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Exam Prep - State Portion IV - Trebs
Questions with Detailed Verified Answers
(100% Correct Answers) /Already Graded
A+
T4. When is an agent required to present a prospective seller with the Information About
Brokerage Services (IABS) form?
A. When the property is sold
B. At the first substantive discussion about a specific property
C. When the seller receives the first offer on the property
D. At the closing of the sale
Ans: B. At the first substantive discussion about a specific property. The Texas Real Estate
Licensing Act requires the Information About Brokerage Services be given at the first
substantive discussion about a property. The agent should present the form when the seller
begins to discuss selling their property.
T4. A broker represents a seller under a listing agreement. The broker meets the potential
buyer of the property. What must the broker do?
A. Nothing
B. Disclose his agency status to the potential buyer
C. Ask the buyer to cancel his buyer representation agreement with the other broker
D. Tell the buyer that the property is overpriced
Ans: B. Disclose his agency status to the potential buyer. A broker must always disclose who
they represent to all parties to the transaction.
T4. Prior to entering a Buyer Representation Agreement, what document must a licensee
present to the prospective buyer?
A. Seller's Disclosure Notice
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B. Exclusive Agency listing
C. Information About Brokerage Services
D. The One-to-Four Family Residential Contract (Resale)
Ans: C. Information About Brokerage Services. The Texas Real Estate Licensing Act requires
information be given to potential buyers, sellers, tenants, and landlords at the first substantive
dialogue about a property. TRELA states, "substantive dialogue means a meeting or written
communication that involves a substantive discussion relating to specific real property.
T4. Information About Brokerage Services should always be given and explained:
A. This form is never used.
B. After the contract has been signed
C. After the closing of the transaction
D. At the beginning of the listing presentation
Ans: D. At the beginning of the listing presentation. The Information for Brokerage Services
states that the form will be presented at the first substantive discussion with the prospect. The
listing presentation is considered substantive conversation.
T4. Information About Brokerage Services must be given to potential buyers, sellers, tenants,
and landlords:
A. At the time of first meeting
B. After the listing is taken
C. At the closing
D. At the first substantive dialogue about a property
Ans: D. At the first substantive dialogue about a property. Information About Brokerage
Services gives information concerning the ways a broker can represent a person. It gives
information about buyer's agency, seller's agency, intermediary, and subagency.
T4. The Information About Brokerage Services form gives information about the broker:
A. Representing the owner or the buyer
B. Acting as a subagent
Exam Prep - State Portion IV - Trebs
Questions with Detailed Verified Answers
(100% Correct Answers) /Already Graded
A+
T4. When is an agent required to present a prospective seller with the Information About
Brokerage Services (IABS) form?
A. When the property is sold
B. At the first substantive discussion about a specific property
C. When the seller receives the first offer on the property
D. At the closing of the sale
Ans: B. At the first substantive discussion about a specific property. The Texas Real Estate
Licensing Act requires the Information About Brokerage Services be given at the first
substantive discussion about a property. The agent should present the form when the seller
begins to discuss selling their property.
T4. A broker represents a seller under a listing agreement. The broker meets the potential
buyer of the property. What must the broker do?
A. Nothing
B. Disclose his agency status to the potential buyer
C. Ask the buyer to cancel his buyer representation agreement with the other broker
D. Tell the buyer that the property is overpriced
Ans: B. Disclose his agency status to the potential buyer. A broker must always disclose who
they represent to all parties to the transaction.
T4. Prior to entering a Buyer Representation Agreement, what document must a licensee
present to the prospective buyer?
A. Seller's Disclosure Notice
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B. Exclusive Agency listing
C. Information About Brokerage Services
D. The One-to-Four Family Residential Contract (Resale)
Ans: C. Information About Brokerage Services. The Texas Real Estate Licensing Act requires
information be given to potential buyers, sellers, tenants, and landlords at the first substantive
dialogue about a property. TRELA states, "substantive dialogue means a meeting or written
communication that involves a substantive discussion relating to specific real property.
T4. Information About Brokerage Services should always be given and explained:
A. This form is never used.
B. After the contract has been signed
C. After the closing of the transaction
D. At the beginning of the listing presentation
Ans: D. At the beginning of the listing presentation. The Information for Brokerage Services
states that the form will be presented at the first substantive discussion with the prospect. The
listing presentation is considered substantive conversation.
T4. Information About Brokerage Services must be given to potential buyers, sellers, tenants,
and landlords:
A. At the time of first meeting
B. After the listing is taken
C. At the closing
D. At the first substantive dialogue about a property
Ans: D. At the first substantive dialogue about a property. Information About Brokerage
Services gives information concerning the ways a broker can represent a person. It gives
information about buyer's agency, seller's agency, intermediary, and subagency.
T4. The Information About Brokerage Services form gives information about the broker:
A. Representing the owner or the buyer
B. Acting as a subagent
