Law of Agency - Champions EXAM QUESTIONS
WITH COMPLETE SOLUTION GUIDE (A+ GRADED
100% VERIFIED) LATEST VERSION 2025!!
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Terms in this set (60)
Which of the following has TREC
the authority to suspend
or revoke a Texas real
estate license?
Which of the following is the agreement to pay a stated commission, usually a
an element of a listing percentage of the sales price
agreement?
the IRS considers which of salesperson is told to work set hours, guaranteed a
the following a violation of monthly minimum wage, has his licensing fees paid by
independent contractor the broker
status?
the TAR buyer authorizes intermediary, authorizes the buyer to give
representation agreement the agent complete loyalty, establishes an exclusive
in or text book: market area
The amendments in 1996 The licensee did not know of the falsity of the
to the License Act state misrepresentation
that an agent is not liable
for a misrepresentation or
concealment of material
fact by a party if:
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, 7/28/25, 12:18 PM Law of Agency - Champions EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERIFIED) LATEST…
One who hires an agent to principal
represent him is called a:
It is always a good idea to The seller fill out the Seller's Disclosure Notice
have:
A real estate brokerage false
firm that practices buyer
agency only has a lot of
intermediary transactions.
Which of the following is a Written information obtained from a government
statutory defense for a record
lawsuit brought about by
DTPA?
A licensee is not liable for true
a misrepresentation or a
concealment of a material
fact made by a party to a
real estate transaction if
the seller did not disclose
it to the agent.
Actual awareness of a knowingly
falsity, deception, or
unfairness of an act under
DTPA is known as:
The TREC was established 1949
in:
an exemption to using the a lease for not more than 1 year
Information About
Brokerage Services form
is:
listings can be terminated true
at any time by mutual
agreement
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