10/30/25, 6:00 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 (80)
Most lawsuits involve A. Increasing
issues of who did or did
not represent whom. The A broker is more likely to be sued because he failed
number of lawsuits are: to make it clear to all parties who he represented as a
A. Increasing client.
B. Decreasing
C. Stabilizing over the last
several years
D. Broker lawsuits are not
allowed
The broker working with a C. Subagent
buyer customer and
representing the seller For subagency to exist there must be two sponsoring
through the broker is a: brokers. One of the brokers has a seller client and the
A. Buyer other broker has a buyer customer.
B. Seller
C. Subagent
D. Intermediary
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,10/30/25, 6:00 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
All parties to the B. Client
transaction must be
treated honestly and fairly, A fiduciary relationship is a relationship of trust. The
but a fiduciary relationship broker must always put the clients interest over the
is owed to the: broker's interest.
A. Customer
B. Client
C. Everyone
D. No one
The TRELA does not D. All the above
require disclosure if a
death occurred on the A murder on the property and an accidental death
property: related to a condition on the property must be
A. By natural causes disclosed
B. By suicide
C. In an accident
unrelated to the condition
of the property
D. All the above
Something that affects the C. Physical Stigma
property or the health of
the residents of the A psychological stigma does not affect the physical
property is called a(n): condition on the property, but it can affect the value
A. Psychological Stigma of the property.
B. Exception
C. Physical Stigma
D. None of the above
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, 10/30/25, 6:00 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
Information about D. At the first substantive dialogue about a property
Brokerage Services must
be given to potential Information About Brokerage Services gives
buyers, sellers, tenants, information concerning the ways a broker can
and landlords: represent a person. It gives information about buyer's
A. At the time of first agency, seller's agency, intermediary, and subagency.
meeting
B. After the listing is taken
C. At the closing
D. At the first substantive
dialogue about a property
How many companies are D. 2
required in a subagency
relationship? For subagency to exist there must be two sponsoring
A. 13 brokers (companies) and one of those brokers must
B. 9 have a buyer customer.
C. 4
D. 2
What advice would an C. Both A and B
agent give to a seller?
A. Advice about market The agent is representing the seller as a client and
conditions and financing owes advice and opinions to the seller.
options
B. Advice about preparing
the property for sale and
negotiating contracts
C. Both A and B
D. None of the above
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Law of Agency Final Review Questions with
Correct Answers 100% Solved
Save
Terms in this set (80)
Most lawsuits involve A. Increasing
issues of who did or did
not represent whom. The A broker is more likely to be sued because he failed
number of lawsuits are: to make it clear to all parties who he represented as a
A. Increasing client.
B. Decreasing
C. Stabilizing over the last
several years
D. Broker lawsuits are not
allowed
The broker working with a C. Subagent
buyer customer and
representing the seller For subagency to exist there must be two sponsoring
through the broker is a: brokers. One of the brokers has a seller client and the
A. Buyer other broker has a buyer customer.
B. Seller
C. Subagent
D. Intermediary
https://quizlet.com/1100916076/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 1/30
,10/30/25, 6:00 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
All parties to the B. Client
transaction must be
treated honestly and fairly, A fiduciary relationship is a relationship of trust. The
but a fiduciary relationship broker must always put the clients interest over the
is owed to the: broker's interest.
A. Customer
B. Client
C. Everyone
D. No one
The TRELA does not D. All the above
require disclosure if a
death occurred on the A murder on the property and an accidental death
property: related to a condition on the property must be
A. By natural causes disclosed
B. By suicide
C. In an accident
unrelated to the condition
of the property
D. All the above
Something that affects the C. Physical Stigma
property or the health of
the residents of the A psychological stigma does not affect the physical
property is called a(n): condition on the property, but it can affect the value
A. Psychological Stigma of the property.
B. Exception
C. Physical Stigma
D. None of the above
https://quizlet.com/1100916076/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 2/30
, 10/30/25, 6:00 AM Law of Agency Final Review Questions with Correct Answers 100% Solved Flashcards | Quizlet
Information about D. At the first substantive dialogue about a property
Brokerage Services must
be given to potential Information About Brokerage Services gives
buyers, sellers, tenants, information concerning the ways a broker can
and landlords: represent a person. It gives information about buyer's
A. At the time of first agency, seller's agency, intermediary, and subagency.
meeting
B. After the listing is taken
C. At the closing
D. At the first substantive
dialogue about a property
How many companies are D. 2
required in a subagency
relationship? For subagency to exist there must be two sponsoring
A. 13 brokers (companies) and one of those brokers must
B. 9 have a buyer customer.
C. 4
D. 2
What advice would an C. Both A and B
agent give to a seller?
A. Advice about market The agent is representing the seller as a client and
conditions and financing owes advice and opinions to the seller.
options
B. Advice about preparing
the property for sale and
negotiating contracts
C. Both A and B
D. None of the above
https://quizlet.com/1100916076/law-of-agency-final-review-questions-with-correct-answers-100-solved-flash-cards/?new 3/30
