Examen
Exam: Law of Agency – Champions/60 Questions and Answers- 100% Score!!!
- Grado
- Institución
Exam: Law of Agency – Champions/60 Questions and Answers- 100% Score!!!
[Mostrar más]Vista previa 2 fuera de 5 páginas
Vista previa 2 fuera de 5 páginas
Añadir al carrito
Añadir al carrito
2 reseñas
Por: yadiramagana9142 • 10 meses hace
Por: NurseSallyD • 10 meses hace
Thank you alot for your review. Much appreciated.
Por: ylopez0042 • 1 año hace
Por: NurseSallyD • 1 año hace
Thank you so much for the review.
Vendedor
Seguir
NurseSallyD
Comentarios recibidos
Vista previa del contenido
Exam: Law of Agency – Champions/60Questions and Answers
Which of the following has the authority to suspend or revoke a Texas real
estate license? - -TREC
-Which of the following is an element of a listing agreement? - -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? - -salesperson is told to work set hours, guaranteed a
monthly minimum wage, has his licensing fees paid by the broker
-the TAR buyer representation agreement in or text book: - -authorizes
intermediary, authorizes the buyer to give the agent complete loyalty,
establishes an exclusive market area
-The amendments in 1996 to the License Act state that an agent is not liable
for a misrepresentation or concealment of material fact by a party if: - -The
licensee did not know of the falsity of the misrepresentation
-One who hires an agent to represent him is called a: - -principal
-It is always a good idea to have: - -The seller fill out the Seller's Disclosure
Notice
-A real estate brokerage firm that practices buyer agency only has a lot of
intermediary transactions. - -false
-Which of the following is a statutory defense for a lawsuit brought about by
DTPA? - -Written information obtained from a government record
-A licensee is not liable for a misrepresentation or a concealment of a
material fact made by a party to a real estate transaction if the seller did not
disclose it to the agent. - -true
-Actual awareness of a falsity, deception, or unfairness of an act under DTPA
is known as: - -knowingly
-The TREC was established in: - -1949
-an exemption to using the Information About Brokerage Services form is: -
-a lease for not more than 1 year
-listings can be terminated at any time by mutual agreement - -true
, -fiduciaries are: - -Held to the highest degree of good faith, Required to
exclude selfish interest, Require to make disclosures of all relevant facts
-According to TREC advertising rules, the definition of advertisement
includes all of the following, EXCEPT: - -Communication from a licensee to
his or her client
-real estate agents owe certain non-fiduciary duties to customers such as: -
-honesty and fairness
-an unlicensed assistant may: - -host an open house
-the best way to create an agency relationship is to do so: - -in writing
-a licensee must present the information about brokerage services form: - -
at the first substantive discussion of a possible transaction
-when actions lead another person to assume that one is an agent, this is
known as: - -ostensible agency
-listings may be terminated by: - -death, insanity, mutual agreement
-when one person acts for another on their behalf it is known as: - -an
agency relationship
-Whether or not to appoint associates in an intermediary real estate
transaction is: - -At the discretion of the broker
-In Texas, Worker's Compensation must be paid for real estate agents by
brokers: - -false
-unlicensed assistants may: - -be a transaction coordinator
-a broker usually establishes buyer representation through a form known as
a: - -buyer representation agreement
-for a broker to act as an intermediary there must be: - -written consent
-the real estate agent works for or on behalf of a: - -client
-All of the following are included in the Canons of Professional Ethics for real
estate licensees, EXCEPT: - -patience
-data used for a CMA should be no older than: - -6 months
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseSallyD. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $6.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now