Name: Score:
60 Multiple choice questions
Term 1 of 60
After the agency relationship has been established, the broker is the agent of the ______, and the
sponsored salesperson is the agent of the_________.
buyer------tenant
broker------client
client------broker
none of the above
Term 2 of 60
All parties to the transaction must be treated honestly and fairly, but only the client is owed a
fiduciary relationship.
True
False
Term 3 of 60
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form the broker is
authorized to execute documents in the name of or on the behalf of Seller concerning the
Property.
True
False
Term 4 of 60
Commissions are paid to the salespersons and the broker associates by the:
other salespersons
other brokers
clients and customers
sponsoring broker
,Term 5 of 60
Express agency may be created by an oral or written agreement. in this agreement the duties of
the broker are stated.
True
False
Term 6 of 60
_________is the chance of something going wrong and the danger that injury, damage, or loss will
occur.
material fact
real estate
risk
office manual
Next question
Term 7 of 60
An offer made by a buyer who would like to buy the property if the first contract does not
close is:
not allowed
against TREC rules
only good for 1 day
a backup offer
,Term 8 of 60
Brokers often act as intermediary and are involved in extensive negotiations between an owner
and a tenant in
commercial leasing
apartment locating
selling homes
listing homes
Next question
Term 9 of 60
When the salesperson leaves the sponsorship of the broker, the buyer's agreement:
remains with the broker.
is cancelled.
is always given to the salesperson.
doubles in length.
Term 10 of 60
Who is responsible for the acts of the salesperson?
Seller
Buyer
The sponsoring broker
All of the above
, Term 11 of 60
A salesperson's licenses must:
be kept in the salesperson's office
be displayed on the wall of the sales office
be inactive with TREC
be kept in the sponsoring broker's custody and control
Term 12 of 60
The listing broker may cooperate with the buyer's broker or a subagent. Often the commission
for all brokers in the transaction is paid by the:
subagent
buyer
seller
attorney
Term 13 of 60
Examples of employment agreements are the:
a. listing agreement
b. buyer's representation agreement
c. both A and B
d. neither A or B
Term 14 of 60
Information About Brokerage Services must always be printed in ______ point type.
8
10
12
14
60 Multiple choice questions
Term 1 of 60
After the agency relationship has been established, the broker is the agent of the ______, and the
sponsored salesperson is the agent of the_________.
buyer------tenant
broker------client
client------broker
none of the above
Term 2 of 60
All parties to the transaction must be treated honestly and fairly, but only the client is owed a
fiduciary relationship.
True
False
Term 3 of 60
In the TAR Residential Real Estate Listing Agreement Exclusive Right to Sell form the broker is
authorized to execute documents in the name of or on the behalf of Seller concerning the
Property.
True
False
Term 4 of 60
Commissions are paid to the salespersons and the broker associates by the:
other salespersons
other brokers
clients and customers
sponsoring broker
,Term 5 of 60
Express agency may be created by an oral or written agreement. in this agreement the duties of
the broker are stated.
True
False
Term 6 of 60
_________is the chance of something going wrong and the danger that injury, damage, or loss will
occur.
material fact
real estate
risk
office manual
Next question
Term 7 of 60
An offer made by a buyer who would like to buy the property if the first contract does not
close is:
not allowed
against TREC rules
only good for 1 day
a backup offer
,Term 8 of 60
Brokers often act as intermediary and are involved in extensive negotiations between an owner
and a tenant in
commercial leasing
apartment locating
selling homes
listing homes
Next question
Term 9 of 60
When the salesperson leaves the sponsorship of the broker, the buyer's agreement:
remains with the broker.
is cancelled.
is always given to the salesperson.
doubles in length.
Term 10 of 60
Who is responsible for the acts of the salesperson?
Seller
Buyer
The sponsoring broker
All of the above
, Term 11 of 60
A salesperson's licenses must:
be kept in the salesperson's office
be displayed on the wall of the sales office
be inactive with TREC
be kept in the sponsoring broker's custody and control
Term 12 of 60
The listing broker may cooperate with the buyer's broker or a subagent. Often the commission
for all brokers in the transaction is paid by the:
subagent
buyer
seller
attorney
Term 13 of 60
Examples of employment agreements are the:
a. listing agreement
b. buyer's representation agreement
c. both A and B
d. neither A or B
Term 14 of 60
Information About Brokerage Services must always be printed in ______ point type.
8
10
12
14
