Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
Agent Phillip received an earnest mon-
ey check payable to the title company
from a buyer. Five days later he found
the check under some paperwork on his
desk. He deposited the check immedi-
ately.
A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
The Texas Real Estate Commission was
created in
Choose the correct answer.
D
A) 1929
B) 1939
C) 1959
D) 1949
Agent Dirk negotiated a transaction
where the buyer wrote a $2000 earnest
money deposit. The earnest money was
deposited in Dirk's escrow account. The
transaction fell through, and feeling sorry
for the buyer, he refunded the earnest
money without the consent of the seller.
A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
Part of the licensing process is to deter-
mine
Choose the correct answer.
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
A) Income potential
B) Understanding of Sales D
C) Motivation for success
D) Moral Character
A broker may pay a fee to
Choose the correct answer.
A) Another Broker A
B) An unlicensed person as a referral
C) An Attorney
D) Another Broker's Sales Agent
Agent Dwayne discovered that a great
way to get more listings was to tell
homeowners in the neighborhood that a
huge commercial project was about to
commence that would seriously devalue
property in the subdivision. The claim A
was false, but it did result in a number of
listings.
A) Violation of TRELA
B) Not a violation
Agent Willard got a call from a promising
prospective buyer on one of the proper-
ties that he had put signs on without the
owner's knowledge. He went ahead and
began negotiating a sale knowing that
the seller had not even put it on the mar-
ket. His rationale was that "Everything is
for sale at some price." A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
Agent Maggie was showing properties
to a buyer who inquired about the racial
makeup of the neighborhood. She de-
clined to respond to the inquiry.
Decide if the actions are in violation of B
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
An agency relationship exists when one
person, the _____, acts for or on behalf
of another person, the _____.
B
A) Client, agent
B) Agent, principal
C) Principal, agent
D) Broker, customer
Which of the following is grounds for sus-
pension or revocation of a real estate
license by TREC?
A) Splitting a commission with a person
other than a license holder
A
B) Splitting a commission with a Texas
real estate license holder
C) Disclosing a material defect of a prop-
erty
D) All of these are grounds for suspen-
sion or revocation of a real estate license
The commission can deny licensure to
an applicant based on the applicant's
_____.
C
A) Credit score
B) Work history
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
C) Determination of fitness
D) College transcript
The Texas Real Estate License Act was
created in
A) 1909 B
B) 1939
C) 1929
D) 1949
The Texas Real Estate License act was
created to ___________ the public.
A) Protect A
B) Defend
C) Indemnify
D) Exonerate
TREC's role is to administer the provi-
sions of
A) The License Act A
B) Disclosure
C) TREC's Rules
D) Agency Law
____________ is a duty of the principal
to the agent.
A) Communication B
B) Indemnification
C) Fiduciary
D) Agent
The Canons of Professional Ethics and
Conduct include
A) Authority C
B) Compensation
C) Integrity
D) Ratification
Study online at https://quizlet.com/_hm0l7o
Agent Phillip received an earnest mon-
ey check payable to the title company
from a buyer. Five days later he found
the check under some paperwork on his
desk. He deposited the check immedi-
ately.
A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
The Texas Real Estate Commission was
created in
Choose the correct answer.
D
A) 1929
B) 1939
C) 1959
D) 1949
Agent Dirk negotiated a transaction
where the buyer wrote a $2000 earnest
money deposit. The earnest money was
deposited in Dirk's escrow account. The
transaction fell through, and feeling sorry
for the buyer, he refunded the earnest
money without the consent of the seller.
A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
Part of the licensing process is to deter-
mine
Choose the correct answer.
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
A) Income potential
B) Understanding of Sales D
C) Motivation for success
D) Moral Character
A broker may pay a fee to
Choose the correct answer.
A) Another Broker A
B) An unlicensed person as a referral
C) An Attorney
D) Another Broker's Sales Agent
Agent Dwayne discovered that a great
way to get more listings was to tell
homeowners in the neighborhood that a
huge commercial project was about to
commence that would seriously devalue
property in the subdivision. The claim A
was false, but it did result in a number of
listings.
A) Violation of TRELA
B) Not a violation
Agent Willard got a call from a promising
prospective buyer on one of the proper-
ties that he had put signs on without the
owner's knowledge. He went ahead and
began negotiating a sale knowing that
the seller had not even put it on the mar-
ket. His rationale was that "Everything is
for sale at some price." A
Decide if the actions are in violation of
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
Agent Maggie was showing properties
to a buyer who inquired about the racial
makeup of the neighborhood. She de-
clined to respond to the inquiry.
Decide if the actions are in violation of B
TRELA and could result in the suspen-
sion or revocation of the agent's license.
A) Violation of TRELA
B) Not a violation
An agency relationship exists when one
person, the _____, acts for or on behalf
of another person, the _____.
B
A) Client, agent
B) Agent, principal
C) Principal, agent
D) Broker, customer
Which of the following is grounds for sus-
pension or revocation of a real estate
license by TREC?
A) Splitting a commission with a person
other than a license holder
A
B) Splitting a commission with a Texas
real estate license holder
C) Disclosing a material defect of a prop-
erty
D) All of these are grounds for suspen-
sion or revocation of a real estate license
The commission can deny licensure to
an applicant based on the applicant's
_____.
C
A) Credit score
B) Work history
, Champions School of Real Estate - Law of Agency REAL EXAM 2025
Study online at https://quizlet.com/_hm0l7o
C) Determination of fitness
D) College transcript
The Texas Real Estate License Act was
created in
A) 1909 B
B) 1939
C) 1929
D) 1949
The Texas Real Estate License act was
created to ___________ the public.
A) Protect A
B) Defend
C) Indemnify
D) Exonerate
TREC's role is to administer the provi-
sions of
A) The License Act A
B) Disclosure
C) TREC's Rules
D) Agency Law
____________ is a duty of the principal
to the agent.
A) Communication B
B) Indemnification
C) Fiduciary
D) Agent
The Canons of Professional Ethics and
Conduct include
A) Authority C
B) Compensation
C) Integrity
D) Ratification
