Unit 1 - Agency Concepts Questions and Answers Rated A

Unit 1 - Agency Concepts Questions and Answers Rated A Can the buyer in a real estate transaction ever be considered a client? A) No, only sellers are clients because they work with agents. B) Yes, only if the buyer agrees to use the seller's agent. C) No, TRELA defines "client" as a seller. D) Yes, if the buyer has a buyer's agent. Yes, if the buyer has a buyer's agent. Must a licensed broker be a business entity? A) Yes, all licensed brokers must incorporate to do business in Texas. B) No, business entities do not need to be licensed in Texas to engage in brokerage activity. C) No, but a business entity other than a sole proprietor that engages in brokerage in Texas must be licensed as a broker. D) Yes, all licensed brokers must be business entities registered with the Secretary of State. No, but a business entity other than a sole proprietor that engages in brokerage in Texas must be licensed as a broker. A license holder working with a buyer-customer could NOT A) recommend a negotiating strategy. B) provide a list of local elementary schools. C) discuss financing options. D) reveal that the roof leaked when it rains. recommend a negotiating strategy. The Information About Brokerage Services Notice is best described by which of the following statements? A) It must include the written signature of the person receiving the statement. B) It discloses the agent's relationship with one of the parties to the real estate transaction. C) It is information that may be provided orally. D) It is information that must be provided in writing. It is information that must be provided in writing. Who is responsible for representing a buyer-customer's interest in the purchase of a home? A) The customer B) The seller's agent and the seller C) The seller's agent D) The customer