100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEXAS LAW OF AGENCY ACEABLE PRACTICE TESTS4 QUESTIONS AND ANSWERS $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Aceable Agent: Real Estate Principles
  4.  
  5. Aceable Agent: Real Estate Principles

Exam (elaborations)

TEXAS LAW OF AGENCY ACEABLE PRACTICE TESTS4 QUESTIONS AND ANSWERS
 6 views  0 purchase
  • Course
  • Aceable Agent: Real Estate Principles
  • Institution
  • Aceable Agent: Real Estate Principles

Insansintermediarystransaction,sthesconsequencesstosthessellersandsbuyersaresallsofsthesfollowingsEXCEPT: A)sTheyswillsnotshavesfullsdisclosuresfromsthesbrokersaboutsanythingsconfidentialsaboutsthesothersparty. B)sTheyswillsreceiveslimitedsfiduciarysdutiessfromsthesbroker. C)sTheyswillshavesto...

[Show more]

Preview 3 out of 17  pages

Document information

  • August 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • insansintermediarystransactionsthesconsequencess
  • texas law of agency aceable practice tests4 questi

Written for

  • Aceable Agent: Real Estate Principles
  • Aceable Agent: Real Estate Principles

Seller

avatar-seller
AGRADEPROMASTER

Reviews received

Content preview

TEXAS LAW OF AGENCY ACEABLE
PRACTICE TESTS4 QUESTIONS AND
ANSWERS
Insansintermediarystransaction,sthesconsequencesstosthessellersandsbuyersaresallsofsthesfoll
owingsEXCEPT:

A)sTheyswillsnotshavesfullsdisclosuresfromsthesbrokersaboutsanythingsconfidentialsaboutsthe
sothersparty.

B)sTheyswillsreceiveslimitedsfiduciarysdutiessfromsthesbroker.
C)sTheyswillshavestostakesthestransactionsoutsofshouse.
D)sTheyswillsnotshavescompletesloyaltysfromsthesbroker.s-sans--
C)sTheyswillshavestostakesthestransactionsoutsofshouse.

Sarahsissaslistingsagent.sWhenstalkingstosaspotentialsbuyer,sshescansdosallsofsthesfollowings
EXCEPT:

A)sGivesallsrequiredsdisclosures
B)sGivesadvicesaboutspricesnegotiation
C)sPointsoutsthesproperty'sswonderfulsfeatures
D)Helpswithsthesloansapplications-sans--B)sGivesadvicesaboutspricesnegotiation

Asrealsestatesbrokeragesadvertisessthatstheyswillslistspropertysforsaslowscommission.sLater,
sthessellersfindssoutsthatshesadvertisedslowscommissionsisscontingentsuponsthessellerssigni

ngsas12-
monthslistingsandsagreeingstosdosallsofsthesshowingssthemselves.sIssthesbrokeragesguiltyso
fsasviolation?

A)sNo,sthississjustsmarketing.
B)sYes,stheysaresguiltysofsmisrepresentation.
C)sNo,sasslongsassthescompanysnotifiessthessellersofsthissinswriting.
D)sYes,sonlyslicensedsagentsscansdosshowings.s-sans--
B)sYes,stheysaresguiltysofsmisrepresentation.

AllsofsthesfollowingsstatementssarestruesEXCEPT:

A)sTARsBuyer'ssRepresentationsAgreementssaressimilarstosTARsListingsAgreements.
B)sTheresissnoscommissionsagreementsinsthesBuyersRepresentationsAgreement.
C)sBuyersRepresentationsAgreementssneedstosbessignedsbysthesbuyerssandsthesagent.
D)sBuyersRepresentationsAgreementssneedstosbesinswriting.s-sans--
B)sTheresissnoscommissionsagreementsinsthesBuyersRepresentationsAgreement.

,Asbrokersusesstheswords"broker"sinsansadvertisement.sIssthissinscomplianceswithscurrentsa
dvertisingsrules?

A)sNo.sAdssshouldsnotsincludestheswords"broker."
B)sYes.sAllsadsslistedsbysbrokerssaresrequiredstosusestheswords"broker"sinsthesad.
C)sNo.sWhilesansagentsshouldsputstheswords"agent,"sasbrokersshouldsnotsusestheswords"br
oker,"sassit'ssassumed.
D)sYes.sAdsscansusestheswords"broker,"sbutstheysaresnotsrequiredsto.s-sans--
D)sYes.sAdsscansusestheswords"broker,"sbutstheysaresnotsrequiredsto.

Alice,sansagent,saccidentallystoldsasbuyersthesseller'ssmotivationsforsselling.sWouldsthissbes
coveredsbysE&Osinsurance?sWhy,sorswhysnot?

