Law of agency champions Study guides, Class notes & Summaries
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![Law of Agency – Champions Exam Questions and Answers (Graded A)](/docpics/641dd40c69242_2511444.jpg)
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Law of Agency – Champions Exam Questions and Answers (Graded A)
- Exam (elaborations) • 4 pages • 2023
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - 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? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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Law of Agency – Champions Exam Correct Questions & Answers Accurate 100%
- Exam (elaborations) • 5 pages • 2023
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Which of the following has the authority to suspend or revoke a Texas real estate license? - ANSWERSTREC 
 
Which of the following is an element of a listing agreement? - ANSWERSthe 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? - ANSWERSsalesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer represen...
![Champions Real Estate Exam: Law of Agency Latest Update 100% Pass](/docpics/5400012/664dddcc9f04a_5400012_121_171.jpeg)
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Champions Real Estate Exam: Law of Agency Latest Update 100% Pass
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Champions Real Estate Exam: Law of 
Agency Latest Update 100% Pass 
 
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. Express authority 
 
This is the most limited of all the agency relationships Special agency 
 
This type of agency is created when a 3rd p...
![Champions Real Estate Exam: Law of Agency questions and answers](/docpics/4332662/65b2d901cf0d9_4332662_121_171.jpeg)
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Champions Real Estate Exam: Law of Agency questions and answers
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Champions Real Estate Exam: Law of Agency questions and answers
![Champions School of Real Estate Law of Agency – Questions and Answers Already Passed](/docpics/5378705/664bb6b174ae6_5378705_121_171.jpeg)
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Champions School of Real Estate Law of Agency – Questions and Answers Already Passed
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Champions School of Real Estate Law of 
Agency – Questions and Answers 
 
Already Passed 
 
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 to the agent 
 
Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the 
public against unscr...
![Law of Agency - Champions School of Real Estate Latest Update Graded A+](/docpics/4397421/65bc1c23dadb1_4397421_121_171.jpeg)
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Law of Agency - Champions School of Real Estate Latest Update Graded A+
- Exam (elaborations) • 16 pages • 2024
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Law of Agency - Champions School of Real Estate Latest Update Graded A+ 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 to the agent 
Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents...
![Champions Law of Agency questions and answers 2024](/docpics/4332925/65b2e293ddb6b_4332925_121_171.jpeg)
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Champions Law of Agency questions and answers 2024
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Champions Law of Agency questions and answers 2024
Champions Real Estate Exam: Law of Agency(Completed)2023
![Champions real estate principles of real estate 1 in 2022 latest update](/docpics/2713280/6458d060831f0_2713280_121_171.jpeg)
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Champions real estate principles of real estate 1 in 2022 latest update
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Champions real estate principles of real estate 1 in 2022 latest updatebrokerage - correct answer A business that pertains to overseeing the needs of the parties and completing a transaction they may or may not involve agency relationships 
 
Real Estate Development - correct answer Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. 
 
immobility - correct answer It's a physical characteristic of land that cannot be moved 
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![Law of Agency – Champions Exam Questions with correct Answers](/docpics/2862302/647f88c7f00b4_2862302_121_171.jpeg)
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Law of Agency – Champions Exam Questions with correct Answers
- Exam (elaborations) • 4 pages • 2023
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - 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? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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