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TREBS EXAM 3 Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed
Ans: A. Are increasing
We study agency because:
A. The Texas Real Estate Commission requires people wishing to be licensed take an Agency
class.
B. Only brokers study agency.
C. Only attorneys should study agency.
D. The client is required to take a class in agency.
Ans: A. The Texas Real Estate Commission requires people wishing to be licensed take an
Agency class.
The broker working with a buyer customer and representing the seller through the seller's
broker is a(n):
A. Buyer
B. Seller
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C. Subagent
D. Intermediary
Ans: C. Subagent
All parties to the transaction must be treated honestly and fairly, but a fiduciary relationship is
owed to:
A. The customer
B. The client
C. Everyone
D. No one
Ans: B. The client
After the agency relationship has been established, the broker is the agent of the _________,
and the sponsored salesperson is the agent of the ________.
A. Buyer ----- tenant
B. Broker ----- client
C. Client ----- broker
D. None of the above.
Ans: C. Client ----- broker
An agent who may perform any acts or transactions the principal may perform is a:
A. Universal agent
B. Special agent
C. Seller agent
D. General agent
Ans: A. Universal agent
The TRELA does not require disclosure if a death occurred on a property:
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A. By natural causes
B. By suicide
C. In an accident unrelated to the condition of the property
D. All of the above
Ans: D. All of the above
Something that affects the property or the health of the residents of the property is called
a(n):
A. Psychological stigma
B. Exception
C. Physical stigma
D. None of the above
Ans: C. Physical stigma
Information about Brokerage Services must be given to potential buyers, sellers, tenants, and
landlords:
A. At the time of first meeting
B. After the listing is taken
C. At the closing
D. At the first substantive dialogue about a property
Ans: D. At the first substantive dialogue about a property
How many companies are required in a subagency relationship?
A. 13
B. 9
C. 4
D. 2
TREBS EXAM 3 Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits:
A. Are increasing
B. Are decreasing
C. Have stabilized over the last several years
D. Are not allowed
Ans: A. Are increasing
We study agency because:
A. The Texas Real Estate Commission requires people wishing to be licensed take an Agency
class.
B. Only brokers study agency.
C. Only attorneys should study agency.
D. The client is required to take a class in agency.
Ans: A. The Texas Real Estate Commission requires people wishing to be licensed take an
Agency class.
The broker working with a buyer customer and representing the seller through the seller's
broker is a(n):
A. Buyer
B. Seller
, Page |2
C. Subagent
D. Intermediary
Ans: C. Subagent
All parties to the transaction must be treated honestly and fairly, but a fiduciary relationship is
owed to:
A. The customer
B. The client
C. Everyone
D. No one
Ans: B. The client
After the agency relationship has been established, the broker is the agent of the _________,
and the sponsored salesperson is the agent of the ________.
A. Buyer ----- tenant
B. Broker ----- client
C. Client ----- broker
D. None of the above.
Ans: C. Client ----- broker
An agent who may perform any acts or transactions the principal may perform is a:
A. Universal agent
B. Special agent
C. Seller agent
D. General agent
Ans: A. Universal agent
The TRELA does not require disclosure if a death occurred on a property:
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A. By natural causes
B. By suicide
C. In an accident unrelated to the condition of the property
D. All of the above
Ans: D. All of the above
Something that affects the property or the health of the residents of the property is called
a(n):
A. Psychological stigma
B. Exception
C. Physical stigma
D. None of the above
Ans: C. Physical stigma
Information about Brokerage Services must be given to potential buyers, sellers, tenants, and
landlords:
A. At the time of first meeting
B. After the listing is taken
C. At the closing
D. At the first substantive dialogue about a property
Ans: D. At the first substantive dialogue about a property
How many companies are required in a subagency relationship?
A. 13
B. 9
C. 4
D. 2
