Texas law of agency - Study guides, Class notes & Summaries

Texas Private Security Act CH. 1702.004(a) - General Provisions - Answer (a) The board, in addition to performing duties required by other law or exercising powers granted by other law: (1) licenses investigations companies and security services contractors; (2) issues commissions to certain security officers; (3) issues endorsements to certain security officers engaged in the personal protection of individuals; (4) registers and endorses: (A) certain individuals connected with a license ho...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Which entity may act independently in conducting a real estate transaction? - Answer Broker Which of the following is NOT a growing trend in real estate transactions? 1. Lower consumer expectations. 2. Use of buyer brokerage. 3. Legal protections for consumers. 4. Greater licensee professionalism. - Answer 1. Lower consumer expectations A licensee is prohibited from performing which of the following for a customer? 1. Discuss different types of mortgages. 2. Handle the cus...

Texas Law of Agency

Texas Law of Agency (FINAL EXAM) Questions And Answers Price fixing, boycotting and redlining are violations of - ANS Federal Antitrust Laws Errors and omission insurance covers brokers and agents for - ANS mistakes made in in listing and sales activities When presenting an offer to listing agent, the buyer's agent should NOT - ANS Disclose that the buyer is willing to pay more The listing broker should NOT disclose - ANS A registered sex offender lives next door One time ...

Final Review-Texas Law of Agency Exam Questions And Answers Intermediary Agency - ANS where a licensee represents both sides of a transaction in an agent-client capacity Special Agency - ANS AKA specific agency. The principal delegates authority to conduct a specific activity, after which the agency relationship terminates. In most cases, the special agent may not bind the principal to a contract. In most instances, real estate brokerage is based on a special agency. The principal hires...

Texas Law of Agency questions and answers

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. The Committee has _____ members appointed by the Commission. - correct answers.12 The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act A successful career in real estate requires someone to: - correct a self-started. A peak is characterized as the __________ turni...

Texas Law of Agency Final Exam – RELE 2301

Insansintermediarystransaction,sthesconsequencesstosthessellersandsbuyersaresallsofsthesfollowingsEXCEPT: A)sTheyswillsnotshavesfullsdisclosuresfromsthesbrokersaboutsanythingsconfidentialsaboutsthesothersparty. B)sTheyswillsreceiveslimitedsfiduciarysdutiessfromsthesbroker. C)sTheyswillshavestostakesthestransactionsoutsofshouse. D)sTheyswillsnotshavescompletesloyaltysfromsthesbroker.s-sans--C)sTheyswillshavestostakesthestransactionsoutsofshouse. Sarahsissaslistingsagent.sWhenstalkingstos...