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BUNDLED[ALL ABOUT LAW OF AGENCY :Champions Real Estate Exams ]2023
Champions Real Estate Exams
[Show more]Champions Real Estate Exams
[Show more]Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC 
Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price
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Add to cartWhich of the following has the authority to suspend or revoke a Texas real estate license? - TREC 
Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price
This person hires an agent - The Principal 
The agent works on behalf of this person - the client (principal) 
This type of agency allows for the greatest range of authority - Universal 
This is provided to the agent when there is written documentation that the agency relationship exists. -...
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Add to cartThis person hires an agent - The Principal 
The agent works on behalf of this person - the client (principal) 
This type of agency allows for the greatest range of authority - Universal 
This is provided to the agent when there is written documentation that the agency relationship exists. -...
The principal is also known as - client 
fiduciary relationship - a relationship founded on trust and confidence 
Agency Relationship - Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
the principal - is the one who hires and gives authority ...
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Add to cartThe principal is also known as - client 
fiduciary relationship - a relationship founded on trust and confidence 
Agency Relationship - Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
the principal - is the one who hires and gives authority ...
an exemption to using the IABS form - a lease that is not more than 1 year 
when on person, the agent, acts for or on behalf of another person, the principal, aka the client, it is known as - an agency relationship.
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Add to cartan exemption to using the IABS form - a lease that is not more than 1 year 
when on person, the agent, acts for or on behalf of another person, the principal, aka the client, it is known as - an agency relationship.
Fiduciary - A relationship based on trust 
Agency - A relationship between two parties 
Customer - A person who receives limited brokerage services without establishing an agency relationship/Also known as 3rd party.
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Add to cartFiduciary - A relationship based on trust 
Agency - A relationship between two parties 
Customer - A person who receives limited brokerage services without establishing an agency relationship/Also known as 3rd party.
The license holder must disclose all facts that he or she knows of or should reasonably be expected to know that materially affect the value of desirability of ___________, _____________, and _____________. - disclosure of agency, property condition and environmental hazard.
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Add to cartThe license holder must disclose all facts that he or she knows of or should reasonably be expected to know that materially affect the value of desirability of ___________, _____________, and _____________. - disclosure of agency, property condition and environmental hazard.
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