Texas State Portion Real Estate Exam | Questions & Answers Verified By Experts (GRADED A)
Texas State Portion Real Estate Exam | Questions & Answers Verified By Experts (GRADED A) Texas State Portion Real Estate Exam | Questions & Answers Verified By Experts (GRADED A) Texas State Portion Real Estate Exam | Questions & Answers Verified By Experts (GRADED A) Texas State Portion Real Estate Exam | Questions & Answers Verified By Experts (GRADED A) Who is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? - ANSWER - The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency agreement. what is the distinction between sales contracts and option contracts? - ANSWER - One characteristic of sales contracts is mutual obligation. Option contracts lack mutual obligation. The buyer in an option contract is not obligated to buy. A listing agreement must contain: - ANSWER - a standard street address is sufficient. If the commission investigates a complaint and determines that an individual's real estate license should be suspended or revoked, the licensee is entitled to a hearing before the commission within how many days after the commission reaches its decision? - ANSWER - A licensee who faces suspension or revocation of their license is
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