Law of agency champions Study guides, Class notes & Summaries

champions school of real estate law of agency chapter quiz |74 questions and answers

Client Principal-agency relationship-in writting. Special agency Also known as Limited Agency General Agency The right to represent the principal in a particular type of transaction. Ostensible Agency Actions that lead another person to assume that one is an agent. Agency of Ratification An agent acts without proper auth. And when principal learns this they accept it. Agency of Estoppel When principal inadequately supervises an agent. Fiduciary Trust Uni...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Correct Answer--TREC Which of the following is an element of a listing agreement? - Correct Answer--the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Correct Answer--salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broke...

An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. - Answer- Agent, principal Which of the following is ground for suspension or revocation of license by TREC? - Answer- Splitting commission with a person other than a license holder The commission can deny licensure to an applicant based on the applicants? - Answer- Moral character What form must an agent provide to a potential client at the first su...

An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. Agent, principal Which of the following is ground for suspension or revocation of license by TREC? Splitting commission with a person other than a license holder The commission can deny licensure to an applicant based on the applicants? Moral character What form must an agent provide to a potential client at the first substantive discu...

champions school of real estate law of agency chapter quiz Questions and Correct Answers 2024 An agency relationship exists when one person, the ______________ acts for, or on the behalf of another person, the _____________________. - Answer -Agent, principal Which of the following is ground for suspension or revocation of license by TREC? - Answer -Splitting commission with a person other than a license holder The commission can deny licensure to an applicant based on the applicants? - A...

Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 1. a: Townhomes and single-family homes differ in that a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not o...

Champions Real Estate Exam- LAW OF AGENCY EXAM 2023 DOWNLOAD FOR BEST SCORES

Champions Real Estate Exam: Law of Agency Questions With Correct Answers.