Portion) Agency/Brokerage
Questions and Answers
1. Disclosure: licensee representing a party shall disclose, either
written or oral,
A) During the first contact with another party/licensee representing
that party.
B) Only after the sale is completed.
C) Only if asked by the other party.
D) After the first week of contact.
Correct Answer A
Explanation: TRELA requires licensees to disclose representation during
the initial contact, whether written or oral.
2. Information about Brokerage Services: TRELA requires at first
conversation of real estate, a written statement of
A) Seller representation, sub-agency, buyer representation, or
intermediary (does not require signature, dates, licensee names).
B) Only buyer representation with signature.
C) Only seller representation with signature.
D) No written statement is required.
Correct Answer A
Explanation: TRELA mandates a written disclosure at first contact
, outlining the types of representation, but it does not require signatures
or specific details like dates or licensee names.
3. Seller's Disclosure is:
A) Required on single-family properties, including FSBO, delivered prior
to offer; if not, the buyer can void the contract.
B) Not required on any property.
C) Only required if the property is under court order.
D) Only required for new construction.
Correct Answer A
Explanation: Seller’s Disclosure must be provided on single-family
homes, including FSBO, before an offer is made. If not provided, the
buyer can terminate the contract.
4. No duty to disclose if prior occupant had:
A) AIDS/HIV.
B) Died of natural causes.
C) A sex offender nearby.
D) Water penetration issues.
Correct Answer A
Explanation: Texas law does not require disclosure of AIDS/HIV status of
prior occupants.
5. Death in the property: No duty to disclose unless:
A) The death was related to the condition of the property.