Law of Agency - Champions School of Real Estate Questions and
Answers with Verified Solutions | Latest 2026 Update
Q: Agency relationships can be terminated by any of the following
Answer:
The expiration date of the
time period stated in the listing contract
At any time by mutual agreement
Death or incapacity of either party (if the broker or client die, or are determined to be
insane,
the agency agreement is terminated)
Bankruptcy of either party
Q: Does a broker have the power of termination to terminate an agency agreement
early?
Answer:
Yes
Q: T/F: The duty of confidentiality extends forevers into the future
Answer:
True
, Law of Agency - Champions School of Real Estate Questions and
Answers with Verified Solutions | Latest 2026 Update
Q: before an agency agreement is in place
Answer:
Q: In Texas, there is no _______ agency relationship with any party to a transaction
Answer:
implied
Q: while at the same time representing their best interests
Answer:
Q: The Intermediary Relationship Notice
Answer:
Notifies both parties that they are clients of the same
broker
, Law of Agency - Champions School of Real Estate Questions and
Answers with Verified Solutions | Latest 2026 Update
Q: Intermediary without appointments
Answer:
where an agent will have the opportunity to sell his or
her own listing. You cannot give advice or opinions to either party since you are the
only agent
in the transaction
Q: the ___________ gets to decide to either appoint or not when it comes to
intermediary without
Answer:
appointments broker
Q: What are the two (three) guidelines used to determine if a transaction is to be
done under
Answer:
intermediary rules The transaction must be an in house sale
Both sides must be clients
You must have written consent of both sides
Answers with Verified Solutions | Latest 2026 Update
Q: Agency relationships can be terminated by any of the following
Answer:
The expiration date of the
time period stated in the listing contract
At any time by mutual agreement
Death or incapacity of either party (if the broker or client die, or are determined to be
insane,
the agency agreement is terminated)
Bankruptcy of either party
Q: Does a broker have the power of termination to terminate an agency agreement
early?
Answer:
Yes
Q: T/F: The duty of confidentiality extends forevers into the future
Answer:
True
, Law of Agency - Champions School of Real Estate Questions and
Answers with Verified Solutions | Latest 2026 Update
Q: before an agency agreement is in place
Answer:
Q: In Texas, there is no _______ agency relationship with any party to a transaction
Answer:
implied
Q: while at the same time representing their best interests
Answer:
Q: The Intermediary Relationship Notice
Answer:
Notifies both parties that they are clients of the same
broker
, Law of Agency - Champions School of Real Estate Questions and
Answers with Verified Solutions | Latest 2026 Update
Q: Intermediary without appointments
Answer:
where an agent will have the opportunity to sell his or
her own listing. You cannot give advice or opinions to either party since you are the
only agent
in the transaction
Q: the ___________ gets to decide to either appoint or not when it comes to
intermediary without
Answer:
appointments broker
Q: What are the two (three) guidelines used to determine if a transaction is to be
done under
Answer:
intermediary rules The transaction must be an in house sale
Both sides must be clients
You must have written consent of both sides
