EXAM: LAW OF AGENCY – CHAMPIONS (ACTUAL 2025/2026)
| 60 QUESTIONS WITH 100% VERIFIED CORRECT ANSWERS |
LATEST
Which of the following has the authority to suspend or revoke a Texas
real estate license?
TREC
Which of the following is an element of a listing agreement?
the agreement to pay a stated commission, usually a percentage of the
sales price
the IRS considers which of the following a violation of independent
contractor status?
salesperson is told to work set hours, guaranteed a monthly minimum
wage, has his licensing fees paid by the broker
the TAR buyer representation agreement in or text book:
authorizes intermediary, authorizes the buyer to give the agent
complete loyalty, establishes an exclusive market area
The amendments in 1996 to the License Act state that an agent is not
liable for a misrepresentation or concealment of material fact by a
party if:
, The licensee did not know of the falsity of the misrepresentation
when one person acts for another on their behalf it is known as:
an agency relationship
Whether or not to appoint associates in an intermediary real estate
transaction is:
At the discretion of the broker
In Texas, Worker's Compensation must be paid for real estate agents
by brokers:
false
unlicensed assistants may:
be a transaction coordinator
a broker usually establishes buyer representation through a form
known as a:
buyer representation agreement
| 60 QUESTIONS WITH 100% VERIFIED CORRECT ANSWERS |
LATEST
Which of the following has the authority to suspend or revoke a Texas
real estate license?
TREC
Which of the following is an element of a listing agreement?
the agreement to pay a stated commission, usually a percentage of the
sales price
the IRS considers which of the following a violation of independent
contractor status?
salesperson is told to work set hours, guaranteed a monthly minimum
wage, has his licensing fees paid by the broker
the TAR buyer representation agreement in or text book:
authorizes intermediary, authorizes the buyer to give the agent
complete loyalty, establishes an exclusive market area
The amendments in 1996 to the License Act state that an agent is not
liable for a misrepresentation or concealment of material fact by a
party if:
, The licensee did not know of the falsity of the misrepresentation
when one person acts for another on their behalf it is known as:
an agency relationship
Whether or not to appoint associates in an intermediary real estate
transaction is:
At the discretion of the broker
In Texas, Worker's Compensation must be paid for real estate agents
by brokers:
false
unlicensed assistants may:
be a transaction coordinator
a broker usually establishes buyer representation through a form
known as a:
buyer representation agreement
