SPMT 481 Final Exam Questions &
Answers (RATED A+)
How does someone become an agent? - ANSWER find a client
__ people who act as sports agents. - ANSWER 25000 +
About __ certified agents in the 10 major sports leagues. - ANSWER 4000
Number of players in the NFLPA? - ANSWER 1728
Number of certified agents in the NFLPA? - ANSWER 1112
What is the percent of agents who represent at least 1 player in the NFLPA? -
ANSWER 30%
Number of players in the NBAPA? - ANSWER 360
Number of certified agents in the NBAPA? - ANSWER 183
Number of agents who represent at least 1 player in the NBAPA? - ANSWER <100
Number of players in the MLBPA? - ANSWER 1200
Number of certified agents in the MLBPA? - ANSWER 328
Percent of agents who represent at least 1 player in the MLBPA? - ANSWER 100%
What is the reason that all agents in the MLB have clients? - ANSWER you cannot
become a sports agent until you have at least 1 player on the 40 man roster
The number of agents is astounding, how can so many agents make a living in this
business? - ANSWER they cannot
Who made the conclusion regarding, "The number of agents is astounding, how can so
many agents make a living in this business? The answer is, they can't" - ANSWER ed
garvey
What are the two questions that you need to ask yourself before becoming a sports
agent? - ANSWER -how are you going to convince a player that you can do a better job
than an experienced agent; -how are you going to show them that you know all of the
ins and out of negotiating a contract and doing all and doing all of the other myriad
things that agent does
, -The "Galloping Ghost"
-Turned pro after 1925 season
-Gave immediate legitimacy to professional football
Who is this referring to? - ANSWER george harold "red" grange
Who did Vince Lombardi of the Green Bay Packers coach? - ANSWER jim ringo all pro
hall of fame
The agent owes his principal the __ __ of undivided loyalty, and the duty to act in good
faith at __ times - ANSWER fiduciary obligation (called the duty), all
Violating a fiduciary duty creates a __ __ for the agent. - ANSWER legal liability
What are two ways to create an agency relationship? - ANSWER express contract,
implied contract
A specific agreement between the parties that contains the agency agreement.
What is this referring to? - ANSWER express contract
The agreement is implied from the words or actions of the parties.
What is this referring to? - ANSWER implied contract
The Authority of Agent source of the power to act is ALWAYS who? - ANSWER the
player
The agent may only do what he/she has been authorized to do by who? - ANSWER the
player
What are the two types of agent authority? - ANSWER express authority, implied
authority
Specifically sets forth those things that the agent may do for the player.
What is this referring to? - ANSWER express authority
Authorizes the agent to do whatever is reasonably necessary to complete the
transaction the player has expressly authorized the agent to complete.
What is this referring to? - ANSWER implied authority
Answers (RATED A+)
How does someone become an agent? - ANSWER find a client
__ people who act as sports agents. - ANSWER 25000 +
About __ certified agents in the 10 major sports leagues. - ANSWER 4000
Number of players in the NFLPA? - ANSWER 1728
Number of certified agents in the NFLPA? - ANSWER 1112
What is the percent of agents who represent at least 1 player in the NFLPA? -
ANSWER 30%
Number of players in the NBAPA? - ANSWER 360
Number of certified agents in the NBAPA? - ANSWER 183
Number of agents who represent at least 1 player in the NBAPA? - ANSWER <100
Number of players in the MLBPA? - ANSWER 1200
Number of certified agents in the MLBPA? - ANSWER 328
Percent of agents who represent at least 1 player in the MLBPA? - ANSWER 100%
What is the reason that all agents in the MLB have clients? - ANSWER you cannot
become a sports agent until you have at least 1 player on the 40 man roster
The number of agents is astounding, how can so many agents make a living in this
business? - ANSWER they cannot
Who made the conclusion regarding, "The number of agents is astounding, how can so
many agents make a living in this business? The answer is, they can't" - ANSWER ed
garvey
What are the two questions that you need to ask yourself before becoming a sports
agent? - ANSWER -how are you going to convince a player that you can do a better job
than an experienced agent; -how are you going to show them that you know all of the
ins and out of negotiating a contract and doing all and doing all of the other myriad
things that agent does
, -The "Galloping Ghost"
-Turned pro after 1925 season
-Gave immediate legitimacy to professional football
Who is this referring to? - ANSWER george harold "red" grange
Who did Vince Lombardi of the Green Bay Packers coach? - ANSWER jim ringo all pro
hall of fame
The agent owes his principal the __ __ of undivided loyalty, and the duty to act in good
faith at __ times - ANSWER fiduciary obligation (called the duty), all
Violating a fiduciary duty creates a __ __ for the agent. - ANSWER legal liability
What are two ways to create an agency relationship? - ANSWER express contract,
implied contract
A specific agreement between the parties that contains the agency agreement.
What is this referring to? - ANSWER express contract
The agreement is implied from the words or actions of the parties.
What is this referring to? - ANSWER implied contract
The Authority of Agent source of the power to act is ALWAYS who? - ANSWER the
player
The agent may only do what he/she has been authorized to do by who? - ANSWER the
player
What are the two types of agent authority? - ANSWER express authority, implied
authority
Specifically sets forth those things that the agent may do for the player.
What is this referring to? - ANSWER express authority
Authorizes the agent to do whatever is reasonably necessary to complete the
transaction the player has expressly authorized the agent to complete.
What is this referring to? - ANSWER implied authority
