Name: Score:
60 Multiple choice questions
Term 1 of 60
The listing that allows the seller to list the property with multiple competing brokers at the
same time and to sell the property personally without paying any broker a fee is a(n):
buyer representation agreement
open listing
exclusive right to sell listing
exclusive agency listing
Term 2 of 60
Agents should always disclose whether or not a previous or current tenant has had AIDS or
HIV-related illness.
True
False
Term 3 of 60
One who hires an agent to represent him is called a:
broker
client
principal
subagent
,Term 4 of 60
A signed employment agreement is necessary to:
work in a real estate office
be an agent under trec guidelines
an agency relationship
sue for commission
Term 5 of 60
the real estate agent works for or on behalf of a:
client
buyer representation agreement
principal
broker
Term 6 of 60
an exemption to using the Information About Brokerage Services form is:
a lease that includes an option to purchase
a lease for not more than 1 year
a sale of property valued over $500,000
a rental agreement for commercial properties
Term 7 of 60
the best way to create an agency relationship is to do so:
open listing
written consent
in writing
under signature
,Term 8 of 60
A licensee not associated with the client's broker but who is representing the client through a
cooperative agreement with the client's broker is known as a:
principal
true
subagent
client
Term 9 of 60
a termination date on a listing must be:
6 months
definite
knowingly
true
Term 10 of 60
real estate agents owe certain non-fiduciary duties to customers such as:
kept confidential forever
honesty and fairness
advice and opinions
obedience
Term 11 of 60
listings may be terminated by:
death, insanity, mutual agreement
either oral or written
honesty and fairness
written consent
, Term 12 of 60
A broker is obligated to treat which of the following fairly?
honesty and fairness
client
customers, sellers, clients
intermediary
Term 13 of 60
The TREC was established in:
1949
1937
1939
1929
Term 14 of 60
A real estate agent generally gets paid:
commission
authentication
affirmation
broker
Term 15 of 60
fiduciaries are:
Appoint the associates to represent their parties under intermediary rules
Held to the highest degree of good faith, Required to exclude selfish interest, Require to
make disclosures of all relevant facts
be a transaction coordinator
If the principal is not cooperating with the broker's efforts to market the property
60 Multiple choice questions
Term 1 of 60
The listing that allows the seller to list the property with multiple competing brokers at the
same time and to sell the property personally without paying any broker a fee is a(n):
buyer representation agreement
open listing
exclusive right to sell listing
exclusive agency listing
Term 2 of 60
Agents should always disclose whether or not a previous or current tenant has had AIDS or
HIV-related illness.
True
False
Term 3 of 60
One who hires an agent to represent him is called a:
broker
client
principal
subagent
,Term 4 of 60
A signed employment agreement is necessary to:
work in a real estate office
be an agent under trec guidelines
an agency relationship
sue for commission
Term 5 of 60
the real estate agent works for or on behalf of a:
client
buyer representation agreement
principal
broker
Term 6 of 60
an exemption to using the Information About Brokerage Services form is:
a lease that includes an option to purchase
a lease for not more than 1 year
a sale of property valued over $500,000
a rental agreement for commercial properties
Term 7 of 60
the best way to create an agency relationship is to do so:
open listing
written consent
in writing
under signature
,Term 8 of 60
A licensee not associated with the client's broker but who is representing the client through a
cooperative agreement with the client's broker is known as a:
principal
true
subagent
client
Term 9 of 60
a termination date on a listing must be:
6 months
definite
knowingly
true
Term 10 of 60
real estate agents owe certain non-fiduciary duties to customers such as:
kept confidential forever
honesty and fairness
advice and opinions
obedience
Term 11 of 60
listings may be terminated by:
death, insanity, mutual agreement
either oral or written
honesty and fairness
written consent
, Term 12 of 60
A broker is obligated to treat which of the following fairly?
honesty and fairness
client
customers, sellers, clients
intermediary
Term 13 of 60
The TREC was established in:
1949
1937
1939
1929
Term 14 of 60
A real estate agent generally gets paid:
commission
authentication
affirmation
broker
Term 15 of 60
fiduciaries are:
Appoint the associates to represent their parties under intermediary rules
Held to the highest degree of good faith, Required to exclude selfish interest, Require to
make disclosures of all relevant facts
be a transaction coordinator
If the principal is not cooperating with the broker's efforts to market the property
