CHAMPIONS REAL ESTATE REGULATIONS EXAM 2025 |50
QUESTIONS WITH ACCURATE SOLUTIONS
1. A real estate agency governs the relationship between ____ and
in a real
estate transaction.
Clients and
agents Agents
and brokers
Clients and
brokers Sellers
and buyers
2. Explain why acting as both a broker and an undisclosed
principal in a real estate transaction is considered prohibited.
It creates a conflict of interest that can harm one party's
interests.
It is not recognized under community property laws.
It allows the broker to charge higher fees without
justification. It violates the requirement for mediation
certification.
3. What is one specific cause for the suspension or revocation of a
real estate license related to marketing practices?
Offering discounts on property commissions
Guaranteeing a profit when reselling real property
Providing free home inspections
Advertising properties without a license
4. What qualifications does a private pro bono mediator need to
,have to be a qualified mediator?
40 hours of formal mediator training from any state
40 hours of Texas mediation training, and expertise
in the contested matter
, a Texas law degree
expertise in the contested matter
5. It may be cause for suspension or revocation of license to
list a property for less than the seller\'s purchase price.
guarantee future profits from resale of real estate.
not tell a prospective buyer that a convicted sex offender
lives next door.
sell a property for less than the seller\'s purchase price.
6. A licensee may have his/her license suspended or revoked for
which of the following:
Accepting giving or charging disclosed commissions
Guaranteeing future profits from the resale of property
Encouraging people not to break
contracts All of the following
7. In Texas, if a promulgated contract form is not used, the
real estate licensee representing the parties should use a
form
Prepared by the
brokers Prepared by
the licensee
Prepared by an attorney at law licensed in Texas
Any or none of the
above All of the
above
8. A real estate licensee may assist consumers with contract
preparation using preprinted forms as long as:
QUESTIONS WITH ACCURATE SOLUTIONS
1. A real estate agency governs the relationship between ____ and
in a real
estate transaction.
Clients and
agents Agents
and brokers
Clients and
brokers Sellers
and buyers
2. Explain why acting as both a broker and an undisclosed
principal in a real estate transaction is considered prohibited.
It creates a conflict of interest that can harm one party's
interests.
It is not recognized under community property laws.
It allows the broker to charge higher fees without
justification. It violates the requirement for mediation
certification.
3. What is one specific cause for the suspension or revocation of a
real estate license related to marketing practices?
Offering discounts on property commissions
Guaranteeing a profit when reselling real property
Providing free home inspections
Advertising properties without a license
4. What qualifications does a private pro bono mediator need to
,have to be a qualified mediator?
40 hours of formal mediator training from any state
40 hours of Texas mediation training, and expertise
in the contested matter
, a Texas law degree
expertise in the contested matter
5. It may be cause for suspension or revocation of license to
list a property for less than the seller\'s purchase price.
guarantee future profits from resale of real estate.
not tell a prospective buyer that a convicted sex offender
lives next door.
sell a property for less than the seller\'s purchase price.
6. A licensee may have his/her license suspended or revoked for
which of the following:
Accepting giving or charging disclosed commissions
Guaranteeing future profits from the resale of property
Encouraging people not to break
contracts All of the following
7. In Texas, if a promulgated contract form is not used, the
real estate licensee representing the parties should use a
form
Prepared by the
brokers Prepared by
the licensee
Prepared by an attorney at law licensed in Texas
Any or none of the
above All of the
above
8. A real estate licensee may assist consumers with contract
preparation using preprinted forms as long as:
