CHAMPIONS LAW OF AGENCY EXAM
ACTUAL PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
Customer. Answer: A person who receives limited brokerage services
without establishing an agency relationship
Client. Answer: Also known as the Principle
Idemnification. Answer: Protection against damage or loss
Lawful or Prohibited
Placing a sign on real property for sale or lease without written consent
of the owner of the real property or the owner's authorized agent.
Answer: Prohibited
Lawful or Prohibited
Acting in a dual capacity as broker and undisclosed principal in a real
estate transaction. Answer: Prohibited
Lawful or Prohibited
Guaranteeing that future profits will result from a resale of real property.
Answer: Prohibited
Lawful or Prohibited
Accepting negotiated compensation from the agent's sponsoring broker.
Answer: Lawful
Lawful or Prohibited
Discloses to all parties to a real estate transaction the party from whom
the license holder is acting. Answer: Lawful
, Lawful or Prohibited
Commingles money that belongs to another person with the license
holder's own money. Answer: Prohibited
Lawful or Prohibited
Sells real property by means of a lottery. Answer: Prohibited
Lawful or Prohibited
Receives compensation from more than one party to a real estate
transaction without the full knowledge and consent of all parties to the
transaction. Answer: Prohibited
Lawful or Prohibited
Using a contract form prepared by an attorney. Answer: Lawful
Lawful or Prohibited
Notifies the commission on the 15th day after the agent has entered a
guilty plea to a felony offense involving fraud. Answer: Lawful
The _______________ makes it illegal to practice any act of real
estate brokerage with- out a license.. Answer: Texas Real Estate License
Act
Section 1101.651 of the License Act lists _______________ specific
violations that can result in the suspension or revocation of a real estate
license. Answer: 30
The License Act provides for two types of licenses to be issued, a
_______________ and a _______________.. Answer: Broker's License
Sales Agent License
The Texas Real Estate Commission is not concerned with an agent's
earnings and does not involve itself in _______________.. Answer: Fee
disputes
ACTUAL PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
Customer. Answer: A person who receives limited brokerage services
without establishing an agency relationship
Client. Answer: Also known as the Principle
Idemnification. Answer: Protection against damage or loss
Lawful or Prohibited
Placing a sign on real property for sale or lease without written consent
of the owner of the real property or the owner's authorized agent.
Answer: Prohibited
Lawful or Prohibited
Acting in a dual capacity as broker and undisclosed principal in a real
estate transaction. Answer: Prohibited
Lawful or Prohibited
Guaranteeing that future profits will result from a resale of real property.
Answer: Prohibited
Lawful or Prohibited
Accepting negotiated compensation from the agent's sponsoring broker.
Answer: Lawful
Lawful or Prohibited
Discloses to all parties to a real estate transaction the party from whom
the license holder is acting. Answer: Lawful
, Lawful or Prohibited
Commingles money that belongs to another person with the license
holder's own money. Answer: Prohibited
Lawful or Prohibited
Sells real property by means of a lottery. Answer: Prohibited
Lawful or Prohibited
Receives compensation from more than one party to a real estate
transaction without the full knowledge and consent of all parties to the
transaction. Answer: Prohibited
Lawful or Prohibited
Using a contract form prepared by an attorney. Answer: Lawful
Lawful or Prohibited
Notifies the commission on the 15th day after the agent has entered a
guilty plea to a felony offense involving fraud. Answer: Lawful
The _______________ makes it illegal to practice any act of real
estate brokerage with- out a license.. Answer: Texas Real Estate License
Act
Section 1101.651 of the License Act lists _______________ specific
violations that can result in the suspension or revocation of a real estate
license. Answer: 30
The License Act provides for two types of licenses to be issued, a
_______________ and a _______________.. Answer: Broker's License
Sales Agent License
The Texas Real Estate Commission is not concerned with an agent's
earnings and does not involve itself in _______________.. Answer: Fee
disputes
