EXAM: LAW OF AGENCY CHAMPIONS ACTUAL

EXAM: LAW OF AGENCY – CHAMPIONS (ACTUAL / )

| 60 QUESTIONS WITH 100% VERIFIED CORRECT ANSWERS |

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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: 1 / 2

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

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