Law of Agency - Champions Exam:
Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) Which of the following has the authority to suspend or revoke a Texas real estate license? - Correct Answers ✅TREC Which of the following is an element of a listing agreement? - Correct Answers ✅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? - Correct Answers ✅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: -
Correct Answers ✅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: - Correct Answers ✅The
licensee did not know of the falsity of the misrepresentation
One who hires an agent to represent him is called a: -
Correct Answers ✅principal 1 / 2
Law of Agency - Champions Exam:
Questions and Verified Answers, 100% Guarantee Pass (Latest 2025)
It is always a good idea to have: - Correct Answers ✅The
seller fill out the Seller's Disclosure Notice A real estate brokerage firm that practices buyer agency only has a lot of intermediary transactions. - Correct Answers ✅false Which of the following is a statutory defense for a lawsuit brought about by DTPA? - Correct Answers ✅Written information obtained from a government record A licensee is not liable for 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.
- Correct Answers ✅true
Actual awareness of a falsity, deception, or unfairness of an
act under DTPA is known as: - Correct Answers ✅knowingly
The TREC was established in: - Correct Answers ✅1949
an exemption to using the Information About Brokerage
Services form is: - Correct Answers ✅a lease for not more
than 1 year
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