Law of Agency (Champions) Chapter Quizzes
Study online at https://quizlet.com/_ac682w
An agency relationship exists when one
person, the _____________, acts for
Agent, principal
or on behalf of another person, the
____________.
Which of the following is grounds for sus-
pension or revocation of a real estate
license by TREC?
1). Splitting a commission with a person
other than a license holder. 1) Splitting a commission with a person
2) Splitting a commission with a Texas other than a license holder.
real estate license holder.
3) Disclosing a material defect of a prop-
erty.
4) All of these.
The commission can deny licensure to
an applicant based on the applicant's
1) credit score
3) determination of fitness
2) work history
3) determination of fitness
4) college transcript
What form must an agent provide to a
Information About Brokerage Services
potential client at first substantive discus-
(IABS)
sion of a real estate transaction?
An example of a general agent would be
a(n):
a) Property Manager
Property Manager
b) Escrow Agent
c) Cooperative Broker
d) Intermediary
Which of the following would NOT be an
example of the fiduciary duty of reason-
able care?
a) helping client meet contract deadlines Taking buyer or seller to dinner after clos-
b) assisting seller to arrive at a reason- ing
able listing price
c) discovering relevant facts and disclos-
ing these to the client
1/7
, Law of Agency (Champions) Chapter Quizzes
Study online at https://quizlet.com/_ac682w
d) taking buyer or seller to dinner after
closing
Seller Kristen meets with agent Angel
and likes his plan for marketing her
home. She decides to sign a listing Special agency
agreement with him, thereby creating
a____________________ relationship.
Broker Susan is representing the seller
at We Sell it Fast Realty while Broker
Daniel from Daniel's Properties is work-
ing with a buyer customer. Susan is rep-
resenting the seller. Who is Daniel Rep-
The seller
resenting.
a) the seller
b) the buyer and seller
c) the buyer
d) broker Susan
In Texas, there is no ___________
agency relationship with any party to a
transaction.
a) implied Implied
b) general
c) special
d) Universal
A broker's responsibility for disclosure is
limited to areas:
a) inside the property
C) accessible for visual inspection
b) outside the property
c) accessible for visual inspection
d) the seller informs them of
According to TREC's advertising rules,
which of the following terms MUST be
used in a real estate team name?
a) Company d) Group
b) Realty
c) Associates
d) Group
2/7
Study online at https://quizlet.com/_ac682w
An agency relationship exists when one
person, the _____________, acts for
Agent, principal
or on behalf of another person, the
____________.
Which of the following is grounds for sus-
pension or revocation of a real estate
license by TREC?
1). Splitting a commission with a person
other than a license holder. 1) Splitting a commission with a person
2) Splitting a commission with a Texas other than a license holder.
real estate license holder.
3) Disclosing a material defect of a prop-
erty.
4) All of these.
The commission can deny licensure to
an applicant based on the applicant's
1) credit score
3) determination of fitness
2) work history
3) determination of fitness
4) college transcript
What form must an agent provide to a
Information About Brokerage Services
potential client at first substantive discus-
(IABS)
sion of a real estate transaction?
An example of a general agent would be
a(n):
a) Property Manager
Property Manager
b) Escrow Agent
c) Cooperative Broker
d) Intermediary
Which of the following would NOT be an
example of the fiduciary duty of reason-
able care?
a) helping client meet contract deadlines Taking buyer or seller to dinner after clos-
b) assisting seller to arrive at a reason- ing
able listing price
c) discovering relevant facts and disclos-
ing these to the client
1/7
, Law of Agency (Champions) Chapter Quizzes
Study online at https://quizlet.com/_ac682w
d) taking buyer or seller to dinner after
closing
Seller Kristen meets with agent Angel
and likes his plan for marketing her
home. She decides to sign a listing Special agency
agreement with him, thereby creating
a____________________ relationship.
Broker Susan is representing the seller
at We Sell it Fast Realty while Broker
Daniel from Daniel's Properties is work-
ing with a buyer customer. Susan is rep-
resenting the seller. Who is Daniel Rep-
The seller
resenting.
a) the seller
b) the buyer and seller
c) the buyer
d) broker Susan
In Texas, there is no ___________
agency relationship with any party to a
transaction.
a) implied Implied
b) general
c) special
d) Universal
A broker's responsibility for disclosure is
limited to areas:
a) inside the property
C) accessible for visual inspection
b) outside the property
c) accessible for visual inspection
d) the seller informs them of
According to TREC's advertising rules,
which of the following terms MUST be
used in a real estate team name?
a) Company d) Group
b) Realty
c) Associates
d) Group
2/7
