Name: Score:
58 Multiple choice questions
Term 1 of 58
What is required for the broker appoint Associates:
a material facts relevant to a person making a decision. Agents must disclose all of the
clients they just must disclose to buyer material facts the condition of the property such
as no structural defects building code violations dangerous conditions. Kown latent facts
According TRELA subchapter 1101.557b states a broker representing a party or listing real
estate for sale is the party's agent and
1. May not instruct another broker to directly or indirectly violate the sub chpt-
1101.65b22, 2.Must inform the party if the broker Receives material information related to
the transaction to list, buy, sell, or lease the parties real estate, including the receipt of
an offer by the broker; and
3. Shall, at a minimum, answer the parties questions and present Any offered to or from
the party.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
,Term 2 of 58
What is required to create the intermediary relationship:
Written Consent from Seller and Buyer......
That all parties in the relationship be informed that and intermediary relationship exists
and that the broker of appoints or does not appoint another associate to act as either the
buyer or sellers representive.
a material facts relevant to a person making a decision. Agents must disclose all of the
clients they just must disclose to buyer material facts the condition of the property such
as no structural defects building code violations dangerous conditions. Kown latent facts
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Term 3 of 58
What is the name of the law dealing with the registration of sex offenders
The gonzaga law.
Amber alert.
Megan's law.
The customer.
Term 4 of 58
Does listing property in MLS create a fiduciary relationship:
Yes
No
,Term 5 of 58
What is agency educational requirement.
Licensee must show evidence of a minimum of 30 clock hours - 2 semester hours - in the
law of agency.
Licensee must participate in a mentorship program with a senior agent
Licensee must complete a certification course in real estate marketing
Licensee must attend a workshop on negotiation skills
Term 6 of 58
True/false; intermediary may be used on section 1031 exchanges and syndications
True
False
Term 7 of 58
May the listing agent disclose the selling motivation to a buyer;
Yes
No
, Term 8 of 58
What is the difference between implied and express authority:
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
Information about brokerage services - it is to inform the general consumer of the
services offered by the broker and disclose what duties the broker will be performed and
whether they would like to be represented by The broker.
Written Consent from Seller and Buyer......
That all parties in the relationship be informed that and intermediary relationship exists
and that the broker of appoints or does not appoint another associate to act as either the
buyer or sellers representive.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Term 9 of 58
How many associates must a broker have in order to make appointments:
No a payment is not required to create agency.
a written agreement is not required. But if you want to collect your commission it must
be in writing.
Only pertinent material fact that are agreed by the buyer/seller and may never disclose
any confidential information.
At least two associates, but if all parties agree then one associate may act for both the
buyer and the seller --no representation adviser will be performed by the agent.
No, if the broker only appoints an associate to both the buyer and the seller the only
information that can be given by the associate is factual information and no advice or
opinion will be given to either buyer or seller.
58 Multiple choice questions
Term 1 of 58
What is required for the broker appoint Associates:
a material facts relevant to a person making a decision. Agents must disclose all of the
clients they just must disclose to buyer material facts the condition of the property such
as no structural defects building code violations dangerous conditions. Kown latent facts
According TRELA subchapter 1101.557b states a broker representing a party or listing real
estate for sale is the party's agent and
1. May not instruct another broker to directly or indirectly violate the sub chpt-
1101.65b22, 2.Must inform the party if the broker Receives material information related to
the transaction to list, buy, sell, or lease the parties real estate, including the receipt of
an offer by the broker; and
3. Shall, at a minimum, answer the parties questions and present Any offered to or from
the party.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
,Term 2 of 58
What is required to create the intermediary relationship:
Written Consent from Seller and Buyer......
That all parties in the relationship be informed that and intermediary relationship exists
and that the broker of appoints or does not appoint another associate to act as either the
buyer or sellers representive.
a material facts relevant to a person making a decision. Agents must disclose all of the
clients they just must disclose to buyer material facts the condition of the property such
as no structural defects building code violations dangerous conditions. Kown latent facts
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Term 3 of 58
What is the name of the law dealing with the registration of sex offenders
The gonzaga law.
Amber alert.
Megan's law.
The customer.
Term 4 of 58
Does listing property in MLS create a fiduciary relationship:
Yes
No
,Term 5 of 58
What is agency educational requirement.
Licensee must show evidence of a minimum of 30 clock hours - 2 semester hours - in the
law of agency.
Licensee must participate in a mentorship program with a senior agent
Licensee must complete a certification course in real estate marketing
Licensee must attend a workshop on negotiation skills
Term 6 of 58
True/false; intermediary may be used on section 1031 exchanges and syndications
True
False
Term 7 of 58
May the listing agent disclose the selling motivation to a buyer;
Yes
No
, Term 8 of 58
What is the difference between implied and express authority:
Implied Authority not specifically granted to the agent but necessary or customary if the
agent is to perform the agency duties, and it is implied by the principal's action.
> Express authority is legal term means clear, definite, explicit, unmistakable, and
unambiguous.
Information about brokerage services - it is to inform the general consumer of the
services offered by the broker and disclose what duties the broker will be performed and
whether they would like to be represented by The broker.
Written Consent from Seller and Buyer......
That all parties in the relationship be informed that and intermediary relationship exists
and that the broker of appoints or does not appoint another associate to act as either the
buyer or sellers representive.
Mutual consent from all parties in the transaction the broker and two associates or
brokers.
Create all parties fairly and honestly I don't want disclosure of any information that is
confidential or the parties are requested not to be disclosed;
Determine whether appointments will be made and, if so, disclose in writing to all parties
that such has been done;
And comply with the provisions of TRELA.
Term 9 of 58
How many associates must a broker have in order to make appointments:
No a payment is not required to create agency.
a written agreement is not required. But if you want to collect your commission it must
be in writing.
Only pertinent material fact that are agreed by the buyer/seller and may never disclose
any confidential information.
At least two associates, but if all parties agree then one associate may act for both the
buyer and the seller --no representation adviser will be performed by the agent.
No, if the broker only appoints an associate to both the buyer and the seller the only
information that can be given by the associate is factual information and no advice or
opinion will be given to either buyer or seller.
