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CHAMPIONS LAW OF AGENCY EXAM ACTUAL PAPER 2026 QUESTIONS WITH ANSWERS GRADED A+

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CHAMPIONS LAW OF AGENCY EXAM ACTUAL PAPER 2026 QUESTIONS WITH ANSWERS GRADED A+

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CHAMPIONS LAW OF AGENCY EXAM
ACTUAL PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
⫸ Agency. Answer: A relationship between two parties


⫸ 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

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