10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
Law of Agency Final Review Questions with
Correct Answers 100% Solved
Save
Terms in this set (60)
The fiduciary relationship B. An agency relationship
that arises when one
person (a principal)
manifests assent to
another person (an agent)
that the agent shall act on
the principal's behalf and
subject to the principal's
control, and the agent
manifests or otherwise
consents so to act, is
called
A. A common law
relationship
B. An agency relationship
C. A customer relationship
D. An arm's length
transaction
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,10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
A seller listed her home D. The ABC broker must be the agent of the buyer
with XYZ brokerage. A
buyer went to ABC Realty
and the broker agreed to
help her find a home. The
buyer's broker found the
XYZ listing in the MLS and
showed it to the buyer
who wrote an offer. The
MLS offered
compensation to both
buyers agents and sub
agents. Which is a TRUE
statement?
A. The ABC broker does
not represent the buyer
B. The XYZ broker must be
an intermediary
C. The ABC broker must
be the subagent of the
seller
D. The ABC broker must
be the agent of the buyer
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,10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
"No real estate license C. TREC Rules
holder shall inquire about,
respond to, or facilitate
inquiries about, or make a
disclosure of any owner,
previous or current
occupant, potential
purchaser, lessor, or
potential lessee of real
property which indicates
or is intended to indicate
any preference, limitation,
or discrimination based on
the following: 1) race; 2)
color; 3) religion 4) sex; 5)
national origin; 6)
ancestry; 7)familial status;
8) disability." This
statement is a part of 22
TAC 531: Canons of
Professional Ethics and
Conduct, which is found in
the
A. Real Estate License Act
B. Truth in Lending Act
(TILA)
C. TREC Rules
D. Texas Statute of Frauds
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, 10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
A broker has 15 sales B. The broker is the agent of the seller; the seller is the
agents in her firm. Sales principal/client of the broker; sales agent 1 is an agent
agent 1 procures an to broker and, by way of the broker, is an agent for
exclusive right to sell the seller; and the other 14 sales agents are agents for
listing agreement from a the broker and, by way of the broker, are also agents
seller. What is the agency for the seller.
relationship of the parties?
A. The broker is the only
agent of the seller, the
seller is the
principal/client of the
broker; and all 15 sales
agents are agents for the
broker only and have no
agency relationship to the
seller
B. The broker is the agent
of the seller; the seller is
the principal/client of the
broker; sales agent 1 is an
agent to broker and, by
way of the broker, is an
agent for the seller; and
the other 14 sales agents
are agents for the broker
and, by way of the broker,
are also agents for the
seller.
C. Sales agent 1 is the only
agent of the seller;the
other 14 sales agents have
no agency relationship
with the seller; the broker
will conduct himself as an
advisor to sales agent 1
only; and the seller is a
principal/client of sales
https://quizlet.com/1100915808/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 4/46
Law of Agency Final Review Questions with
Correct Answers 100% Solved
Save
Terms in this set (60)
The fiduciary relationship B. An agency relationship
that arises when one
person (a principal)
manifests assent to
another person (an agent)
that the agent shall act on
the principal's behalf and
subject to the principal's
control, and the agent
manifests or otherwise
consents so to act, is
called
A. A common law
relationship
B. An agency relationship
C. A customer relationship
D. An arm's length
transaction
https://quizlet.com/1100915808/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 1/46
,10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
A seller listed her home D. The ABC broker must be the agent of the buyer
with XYZ brokerage. A
buyer went to ABC Realty
and the broker agreed to
help her find a home. The
buyer's broker found the
XYZ listing in the MLS and
showed it to the buyer
who wrote an offer. The
MLS offered
compensation to both
buyers agents and sub
agents. Which is a TRUE
statement?
A. The ABC broker does
not represent the buyer
B. The XYZ broker must be
an intermediary
C. The ABC broker must
be the subagent of the
seller
D. The ABC broker must
be the agent of the buyer
https://quizlet.com/1100915808/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 2/46
,10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
"No real estate license C. TREC Rules
holder shall inquire about,
respond to, or facilitate
inquiries about, or make a
disclosure of any owner,
previous or current
occupant, potential
purchaser, lessor, or
potential lessee of real
property which indicates
or is intended to indicate
any preference, limitation,
or discrimination based on
the following: 1) race; 2)
color; 3) religion 4) sex; 5)
national origin; 6)
ancestry; 7)familial status;
8) disability." This
statement is a part of 22
TAC 531: Canons of
Professional Ethics and
Conduct, which is found in
the
A. Real Estate License Act
B. Truth in Lending Act
(TILA)
C. TREC Rules
D. Texas Statute of Frauds
https://quizlet.com/1100915808/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 3/46
, 10/30/25, 5:59 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
A broker has 15 sales B. The broker is the agent of the seller; the seller is the
agents in her firm. Sales principal/client of the broker; sales agent 1 is an agent
agent 1 procures an to broker and, by way of the broker, is an agent for
exclusive right to sell the seller; and the other 14 sales agents are agents for
listing agreement from a the broker and, by way of the broker, are also agents
seller. What is the agency for the seller.
relationship of the parties?
A. The broker is the only
agent of the seller, the
seller is the
principal/client of the
broker; and all 15 sales
agents are agents for the
broker only and have no
agency relationship to the
seller
B. The broker is the agent
of the seller; the seller is
the principal/client of the
broker; sales agent 1 is an
agent to broker and, by
way of the broker, is an
agent for the seller; and
the other 14 sales agents
are agents for the broker
and, by way of the broker,
are also agents for the
seller.
C. Sales agent 1 is the only
agent of the seller;the
other 14 sales agents have
no agency relationship
with the seller; the broker
will conduct himself as an
advisor to sales agent 1
only; and the seller is a
principal/client of sales
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