Express implied customary - Study guides, Class notes & Summaries
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RECA Quiz Review Questions [100% Correct Answers]
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RECA Quiz Review Questions [100% 
Correct Answers] 
Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an action 
proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid...
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MBA 650-Ch 5 || All Questions Answered Correctly.
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Agency relationships: 
a. do not necessarily need to be in writing. 
b. are consensual in nature. 
c. are typically formed by agreement of the parties. 
d. All of these answers are correct. correct answers d. All of these answers are correct. 
 
Agents for sales of real property: 
a. must follow the equal dignities rule contracting on the principal's behalf. 
b. must follow the equal dignities rule except when they will bind the principal. 
c. All of these answers are correct. 
d. are normally ...
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RECA Quiz Review Questions (with Complete Solutions)
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Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Alber...
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Quiz Review Questions with Correct Answers
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Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Alber...
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Law of Agency - Champions School of Real Estate Exam 2024
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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. 
 
Texas Real Estate Commission TREC - Was created ...
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Con 3900 Test Prep Questions with Answers
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Express Actual Authority: Authority explicitly given to the agent through the principal's written or oral instructions 
 
Implied Actual Authority: authority to do what is usual, customary and necessary to accomplish the action. No express agreement 
 
Apparent Authority: someone reasonably believes an individual has the authority to act on the behalf of the government 
 
Delegation of authority: he FAR and states that each authority is delegable unless specifically stated otherwise (FAR 1.108(...
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers,100% CORRECT
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Nursing Informatics Certification Exam, ANCC Informatics, ANCC Nursing Informatics Certification Review 629 Questions with Answers 
 
Meta structure of NI - CORRECT ANSWER The ability of the nurse to utilize data, information, and knowledge to make wise clinical decisions. 
 
Definition of Nursing Informatics - CORRECT ANSWER A speciality that integrates nursing science with multiple information and analytical sciences to identify, define, manage and communicate data, information, knowledge and ...
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Con 3900 Complete Questions & Answers (Graded A)
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Express Actual Authority: - ANSWERSAuthority explicitly given to the agent through the principal's written or oral instructions 
 
Implied Actual Authority: - ANSWERSauthority to do what is usual, customary and necessary to accomplish the action. No express agreement 
 
Apparent Authority: - ANSWERSsomeone reasonably believes an individual has the authority to act on the behalf of the government 
 
Delegation of authority: - ANSWERShe FAR and states that each authority is delegable unless speci...
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Con 3900|463 40 Questions with 100% Correct Answers | Verified|72 Pages
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Express Actual Authority: - ️️Authority explicitly given to the agent through the principal's written or oral instructions 
 
Implied Actual Authority: - ️️authority to do what is usual, customary and necessary to accomplish the action. No express agreement 
 
Apparent Authority: - ️️someone reasonably believes an individual has the authority to act on the behalf of the government 
 
Delegation of authority: - ️️he FAR and states that each authority is delegable unless specifica...
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RECA Quiz Review Questions and Answers Rated A
- Exam (elaborations) • 79 pages • 2023
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Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of 
performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an 
action proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid authorization from RECA and is registered with a 
brokerage in Al...
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