Texas Law of Agency LAW EXAM
QUESTIONS WITH ANSWERS
Protection against damage or loss.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅B
A person who receives limited brokerage services without establishing an agency relationship.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅D
Based on trust.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅A
,Also known as the principal.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅E
A relationship between two parties.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅C
Refusing to tell a buyer how long a property has been on the market.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅A
Helping the buyer formulate a negotiating strategy.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
,Disclosing material facts about a seller's property.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅C
Refusing to provide a negotiating strategy to a seller.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Providing public information related to the property, such as square footage, taxes.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅C
Telling a buyer that a seller's property is overpriced.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Disclosing to a buyer that the current use of a property is in violation of deed restrictions.
a. Customer Level
b. Client Level
, c. Both - CORRECT ANSWER✅✅✅C
Presenting a comparative market analysis to a buyer, showing the property is overpriced.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Telling the seller that the buyer can offer more money for his property.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅A
Leading a buyer to believe that you are working int he buyer's best interest.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Calling attention to negative features such as an inefficient floor plan.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Placing "Property Wanted" ads to find an appropriate property for a buyer.
QUESTIONS WITH ANSWERS
Protection against damage or loss.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅B
A person who receives limited brokerage services without establishing an agency relationship.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅D
Based on trust.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅A
,Also known as the principal.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅E
A relationship between two parties.
a. Fiduciary
b. Indemnification
c. Agency
d. Customer
e. Client - CORRECT ANSWER✅✅✅C
Refusing to tell a buyer how long a property has been on the market.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅A
Helping the buyer formulate a negotiating strategy.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
,Disclosing material facts about a seller's property.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅C
Refusing to provide a negotiating strategy to a seller.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Providing public information related to the property, such as square footage, taxes.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅C
Telling a buyer that a seller's property is overpriced.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Disclosing to a buyer that the current use of a property is in violation of deed restrictions.
a. Customer Level
b. Client Level
, c. Both - CORRECT ANSWER✅✅✅C
Presenting a comparative market analysis to a buyer, showing the property is overpriced.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Telling the seller that the buyer can offer more money for his property.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅A
Leading a buyer to believe that you are working int he buyer's best interest.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Calling attention to negative features such as an inefficient floor plan.
a. Customer Level
b. Client Level
c. Both - CORRECT ANSWER✅✅✅B
Placing "Property Wanted" ads to find an appropriate property for a buyer.
