10/30/25, 6:02 AM Law of Agency-Final Exam Review (Seventh addition Dearborn) Questions with Correct Answers 100% Solved Flashcards | Quizlet
Law of Agency-Final Exam Review (Seventh
addition Dearborn) Questions with Correct
Answers 100% Solved
Save
Terms in this set (58)
According TRELA subchapter 1101.557b states a broker
representing a party or listing real estate for sale is
the party's agent and
1. May not instruct another broker to directly or
What are the minimum indirectly violate the sub chpt-1101.65b22, 2.Must
services an agent inform the party if the broker Receives material
must offer; information related to the transaction to list, buy, sell,
or lease the parties real estate, including the receipt
of an offer by the broker; and
3. Shall, at a minimum, answer the parties questions
and present Any offered to or from the party.
It is the law that establishes the duties of a real estate
licensee.
> TRAC is responsible for the administration of
TRELA. TREC consists of nine members - six brokers
What is TRELA? and three public members - who are who serve
staggered terms of six years. The governor, with the
approval of the senate,
appoints three replacement members every two
years.
Advice and opinions are Clients.
given to whom:
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, 10/30/25, 6:02 AM Law of Agency-Final Exam Review (Seventh addition Dearborn) Questions with Correct Answers 100% Solved Flashcards | Quizlet
Who are the parties to The seller, buyer, broker or sales associate, tenant
agency agreement?
A Licensee holder not sponsored by or associated
with the clients broker who is representing the client
What is a subagent;
through a cooperative agreement with the client
broker. Also called the other broker.
If a principal instructs His The agent should remove himself from dealing with
agent to violate the law, the principal and not violate the law.
what should an agent do?
a person authorized to act for another under a power
What is an attorney - in -
of attorney. This person is not necessarily a licensed
fact;
attorney.
Under what conditions Only with full disclosure to all parties in the
may a broker buy property transaction.
listed with the broker;
Occurs when a principal gain some benefit from a
previously unauthorized act of an agent, and the
What is agency by
principals, on learning of the act, do not deny that the
ramification:
agent has authority to perform such an act on their
behalf.
A sellers subagent is The seller.
working with a buyer -
who does the sub agent
have a fiduciary
relationship with, the
buyer or the seller?
The person receiving The customer.
services, but who is not
represented is called?
May the listing agent No, that is a breach of fiduciary responsibility.
disclose the selling
motivation to a buyer;
https://quizlet.com/1100916967/law-of-agency-final-exam-review-seventh-addition-dearborn-questions-with-correct-answers-100-solved-flash-cards/?n… 2/9
Law of Agency-Final Exam Review (Seventh
addition Dearborn) Questions with Correct
Answers 100% Solved
Save
Terms in this set (58)
According TRELA subchapter 1101.557b states a broker
representing a party or listing real estate for sale is
the party's agent and
1. May not instruct another broker to directly or
What are the minimum indirectly violate the sub chpt-1101.65b22, 2.Must
services an agent inform the party if the broker Receives material
must offer; information related to the transaction to list, buy, sell,
or lease the parties real estate, including the receipt
of an offer by the broker; and
3. Shall, at a minimum, answer the parties questions
and present Any offered to or from the party.
It is the law that establishes the duties of a real estate
licensee.
> TRAC is responsible for the administration of
TRELA. TREC consists of nine members - six brokers
What is TRELA? and three public members - who are who serve
staggered terms of six years. The governor, with the
approval of the senate,
appoints three replacement members every two
years.
Advice and opinions are Clients.
given to whom:
https://quizlet.com/1100916967/law-of-agency-final-exam-review-seventh-addition-dearborn-questions-with-correct-answers-100-solved-flash-cards/?n… 1/9
, 10/30/25, 6:02 AM Law of Agency-Final Exam Review (Seventh addition Dearborn) Questions with Correct Answers 100% Solved Flashcards | Quizlet
Who are the parties to The seller, buyer, broker or sales associate, tenant
agency agreement?
A Licensee holder not sponsored by or associated
with the clients broker who is representing the client
What is a subagent;
through a cooperative agreement with the client
broker. Also called the other broker.
If a principal instructs His The agent should remove himself from dealing with
agent to violate the law, the principal and not violate the law.
what should an agent do?
a person authorized to act for another under a power
What is an attorney - in -
of attorney. This person is not necessarily a licensed
fact;
attorney.
Under what conditions Only with full disclosure to all parties in the
may a broker buy property transaction.
listed with the broker;
Occurs when a principal gain some benefit from a
previously unauthorized act of an agent, and the
What is agency by
principals, on learning of the act, do not deny that the
ramification:
agent has authority to perform such an act on their
behalf.
A sellers subagent is The seller.
working with a buyer -
who does the sub agent
have a fiduciary
relationship with, the
buyer or the seller?
The person receiving The customer.
services, but who is not
represented is called?
May the listing agent No, that is a breach of fiduciary responsibility.
disclose the selling
motivation to a buyer;
https://quizlet.com/1100916967/law-of-agency-final-exam-review-seventh-addition-dearborn-questions-with-correct-answers-100-solved-flash-cards/?n… 2/9
