aypo law of agency Questions with Verified
Correct Answers
a licensee who assists in a transaction without an agreement to represent the buyer is a
ubagent who legally represents which of the following?
the seller
60 days before someone files a lawsuit under the dtpa, the prospective plaintiff must
give the prospective defendant...
a notice stating the prospective plaintiffs intention to file the lawsuit along with information
on other aspects of the prospective plaintiffs cause of action.
a real estate agent works for a property owner who s outside the country. the owner has
dozens of buildings around the city.
RATIFCATION
Rick is representing a client who is selling a property. During the transaction process
the client receives an offer that would be acceptable if not for a couple of small
provisions. The client decides to counteroffer but insists that counteroffer can be done
orally since she knows the buyer. What should Rick do?
insist that the counteroffer be made in writing
what is the most common consequence of a licensee failing to fulfill customer service
duties?
people will not do business with them
kamran is a real estate broker. at an open house for a building he is listing, he meets
dawn, who is interested in purchasing the building.
, kamran must disclose that he represents the owner of the building
can a licensee have his or her license suspended for failing to make it clear to all parties
involved in real estate transaction who he represents?
yes
The risk of litigation can be reduced by
studying agency and agency law
which of the following misrepresentations is most likely to cause the transaction to fail?
saying that the property has more rooms than it actually has
which of the following types of authority are specifically established by the the language
of the contract setting up an agency relationship?
expressed
which of the following is not normally something a buyers agent should do with regard
to an offer to purchase a property?
interpret provisions of the offer contract
what real estate-based services are required to ensure access to info for non-english
speaking applicants?
interpret provisions of the offer contract
facts that if disclosed would likely cause a party to reject a contract are considered to
be...
material facts
Correct Answers
a licensee who assists in a transaction without an agreement to represent the buyer is a
ubagent who legally represents which of the following?
the seller
60 days before someone files a lawsuit under the dtpa, the prospective plaintiff must
give the prospective defendant...
a notice stating the prospective plaintiffs intention to file the lawsuit along with information
on other aspects of the prospective plaintiffs cause of action.
a real estate agent works for a property owner who s outside the country. the owner has
dozens of buildings around the city.
RATIFCATION
Rick is representing a client who is selling a property. During the transaction process
the client receives an offer that would be acceptable if not for a couple of small
provisions. The client decides to counteroffer but insists that counteroffer can be done
orally since she knows the buyer. What should Rick do?
insist that the counteroffer be made in writing
what is the most common consequence of a licensee failing to fulfill customer service
duties?
people will not do business with them
kamran is a real estate broker. at an open house for a building he is listing, he meets
dawn, who is interested in purchasing the building.
, kamran must disclose that he represents the owner of the building
can a licensee have his or her license suspended for failing to make it clear to all parties
involved in real estate transaction who he represents?
yes
The risk of litigation can be reduced by
studying agency and agency law
which of the following misrepresentations is most likely to cause the transaction to fail?
saying that the property has more rooms than it actually has
which of the following types of authority are specifically established by the the language
of the contract setting up an agency relationship?
expressed
which of the following is not normally something a buyers agent should do with regard
to an offer to purchase a property?
interpret provisions of the offer contract
what real estate-based services are required to ensure access to info for non-english
speaking applicants?
interpret provisions of the offer contract
facts that if disclosed would likely cause a party to reject a contract are considered to
be...
material facts
