✔Intermediary with appointments
only

A broker has the power to terminate an agency agreement early, - ✔✔If the principal is not cooperating with
the broker's efforts to market the property

A broker is obligated to treat which of the following fairly? - ✔✔customers, sellers, clients

A broker is representing both sides in an in-house transaction. In this case, the broker is the: -
✔✔intermediary

a broker usually establishes buyer representation through a form known as a: - ✔✔buyer representation
agreement

A licensee has a listing with a seller and has a buyer's representation agreement signed with a buyer who
desires to purchase this agent's listing. How is the agent operating? - ✔✔As a non-appointed associate in an
intermediary relationship

A licensee is not liable for a misrepresentation or a concealment of a material fact made by a party to a real
estate transaction if the seller did not disclose it to the agent. - ✔✔true

a licensee must present the information about brokerage services form: - ✔✔at the first substantive discussion
of a possible transaction

A licensee not associated with the client's broker but who is representing the client through a cooperative
agreement with the client's broker is known as a: - ✔✔subagent

A listing is terminated by any of the following, EXCEPT: - ✔✔The passage of exactly one year since the
agreement was signed

A real estate agent generally gets paid: - ✔✔commission

A real estate brokerage firm that practices buyer agency only has a lot of intermediary transactions. - ✔✔false

A signed employment agreement is necessary to: - ✔✔sue for commission

a termination date on a listing must be: - ✔✔definite

According to TREC advertising rules, the definition of advertisement includes all of the following, EXCEPT: -
✔✔Communication from a licensee to his or her client

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