A)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions.
B)sNo.sE&OsinsurancesdoessNOTsprotectsagentssandsbrokerssinstheseventsofsaccidentalsle
galsviolations.
C)sNo.sE&Osinsurancesonlysprotectssagentssandsbrokerssinstheseventsofsintentionalswrong
doing.
D)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions,sasswellsassintentionalswrongdoing.s-sans--
A)sYes.sE&Osinsurancesprotectssagentssandsbrokerssinstheseventsofsaccidentalslegalsviolat
ions.

Richardshassdecidedstossellshisshomesats2635sCason.sHissagent,sVincent,sposteds2635sCa
sonsonsthesMLSsandsshowedstheshomestosseveralsprospectivesbuyers,sincludingsLilysands
Lily'ssagent,sMargaret.sEventually,sRichardsacceptedsLily'ssoffer.sVincentsissbestsdefinedsa
ssa:

A)sBuyer'ssagent
B)sLandlord'ssagent
C)sTenant'ssagent
D)sListingsagents-sans--D)sListingsagent

Ashleysisshouse-
huntingsandsfindssashomessheslikessbeingssoldsbysthesowner.sNowsthatsAshleysissintereste
d,sneithersshesnorsthesownersknowsswhatstosdosnext.sAshleysasksshersfriendsBill,sasrealsest
atesagent.sHesadvisesshersandshelpssherswithsdocumentssforsnosfee.sWhatstypesofsrelation
shipshassformed?

A)sExpresssagency
B)sDualsagency
C)sImpliedsagency
D)sLimitedsagencys-sans--C)sImpliedsagency

, George'ssbuyersclientshassdecidedstosmakesansoffersonsaspropertysthatsisslistedsbysGeorge
'ssbrokeragesfirm.sGeorge'ssbroker'ssagencyspolicyssayssheswillsbecomesansintermediarysr
epresentativeswithsansappointmentstoshelpsthesbuyer.sWhatsfurthersactionsmustsGeorgesta
kesbeforesproceeding?

A)sGeorgesmustsensuresheshasswrittensauthorizationsfromsbothsbuyersandssellerstosentersa
nsintermediarysrelationship.
B)sGeorgesmaysnotsproceedsregardlesss-sintermediarysrepresentationsissillegalsinsTexas.
C)sGeorgesmustsensureshesobtainsswrittenspermissionsfromshissbuyersclient.
D)sNone,sGeorgesissconformingstoshissbroker'sspolicy.s-sans--
A)sGeorgesmustsensuresheshasswrittensauthorizationsfromsbothsbuyersandssellerstosentersa
nsintermediarysrelationship.

Ansagentsisscleaningsupshissoffice.sHesfindsscontractssfromsthreesyearssago.sHeswantsstost
hrowsthemsawaystosmakesroomsforsnewsfiles.sCanshe?

A)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfivesyears
.
B)sYes.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsonesyear
,sandsitshassbeensthreesyears.
C)sYes.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofstwosyear
s,sandsitshassbeensthreesyears.
D)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfoursyears
.s-sans--
D)sNo.sTRECsrequiressthatsrecordsssuchsasscontractssbeskeptsforsasminimumsofsfoursyears
.

Ansintermediarysmightsalsosbesreferredstosas:

A)sAsbrokersrepresentingsbothspartiessinsastransaction
B)sAssubagentsrepresentingsthesinterestssofstwospartiessinsastransaction
C)sAssinglesactingsagentsrepresentingsbothspartiessinsastransaction
D)sAscooperatingsagentsrepresentingstwospartiessinsastransactions-sans--
A)sAsbrokersrepresentingsbothspartiessinsastransaction

Donald,sassalessagent,stellssaspotentialsbuyersthatsifstheyspurchasestheshouseswithinsthesn
extsweek,shissbrokerswillsthrowsinsas10%sdiscount.sDonaldsknowssthatsit'ssverysdoubtfulstha
tshissbrokerswouldsdosthis.sDidsDonaldscommitsaslicensesviolation?

A)sYes,sDonaldsmadesasfalsespromiseslikelystosinfluencesaspersonstosentersintosansagreem
ent,swhichsissaslicensesviolation.
B)sNo,sDonaldsdidsnothingswrong,sassheswassjuststryingstossecuresassale.
C)sYes,sDonaldscommingledsfunds,swhichsissaslicensesviolation.
D)sNo,sDonaldsdidsnothingswrong,sbecauseshissclientsshouldsknowsthatsonlysbrokersscans
makespromisesslikesthat.s-sans--

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AGRADEPROMASTER. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart