LAW OF AGENCY CHAMPIONS EXAM
NEWEST 2025 QUESTIONS AND
CORRECT ANSWERS | A+ GRADE
The duty of _______ requires that the agent follow all of
the lawful instructions of the client. Correct Answer
obedience
_______ means that, if a single agent in the firm is
working with both buyer and seller, another agent in the
firm needs to be brought into the transaction so
appointment can be made. Correct Answer Intermediary
with appointments only
real estate agents owe certain non-fiduciary duties to
customers such as: Correct Answer honesty and fairness
an unlicensed assistant may: Correct Answer host an
open house
the best way to create an agency relationship is to do so:
Correct Answer in writing
a licensee must present the information about brokerage
services form: Correct Answer at the first substantive
discussion of a possible transaction
, when actions lead another person to assume that one is
an agent, this is known as: Correct Answer ostensible
agency
listings may be terminated by: Correct Answer death,
insanity, mutual agreement
when one person acts for another on their behalf it is
known as: Correct Answer an agency relationship
Whether or not to appoint associates in an intermediary
real estate transaction is: Correct Answer At the discretion
of the broker
In Texas, Worker's Compensation must be paid for real
estate agents by brokers: Correct Answer false
unlicensed assistants may: Correct Answer be a
transaction coordinator
a broker usually establishes buyer representation through
a form known as a: Correct Answer buyer representation
agreement
for a broker to act as an intermediary there must be:
Correct Answer written consent
the real estate agent works for or on behalf of a: Correct
Answer client
NEWEST 2025 QUESTIONS AND
CORRECT ANSWERS | A+ GRADE
The duty of _______ requires that the agent follow all of
the lawful instructions of the client. Correct Answer
obedience
_______ means that, if a single agent in the firm is
working with both buyer and seller, another agent in the
firm needs to be brought into the transaction so
appointment can be made. Correct Answer Intermediary
with appointments only
real estate agents owe certain non-fiduciary duties to
customers such as: Correct Answer honesty and fairness
an unlicensed assistant may: Correct Answer host an
open house
the best way to create an agency relationship is to do so:
Correct Answer in writing
a licensee must present the information about brokerage
services form: Correct Answer at the first substantive
discussion of a possible transaction
, when actions lead another person to assume that one is
an agent, this is known as: Correct Answer ostensible
agency
listings may be terminated by: Correct Answer death,
insanity, mutual agreement
when one person acts for another on their behalf it is
known as: Correct Answer an agency relationship
Whether or not to appoint associates in an intermediary
real estate transaction is: Correct Answer At the discretion
of the broker
In Texas, Worker's Compensation must be paid for real
estate agents by brokers: Correct Answer false
unlicensed assistants may: Correct Answer be a
transaction coordinator
a broker usually establishes buyer representation through
a form known as a: Correct Answer buyer representation
agreement
for a broker to act as an intermediary there must be:
Correct Answer written consent
the real estate agent works for or on behalf of a: Correct
Answer client
