Texas Law of Agency (FINAL EXAM)
Price fixing, boycotting and redlining are violations of - answer Federal Antitrust Laws
Errors and omission insurance covers brokers and agents for - answer mistakes made
in in listing and sales activities
When presenting an offer to listing agent, the buyer’s agent should NOT - answer
Disclose that the buyer is willing to pay more
The listing broker should NOT disclose - answer A registered sex offender lives next
door
One time showing agreements apply to - answer a specific buyer ONLY
Which act would NOT lead to suspension or revocation of license - answer Deliberately
withhold info that the seller has AIDS
Initial meeting with prospective client with nonexclusive single agency is best described
as - answer Broker counsels the buyer or the seller
Rules of TREC are found in the - answer Texas Occupation Code
Agency created by actions is known as - answer Implied agency
Underlying principle found in almost all code of ethics is - answer The golden rule
Example of psychological stigma that may have an affect on a property - answer Child
molestation occurring on property
Under DTPA the consumer must prove conduct was committed knowingly, they
CANNOT collect for - answer Mental anguish
Seller will list you only if you do not reveal swimming pool has concealed crack - answer
decline the offer
Listing broker must submit which offers - answer All of these
Commission paid to a cooperating broker is determined by - answerlisting seller and
broker
Agent owes fiduciary duties to all except - answerCustomer
Price fixing, boycotting and redlining are violations of - answer Federal Antitrust Laws
Errors and omission insurance covers brokers and agents for - answer mistakes made
in in listing and sales activities
When presenting an offer to listing agent, the buyer’s agent should NOT - answer
Disclose that the buyer is willing to pay more
The listing broker should NOT disclose - answer A registered sex offender lives next
door
One time showing agreements apply to - answer a specific buyer ONLY
Which act would NOT lead to suspension or revocation of license - answer Deliberately
withhold info that the seller has AIDS
Initial meeting with prospective client with nonexclusive single agency is best described
as - answer Broker counsels the buyer or the seller
Rules of TREC are found in the - answer Texas Occupation Code
Agency created by actions is known as - answer Implied agency
Underlying principle found in almost all code of ethics is - answer The golden rule
Example of psychological stigma that may have an affect on a property - answer Child
molestation occurring on property
Under DTPA the consumer must prove conduct was committed knowingly, they
CANNOT collect for - answer Mental anguish
Seller will list you only if you do not reveal swimming pool has concealed crack - answer
decline the offer
Listing broker must submit which offers - answer All of these
Commission paid to a cooperating broker is determined by - answerlisting seller and
broker
Agent owes fiduciary duties to all except - answerCustomer
