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Champions Law of Agency 2026 – 60 Questions | TREC Rules, Fiduciary Duties, Client vs. Customer | Texas Real Estate Exam

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This document includes 60 expert-verified multiple-choice questions and answers for the Champions Law of Agency 2026 course, specifically designed for candidates preparing for the Texas Real Estate Commission (TREC) licensing exam. It thoroughly covers the Law of Agency, a core topic in real estate education and practice in Texas. The questions address key principles and legal standards that govern the relationship between brokers, agents, clients, and customers. Topics include: Definitions of fiduciary duties and agency relationships TREC regulations, including license suspension criteria under Section 1101.651 Legal and prohibited actions by license holders Distinctions between customers and clients Types of agency (special, general, universal, express, ratified) Disclosure rules, indemnification, compensation, and performance duties Working with buyers at customer and client levels Real-world agency scenarios and ethical considerations This study material is ideal for: Texas real estate students preparing for their licensing exam Pre-licensing course enrollees at real estate schools such as Champions School of Real Estate Real estate professionals seeking a refresher on current agency laws Aspiring brokers and sales agents pursuing TREC certification Legal and compliance students focusing on real estate law in Texas The Q&A format offers clear, accurate, and directly applicable knowledge based on TREC standards, making this an essential tool for test success and career readiness in real estate brokerage. Keywords: Law of Agency, Texas Real Estate Commission, TREC, fiduciary duties, client vs customer, real estate license suspension, agency relationship, indemnification, express authority, universal agency, special agency, real estate exam prep, Champions School, moral character TREC, dual agency, prohibited acts real estate, real estate disclosure rules

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Champions Law of Agency 2026 Expert
Verified | Ace the Test



Fiduciary - 🧠 ANSWER ✔✔Based on trust


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

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