TREBS EXAM 3 Questions with Complete
Solutions
A broker with a buyer's representation agreement in place is more likely to show all properties
that meet the needs of the buyer. The properties could include:
A. For Sale by Owner (FISBOs)
B. Foreclosures
C. Property not yet on the market
D. All of the above D. All of the above
The core real estate course, Law of Agency, was established by an amendment to the TRELA in:
A. 1948
B. 1993
C. 1987
D. 1968 B. 1993
In 1993, the legislature created:
,A. Buyers agency
B. Statutory dual agency
C. Intermediary
D. Subagency B. Statutory dual agency
TRELA states a broker may act as an intermediary between parties to a real estate transaction if:
A. The broker obtains written consent from each party for the broker to act as an intermediary in
the transaction.
B. The written consent of the parties states the source of the expected compensation to the
broker.
C. Neither A or B
D. Both A and B D. Both A and B
What is required for the agent to sue for a commission in a court of law?
A. No agreement is required.
B. An agent is not allowed to sue the principal.
, C. The agent is allowed to sue if he has a written agreement with the principal.
D. The agent is allowed to sue if he has a written or verbal agreement with the principal.
C. The agent is allowed to sue if he has a written agreement with the principal.
The Code of Ethics requires the buyer's agent to disclose to the seller's agent that they represent
the buyer at the:
A. First contact
B. First face-to-face meeting
C. First substantive dialogue
D. First formal meeting A. First contact
Commissions are paid to the salespersons and the broker associates by the:
A. Other salespersons
B. Other brokers
C. Clients and customers
D. Sponsoring broker D. Sponsoring broker
Solutions
A broker with a buyer's representation agreement in place is more likely to show all properties
that meet the needs of the buyer. The properties could include:
A. For Sale by Owner (FISBOs)
B. Foreclosures
C. Property not yet on the market
D. All of the above D. All of the above
The core real estate course, Law of Agency, was established by an amendment to the TRELA in:
A. 1948
B. 1993
C. 1987
D. 1968 B. 1993
In 1993, the legislature created:
,A. Buyers agency
B. Statutory dual agency
C. Intermediary
D. Subagency B. Statutory dual agency
TRELA states a broker may act as an intermediary between parties to a real estate transaction if:
A. The broker obtains written consent from each party for the broker to act as an intermediary in
the transaction.
B. The written consent of the parties states the source of the expected compensation to the
broker.
C. Neither A or B
D. Both A and B D. Both A and B
What is required for the agent to sue for a commission in a court of law?
A. No agreement is required.
B. An agent is not allowed to sue the principal.
, C. The agent is allowed to sue if he has a written agreement with the principal.
D. The agent is allowed to sue if he has a written or verbal agreement with the principal.
C. The agent is allowed to sue if he has a written agreement with the principal.
The Code of Ethics requires the buyer's agent to disclose to the seller's agent that they represent
the buyer at the:
A. First contact
B. First face-to-face meeting
C. First substantive dialogue
D. First formal meeting A. First contact
Commissions are paid to the salespersons and the broker associates by the:
A. Other salespersons
B. Other brokers
C. Clients and customers
D. Sponsoring broker D. Sponsoring broker
