Texas Law of Agency (FINAL EXAM)
Questions With Correct Answers
Price fixing, boycotting and redlining are violations of - CORRECT ANSWER✔✔-
| | | | | | | | | |
Federal Antitrust Laws | |
Errors and omission insurance covers brokers and agents for - CORRECT
| | | | | | | | | | |
ANSWER✔✔-mistakes made in in listing and sales activites | | | | | | |
When presenting an offer to listing agent, the buyers agent should NOT -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Disclose that the buyer is willing to pay more
| | | | | | | | |
The listing broker should NOT disclose - CORRECT ANSWER✔✔-A registered sex
| | | | | | | | | | |
offender lives next door | | |
One time showing agreements apply to - CORRECT ANSWER✔✔-a specific buyer
| | | | | | | | | | |
ONLY
Which act would NOT lead to suspension or revocation of license - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Deliberately withhold info that the seller has AIDS | | | | | | |
Initial meeting with prospective client with nonexclusive single agency is best
| | | | | | | | | | |
described as - CORRECT ANSWER✔✔-Broker counsels the buyer or the seller
| | | | | | | | | |
, Rules of TREC are found in the - CORRECT ANSWER✔✔-Texas Occupation Code
| | | | | | | | | | |
Agency created by actions is known as - CORRECT ANSWER✔✔-Implied agency
| | | | | | | | | |
Underlying principle found in almost all code of ethics is - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
The golden rule
| |
Example of psychological stigma that may have an affect on a property - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Child molestation occurring on property
| | | | |
Under DTPA the consumer must prove conduct was committed knowingly, they
| | | | | | | | | | |
CANNOT collect for - CORRECT ANSWER✔✔-Mental anguish
| | | | | |
Seller will list you only if you do not reveal swimming pool has concealed crack -
| | | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-decline the offer
| | |
Listing broker must submit which offers - CORRECT ANSWER✔✔-All of these
| | | | | | | | | |
Commission paid to a cooperating broker is determined by - CORRECT
| | | | | | | | | | |
ANSWER✔✔-listing seller and broker | | |
Agent owes fiduciary duties to all except - CORRECT ANSWER✔✔-Customer
| | | | | | | | |
Questions With Correct Answers
Price fixing, boycotting and redlining are violations of - CORRECT ANSWER✔✔-
| | | | | | | | | |
Federal Antitrust Laws | |
Errors and omission insurance covers brokers and agents for - CORRECT
| | | | | | | | | | |
ANSWER✔✔-mistakes made in in listing and sales activites | | | | | | |
When presenting an offer to listing agent, the buyers agent should NOT -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-Disclose that the buyer is willing to pay more
| | | | | | | | |
The listing broker should NOT disclose - CORRECT ANSWER✔✔-A registered sex
| | | | | | | | | | |
offender lives next door | | |
One time showing agreements apply to - CORRECT ANSWER✔✔-a specific buyer
| | | | | | | | | | |
ONLY
Which act would NOT lead to suspension or revocation of license - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Deliberately withhold info that the seller has AIDS | | | | | | |
Initial meeting with prospective client with nonexclusive single agency is best
| | | | | | | | | | |
described as - CORRECT ANSWER✔✔-Broker counsels the buyer or the seller
| | | | | | | | | |
, Rules of TREC are found in the - CORRECT ANSWER✔✔-Texas Occupation Code
| | | | | | | | | | |
Agency created by actions is known as - CORRECT ANSWER✔✔-Implied agency
| | | | | | | | | |
Underlying principle found in almost all code of ethics is - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
The golden rule
| |
Example of psychological stigma that may have an affect on a property - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Child molestation occurring on property
| | | | |
Under DTPA the consumer must prove conduct was committed knowingly, they
| | | | | | | | | | |
CANNOT collect for - CORRECT ANSWER✔✔-Mental anguish
| | | | | |
Seller will list you only if you do not reveal swimming pool has concealed crack -
| | | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-decline the offer
| | |
Listing broker must submit which offers - CORRECT ANSWER✔✔-All of these
| | | | | | | | | |
Commission paid to a cooperating broker is determined by - CORRECT
| | | | | | | | | | |
ANSWER✔✔-listing seller and broker | | |
Agent owes fiduciary duties to all except - CORRECT ANSWER✔✔-Customer
| | | | | | | | |
