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

TX-Brokerage (SAE) Questions with correct Answers 2024 The _____ is required to ascertain that Brokers are aware of all of their responsibilities. Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. Broker Responsibility MCE Who Must Ta...

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

TEXAS LAW OF AGENCY ACEABLE PRACTICE TESTS

Real Estate: Texas Law of Agency Questions with Certified Solutions Agency A relationship established between a principal and a real estate agent Agent The person who is authorized to represent and act on the behalf of another person Brokerage Agreement A written or oral agreement for brokerage services in exchange for compensation Client A person who is being represented by an agent Consumer A person requesting or receiving licensed services Customer A person who is not represented by an a...

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...

Agency - ACCURATE ANSWERA relationship established between a principal and a real estate agent Agent - ACCURATE ANSWERThe person who is authorized to represent and act on the behalf of another person Brokerage Agreement - ACCURATE ANSWERA written or oral agreement for brokerage services in exchange for compensation Client - ACCURATE ANSWERA person who is being represented by an agent Consumer - AC

Aceable Law of Agency Review Exam Questions with 100% Correct Answers Here are the four major types of agency acts: - answerListing Buying Leasing Property Management TREC's purpose is to - answerregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds their characte...

Texas Law of Agency: Quiz Questions with Complete Solutions One who acts for and with authority from another, called the principal, is known as a/an...? Agent Attorney Employee Partner Agent If an individual works as an associate broker, who must they work under...? An associate licensee An associate broker does not work under anyone A real estate salesperson A sponsoring broker A Sponsoring Broker The Information About Brokerage Services form is presented by the broker to the...? Asso...

Texas Law of Agency: Mini-Quizzes with correct answers