champions school of real estate law of
agency chapter quiz and Answers
An agency relationship exists when one person, the ______________ acts for,
or on the behalf of another person, the _____________________.
Agent, principal
Which of the following is ground for suspension or revocation of license by
TREC?
Splitting commission with a person other than a license holder
The commission can deny licensure to an applicant based on the applicants?
Moral character
What form must an agent provide to a potential client at the first substantive
discussion of a real estate transaction?
IABS
In real estate, an example of a general agent would be a?
Property Manager
When an agent and potential party enter into a _____________discussion of a
real estate transaction, the party must be provided with a TREC- proscribed
agency information form. First contact/orally or written?
substantive
TREC rules define _______________as any form of communication on behalf
of a license holder designed to attract the public to use real estate brokerage
services.
Advertisement
, If any person violates the provisions of the Texas Business and Commerce
Code, Fraud in Real Estate and Stock Transactions, he or she is liable to the
person defrauded for:
Attorney's fees, Expert witness fees and Court cost
According to TREC's advertising rules, which of the following terms may
NOT be used in a real estate team name?
Company
The _______is usually a fixed percentage of the sales price negotiated between
the brokerage and the client, payable to the broker?
Broker's fee
Exclusive agency agreements
Grant the broker a commission even if the seller sells the property himself.
The shared information from the MLS can be used by agents to prepare a?
Comparative Market Analysis
The agreement that buyers sign, allowing a broker to represent them is called
a?
Buyer/Tenant Representation Agreement
Which of the following statements should a license holder only say AFTER a
Buyer's Representation Agreement has been signed?
My professional option is that the market value of this property is $350,000.
I will write up the offer of 347,000 for you at my office.
It is my professional option that this house is overpriced for the neighborhood.
The individual who, a series of uninterrupted activities or actions, brought
about the completion of a contract is also known as?
The procuring cause of sale
Why is timing critical when taking a listing?
There are time limits attached to oral representation
agency chapter quiz and Answers
An agency relationship exists when one person, the ______________ acts for,
or on the behalf of another person, the _____________________.
Agent, principal
Which of the following is ground for suspension or revocation of license by
TREC?
Splitting commission with a person other than a license holder
The commission can deny licensure to an applicant based on the applicants?
Moral character
What form must an agent provide to a potential client at the first substantive
discussion of a real estate transaction?
IABS
In real estate, an example of a general agent would be a?
Property Manager
When an agent and potential party enter into a _____________discussion of a
real estate transaction, the party must be provided with a TREC- proscribed
agency information form. First contact/orally or written?
substantive
TREC rules define _______________as any form of communication on behalf
of a license holder designed to attract the public to use real estate brokerage
services.
Advertisement
, If any person violates the provisions of the Texas Business and Commerce
Code, Fraud in Real Estate and Stock Transactions, he or she is liable to the
person defrauded for:
Attorney's fees, Expert witness fees and Court cost
According to TREC's advertising rules, which of the following terms may
NOT be used in a real estate team name?
Company
The _______is usually a fixed percentage of the sales price negotiated between
the brokerage and the client, payable to the broker?
Broker's fee
Exclusive agency agreements
Grant the broker a commission even if the seller sells the property himself.
The shared information from the MLS can be used by agents to prepare a?
Comparative Market Analysis
The agreement that buyers sign, allowing a broker to represent them is called
a?
Buyer/Tenant Representation Agreement
Which of the following statements should a license holder only say AFTER a
Buyer's Representation Agreement has been signed?
My professional option is that the market value of this property is $350,000.
I will write up the offer of 347,000 for you at my office.
It is my professional option that this house is overpriced for the neighborhood.
The individual who, a series of uninterrupted activities or actions, brought
about the completion of a contract is also known as?
The procuring cause of sale
Why is timing critical when taking a listing?
There are time limits attached to oral representation
