Law of Agency Actual Questions and Correct Answers
Q1
Intermediary is not limited to residential transactions. It will also be applied to: all listing
arrangements. all buyer representation agreements. c. farm and ranch and commercial and
industrial transactions when parties are represented by the same broker. d. all loans
Answer: farm and ranch and commercial and industrial transactions when parties are
represented by the same broker
Q2
Example of employment agreements are the: a. listing agreement. b. buyers representation
agreement. c. both a and b. d. neither a or b.
Answer: both a and b
Q3
The TRELA does not require disclosure if a death occurred on a property by: a. natural causes.
b. suicide. c. accident unrelated to the condition of the property. d. all of the above.
Answer: all of the above
Q4
When the listing broker shows the listing to someone and implies that the broker is
representing that person, it is. a. intentional dual representation. b. unintended dual
representation. c. universal agency. d. special representation.
Answer: unknown, not a.
Q5
In order for the agent to sue for commission in a court of law, the agent must: a. no agreement
is required. b. an agent is not allowed to sue the principal. c. have a written agreement with
principal. d. the agent is allowed to sue if he has a written or verbal agreement with the
principal.
Answer: have a written agreement with principal
, Q6
The one to four residential contract (resale) is the form used to make an offer on a property. It
becomes the contract when: a. a lawsuit affects the property. b. the buyer has signed the form.
c. the offer is made to the seller. d. all parties have signed.
Answer: all parties have signed
Q7
The clients duties include: a. compensation and cooperation. b. indemnification c. information.
d. all of the above
Answer: all of the above
Q8
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form the broker is
authorized to execute documents in the name or on the behalf of the seller concerning the
property. a. true. b. false.
Answer: false
Q9
The Civil Rights Act of 1968 was amended in1974 to include: a. handicap. b. race. c.sex.
d.familial status.
Answer: sex
Q10
The listing broker agrees to pay the other broker in the. a. TRELA. b. IREM agreement. c. TREC
sales contract. d. IABS
Answer: TREC sales contract
Q11
The broker or his sponsored salesperson must always discuss the types of agency offered by
the company with the seller or buyer can make a decision about how they wish to be
represented. a. true. b. false.
Answer: true
Q1
Intermediary is not limited to residential transactions. It will also be applied to: all listing
arrangements. all buyer representation agreements. c. farm and ranch and commercial and
industrial transactions when parties are represented by the same broker. d. all loans
Answer: farm and ranch and commercial and industrial transactions when parties are
represented by the same broker
Q2
Example of employment agreements are the: a. listing agreement. b. buyers representation
agreement. c. both a and b. d. neither a or b.
Answer: both a and b
Q3
The TRELA does not require disclosure if a death occurred on a property by: a. natural causes.
b. suicide. c. accident unrelated to the condition of the property. d. all of the above.
Answer: all of the above
Q4
When the listing broker shows the listing to someone and implies that the broker is
representing that person, it is. a. intentional dual representation. b. unintended dual
representation. c. universal agency. d. special representation.
Answer: unknown, not a.
Q5
In order for the agent to sue for commission in a court of law, the agent must: a. no agreement
is required. b. an agent is not allowed to sue the principal. c. have a written agreement with
principal. d. the agent is allowed to sue if he has a written or verbal agreement with the
principal.
Answer: have a written agreement with principal
, Q6
The one to four residential contract (resale) is the form used to make an offer on a property. It
becomes the contract when: a. a lawsuit affects the property. b. the buyer has signed the form.
c. the offer is made to the seller. d. all parties have signed.
Answer: all parties have signed
Q7
The clients duties include: a. compensation and cooperation. b. indemnification c. information.
d. all of the above
Answer: all of the above
Q8
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form the broker is
authorized to execute documents in the name or on the behalf of the seller concerning the
property. a. true. b. false.
Answer: false
Q9
The Civil Rights Act of 1968 was amended in1974 to include: a. handicap. b. race. c.sex.
d.familial status.
Answer: sex
Q10
The listing broker agrees to pay the other broker in the. a. TRELA. b. IREM agreement. c. TREC
sales contract. d. IABS
Answer: TREC sales contract
Q11
The broker or his sponsored salesperson must always discuss the types of agency offered by
the company with the seller or buyer can make a decision about how they wish to be
represented. a. true. b. false.
Answer: true
