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Exam: Law of Agency - Champions questions and answers graded A+ 2024/2025
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Exam: Law of Agency - Champions questions and answers graded A+ 2024/2025
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Exam: Law of Agency - ChampionsWhich of the following has the authority to droop or revoke a Texas actual property license? -
ANSTREC
Which of the following is an detail of a list settlement? - ANSthe settlement to pay a said fee,
generally a percentage of the income rate
the IRS considers which of the subsequent a violation of unbiased contractor fame? -
ANSsalesperson is told to work set hours, assured a month-to-month minimal wage, has his
licensing fees paid by using the dealer
the TAR buyer illustration settlement in or text book: - ANSauthorizes intermediary,
authorizes the purchaser to present the agent complete loyalty, establishes an unique
market vicinity
The amendments in 1996 to the License Act country that an agent isn't always chargeable
for a misrepresentation or concealment of cloth truth by using a celebration if: - ANSThe
licensee did no longer understand of the falsity of the misrepresentation
One who hires an agent to symbolize him is referred to as a: - ANSprincipal
It is usually a great idea to have: - ANSThe supplier fill out the Seller's Disclosure Notice
A real estate brokerage firm that practices customer company handiest has a number of
middleman transactions. - ANSfalse
Which of the subsequent is a statutory defense for a lawsuit brought about with the aid of
DTPA? - ANSWritten statistics acquired from a government record
A licensee isn't always answerable for a misrepresentation or a concealment of a material
reality made with the aid of a party to a actual estate transaction if the vendor did now not
disclose it to the agent. - ANStrue
Actual awareness of a falsity, deception, or unfairness of an act underneath DTPA is called: -
ANSknowingly
The TREC changed into established in: - ANS1949
an exemption to the usage of the Information About Brokerage Services form is: - ANSa
lease for no longer extra than 1 yr
listings may be terminated at any time through mutual settlement - ANStrue
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