TREBS EXAM 3 QUESTIONS WITH
COMPLETE SOLUTIONS
When the seller asks the salesperson to fill out the Seller's Disclosure Notice, the salesperson
should:
A. The salesperson should fill out the form for the seller.
B. The salesperson should have the form filled out by the sponsoring broker.
C. The salesperson should not fill out the form for the seller because it is the sole responsibility
of the seller to fill out the Notice.
D. The salesperson should ask another salesperson to fill out the Notice. - ANSWERS-C. The
salesperson should not fill out the form for the seller because it is the sole responsibility of the
seller to fill out the Notice.
The broker has taken a listing on a house. The seller knows the house he is listing has a cracked
slab. He has hidden this fact and doesn't intend to tell the buyer. This is:
A. A latent defect
B. Subagency
C. Honesty
D. FHF & Flood Insurance - ANSWERS-A. A latent defect
CMA is an acronym for:
A. Common Market Amendment
B. Comparative Market Analysis
,C. Co-owned Material Act
D. Complete Market Analysis - ANSWERS-B. Comparative Market Analysis
Paragraph 11 of the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell states:
A. The broker may sign documents for the seller.
B. The broker is not given permission to sign documents in the name of the seller.
C. The broker may sign documents for the buyer.
D. The broker may not disclose the sales price to other brokers. - ANSWERS-B. The broker is not
given permission to sign documents in the name of the seller.
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed - ANSWERS-A. Are increasing
We study agency because:
A. The Texas Real Estate Commission requires people wishing to be licensed take an Agency
class.
B. Only brokers study agency.
C. Only attorneys should study agency.
D. The client is required to take a class in agency. - ANSWERS-A. The Texas Real Estate
Commission requires people wishing to be licensed take an Agency class.
, The broker working with a buyer customer and representing the seller through the seller's
broker is a(n):
A. Buyer
B. Seller
C. Subagent
D. Intermediary - ANSWERS-C. Subagent
All parties to the transaction must be treated honestly and fairly, but a fiduciary relationship is
owed to:
A. The customer
B. The client
C. Everyone
D. No one - ANSWERS-B. The client
After the agency relationship has been established, the broker is the agent of the _________,
and the sponsored salesperson is the agent of the ________.
A. Buyer ----- tenant
B. Broker ----- client
C. Client ----- broker
D. None of the above. - ANSWERS-C. Client ----- broker
An agent who may perform any acts or transactions the principal may perform is a:
COMPLETE SOLUTIONS
When the seller asks the salesperson to fill out the Seller's Disclosure Notice, the salesperson
should:
A. The salesperson should fill out the form for the seller.
B. The salesperson should have the form filled out by the sponsoring broker.
C. The salesperson should not fill out the form for the seller because it is the sole responsibility
of the seller to fill out the Notice.
D. The salesperson should ask another salesperson to fill out the Notice. - ANSWERS-C. The
salesperson should not fill out the form for the seller because it is the sole responsibility of the
seller to fill out the Notice.
The broker has taken a listing on a house. The seller knows the house he is listing has a cracked
slab. He has hidden this fact and doesn't intend to tell the buyer. This is:
A. A latent defect
B. Subagency
C. Honesty
D. FHF & Flood Insurance - ANSWERS-A. A latent defect
CMA is an acronym for:
A. Common Market Amendment
B. Comparative Market Analysis
,C. Co-owned Material Act
D. Complete Market Analysis - ANSWERS-B. Comparative Market Analysis
Paragraph 11 of the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell states:
A. The broker may sign documents for the seller.
B. The broker is not given permission to sign documents in the name of the seller.
C. The broker may sign documents for the buyer.
D. The broker may not disclose the sales price to other brokers. - ANSWERS-B. The broker is not
given permission to sign documents in the name of the seller.
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed - ANSWERS-A. Are increasing
We study agency because:
A. The Texas Real Estate Commission requires people wishing to be licensed take an Agency
class.
B. Only brokers study agency.
C. Only attorneys should study agency.
D. The client is required to take a class in agency. - ANSWERS-A. The Texas Real Estate
Commission requires people wishing to be licensed take an Agency class.
, The broker working with a buyer customer and representing the seller through the seller's
broker is a(n):
A. Buyer
B. Seller
C. Subagent
D. Intermediary - ANSWERS-C. Subagent
All parties to the transaction must be treated honestly and fairly, but a fiduciary relationship is
owed to:
A. The customer
B. The client
C. Everyone
D. No one - ANSWERS-B. The client
After the agency relationship has been established, the broker is the agent of the _________,
and the sponsored salesperson is the agent of the ________.
A. Buyer ----- tenant
B. Broker ----- client
C. Client ----- broker
D. None of the above. - ANSWERS-C. Client ----- broker
An agent who may perform any acts or transactions the principal may perform is a:
