- Study guides, Class notes & Summaries

An agent becomes the agent of the seller when both the seller and the agent sign: (a) The purchase agreement (b) The Transfer Disclosure Statement (c) The Agency Disclosure Statement (d) The Listing Agreement - Answer- The correct answer is d: The Listing Agreement creates the agency relationship between the seller and the listing agent In the correct order, list the chain of events necessary to comply with the agency disclosure law: (a) confirm, disclose, elect (b) investigate, d...

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20 pages

Written in 2022/2023

Grade A+

GEEKA

Laws of Agency Exam | Questions with Correct Answers | 100% Pass

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15 pages

Written in 2024/2025

Grade A+

ExamsCollection

BUNDLE PACKAGE:::Laws of Agency | Exams| Questions with Correct Answers | 100% Pass

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5 items

ExamsCollection

Laws of Agency Exam | Questions with Correct Answers | 100% Pass

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53 pages

Written in 2024/2025

Grade A+

ExamsCollection

Laws of Agency Exam | Questions with Correct Answers | 100% Pass

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10 pages

Written in 2024/2025

Grade A+

ExamsCollection

Laws of Agency Exam | Questions with Correct Answers | 100% Pass

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26 pages

Written in 2024/2025

Grade A+

ExamsCollection

Laws of Agency Exam | Questions with Correct Answers | 100% Pass

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42 pages

Written in 2024/2025

Grade A+

ExamsCollection

The agency relationship is established between: - -The sponsoring broker and principal This is not a fiduciary obligation owed to a client - -Inspection Due to the unique nature of the fiduciary responsibility of obedience, a licensee has an obligation to follow an unlawful instruction of a client under these circumstances: - Never A licensee who violates the fiduciary responsibility of loyalty to the client is guilty of: - Unethical behavior, unprofessional behavior, illega...

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10 pages

Written in 2024/2025

Grade A

AlexScorer

A general agency empowers the agent to: 1. Transact matters of all types for the client 2. Transact the client's affairs in a certain business 3. Perform only specific acts for the client 4. Perform any legal acts for the client - -transact the client's affairs in a certain business All of the following are examples of dual agency except: 1. Broker representing buyer and seller, with consent of both 2. Escrow agents 3. Broker representing both buyer and seller, wit...

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33 pages

Written in 2024/2025

Grade A+

AlexScorer

⩥ which of the following actions would be a violation of anti trust laws? 1. two brokers agree to only market their services in specific areas of the community 2. jim, a broker, advertises that his firm will only represent buyers 3. an independent broker refuses to join the local association of realtors 4. a firm has some salespersons working as independent contractors and others working as employees. Answer: two brokers agree to only market their services in specific areas of th...

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55 pages

Written in 2024/2025

Grade A+

TopGradeInsider

⫸ Real estate professionals are not expected to have knowledge of matters outside of the return of the license law. Because of this, a real estate professional should always refrain from offering advice or opinions in these areas and should. Answer: Refer the client or the customer to a professional for help ⫸ What information must an agent disclose to a third party in a transaction? Answer: Known material facts about the property ⫸ Seller C and Broker D have an oral agreemen...

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11 pages

Written in 2024/2025

Grade A+

TopGradeInsider

⫸ Agency can exist without regard to who pays the fee. Answer: True ⫸ The real estate broker who allows his sales associates to list their own homes through the brokerage without charging the usual listing fee has created. Answer: gratuitous agency. ⫸ It is important to determine in every case whether an agency relationship exists due to issues relating to. Answer: legal effects. professional and ethical responsibility. imputed notice. all of the above. ⫸ In Texas, an indiv...

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16 pages

Written in 2024/2025

Grade A+

TopGradeInsider

⩥ 50. In Texas, Worker's Compensation must be paid for real estate agents by brokers: (a) True (b) FALSE. Answer: B ⩥ 51. The Tax Equity and Fiscal Responsibility Act has which of the following tests for independent contractor status? (a) the salesperson signs a written contract with the broker stating the salesperson is not an employee (b) the salesperson states in writing he will not discriminate (c) the salesperson is exempt because he is between 40-70 years old (d)...

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43 pages

Written in 2024/2025

Grade A+

TopGradeInsider

◉ Broker I. Mann Asse listed a property that, according to the local appraisal district's website, was approximately 3,000 square feet in size, even though the seller had given him a copy of a previous appraisal he had had done that showed the property to actually be 2,500 square feet. Broker Asse then gave a copy of the appraisal district website's property details sheet, showing the 3,000 square feet, to a prospective buyer and his buyer broker, who quickly made an offer, t...

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28 pages

Written in 2024/2025

Grade A+

TopGradeInsider

Laws of Agency Exam, Latest Premium Expert Update()|Brand New Exam Questions With 100% Correct Answers, All Graded A+, Guaranteed Success. a general agency empowers the agent to: 1. transact matters of all types for the client 2. transact the client's affairs in a certain business 3. perform only specific acts for the client 4. perform any legal acts for the client - ANSWERtransact the client's affairs in a certain business all of the following ar...

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33 pages

Written in 2024/2025

Grade A+

BRILLIANTSOLUTIONS

Law of Agency Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

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18 items

StellarScores

Laws of Agency Questions and Answers Rated A+ Law of Agency A body of laws that govern the relationship between a principal and his/her agent. It defines the rights and duties of the parties in a real estate transaction. These laws are based on common law. Single Agency The practice of representing either the buyer or the seller, but never both in the same transaction. Dual Agency The practice of representing both the buyer and the seller in the same transaction. Discouraged in many states Re...

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6 pages

Written in 2023/2024

Grade A+

StellarScores