Latest Law Of Agency Exam Elaboration [100% PASS] /verified/

Latest Law Of Agency Exam Elaboration [100% PASS] /verified/ One who agent is acting on the behalf of. *Ans* Principal One who is authorized to act for or in the place of another. *Ans* Agent Founded in trust or confidence. A relationship in trust. *Ans* Fiduciary Seller Kristin meets with angel and likes his plan for marketing her home. She decides to sign a listing agreement with him, thereby creating a _______ relationship. *Ans* Special Agency Broker Susan is representing the seller at we sell it fast Reality while broker Daniel from Daniel Daniels's properties is working with a buyer customer. Susan is representing the seller. Who is Daniel representing? *Ans* The Seller In Texas there is no ____ agency relationship with any party to a transaction. *Ans* Implied The commission charged is negotiated between the ____ and the ____ *Ans* Seller, broker A broker's responsibility for disclosure is limited to areas: *Ans* Accessible for visual inspection According to TREC's advertising rules which of the following terms MUST be used in a real estate team name? *Ans* Group License holder must not disclose whether or not a former tenant had ____ to potential buyers *Ans* AIDS or an HIV related disease TREC'S advertising rules require agents to include the broker's name, the brokerage name or the broker's _____ in at least 50%of the largest contact information font on all forms of advertising. *Ans* Assumed Name Any stigma that relates to a material defect in a property must be______ *Ans* Disclosed Subagency is: *Ans* When a license holder not associated with the sellers broker