Law of Agency Final Exam Review 2026
Questions and Answers
Intermediary is not limited to residential transactions. It will also be applied to:
a. all listing arrangements. b. all buyer representation agreements. c. farm and
ranch and commercial and industrial transactions when parties are represented by
the same broker. d. all loans - Correct answer-farm and ranch and commercial and
industrial transactions when parties are represented by the same broker
Example of employment agreements are the:
a. listing agreement. b. buyers representation agreement. c. both a and b. d. neither
a or b. - Correct answer-both a and b
The TRELA does not require disclosure if a death occurred on a property by:
a. natural causes. b. suicide. c. accident unrelated to the condition of the property.
d. all of the above. - Correct answer-all of the above
When the listing broker shows the listing to someone and implies that the broker is
representing that person, it is.
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,a. intentional dual representation. b. unintended dual representation. c. universal
agency. d. special representation. - Correct answer-unknown, not a.
In order for the agent to sue for commission in a court of law, the agent must:
a. no agreement is required. b. an agent is not allowed to sue the principal. c. have
a written agreement with principal. d. the agent is allowed to sue if he has a written
or verbal agreement with the principal. - Correct answer-have a written agreement
with principal
The one to four residential contract (resale) is the form used to make an offer on a
property. It becomes the contract when:
a. a lawsuit affects the property. b. the buyer has signed the form. c. the offer is
made to the seller. d. all parties have signed. - Correct answer-all parties have
signed
The clients duties include:
a. compensation and cooperation. b. indemnification c. information. d. all of the
above - Correct answer-all of the above
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form
the broker is authorized to execute documents in the name or on the behalf of the
seller concerning the property.
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, a. true. b. false. - Correct answer-false
The Civil Rights Act of 1968 was amended in1974 to include:
a. handicap. b. race. c.sex. d.familial status. - Correct answer-sex
The listing broker agrees to pay the other broker in the. a. TRELA. b. IREM
agreement. c. TREC sales contract. d. IABS - Correct answer-TREC sales contract
The broker or his sponsored salesperson must always discuss the types of agency
offered by the company with the seller or buyer can make a decision about how
they wish to be represented. a. true. b. false. - Correct answer-true
When the broker is aware of the agency relationship and has disclosed the
relationship to all parties to the transaction, it is:
a. intentional dual representation. b. unintended dual representation. c. universal
agency. d. special representation. - Correct answer-intentional dual representation
The broker with a buyer customer and representing the seller through the sellers is
a:
a. buyer. b. seller. c. universal agency. d. special representation. - Correct answer-
unknown. not d.
The amount of commission is set in the:
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Questions and Answers
Intermediary is not limited to residential transactions. It will also be applied to:
a. all listing arrangements. b. all buyer representation agreements. c. farm and
ranch and commercial and industrial transactions when parties are represented by
the same broker. d. all loans - Correct answer-farm and ranch and commercial and
industrial transactions when parties are represented by the same broker
Example of employment agreements are the:
a. listing agreement. b. buyers representation agreement. c. both a and b. d. neither
a or b. - Correct answer-both a and b
The TRELA does not require disclosure if a death occurred on a property by:
a. natural causes. b. suicide. c. accident unrelated to the condition of the property.
d. all of the above. - Correct answer-all of the above
When the listing broker shows the listing to someone and implies that the broker is
representing that person, it is.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,a. intentional dual representation. b. unintended dual representation. c. universal
agency. d. special representation. - Correct answer-unknown, not a.
In order for the agent to sue for commission in a court of law, the agent must:
a. no agreement is required. b. an agent is not allowed to sue the principal. c. have
a written agreement with principal. d. the agent is allowed to sue if he has a written
or verbal agreement with the principal. - Correct answer-have a written agreement
with principal
The one to four residential contract (resale) is the form used to make an offer on a
property. It becomes the contract when:
a. a lawsuit affects the property. b. the buyer has signed the form. c. the offer is
made to the seller. d. all parties have signed. - Correct answer-all parties have
signed
The clients duties include:
a. compensation and cooperation. b. indemnification c. information. d. all of the
above - Correct answer-all of the above
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form
the broker is authorized to execute documents in the name or on the behalf of the
seller concerning the property.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, a. true. b. false. - Correct answer-false
The Civil Rights Act of 1968 was amended in1974 to include:
a. handicap. b. race. c.sex. d.familial status. - Correct answer-sex
The listing broker agrees to pay the other broker in the. a. TRELA. b. IREM
agreement. c. TREC sales contract. d. IABS - Correct answer-TREC sales contract
The broker or his sponsored salesperson must always discuss the types of agency
offered by the company with the seller or buyer can make a decision about how
they wish to be represented. a. true. b. false. - Correct answer-true
When the broker is aware of the agency relationship and has disclosed the
relationship to all parties to the transaction, it is:
a. intentional dual representation. b. unintended dual representation. c. universal
agency. d. special representation. - Correct answer-intentional dual representation
The broker with a buyer customer and representing the seller through the sellers is
a:
a. buyer. b. seller. c. universal agency. d. special representation. - Correct answer-
unknown. not d.
The amount of commission is set in the:
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
