Question Completion Suban QUESTION 1 A red astate beense holder can lose his Scores for O bite to make dont to all parties to a resnackon, which party by h ating the O moshing competition from more than one party arcept with the full isowledge and coment of the other party G tobore to present the TREC Agency Disclosure Nolice form to the appropetite parties in a Imily name in propabed by THECIM D bothANC QUESTION? O b wiling al the time of the Word portal with another Louise holder uponspring the star party O prolly or in writing at the time of the Bril contact with another binge holder riparianing the other party QUITTIONS QUISTION 4 which of the lobo ing makeQUESTION 5 The Texas Deceptive Trade And covers which of the following practices? O maropinionting that goods are now O disparaging the services of competitors O concealing property latent defects O all of the above QUESTION & Thea disclosure to in owner, that a Soonto holder Is buying reid property for his own account, MUST be made by Emily by O daclosure in the contract of sale or orally before being submitted O when diclosure in the sales offer O driclosure in writing given prior to entering into any contract of sale QUESTION ? TRELA prohibits a boone holder bom O over using any combat except TREC approved forms O entering his in aral single agency appomat D embeding into an oral intermediry broker representation agreement O dof the bone QUESTIONS IN a legeris holder in barring backerape bobed properly for his mom account, the keise holder MUST plies the tolera te ophil maried wel O ONLY If the contred was made while ading on a representative of the caller O Only when it appears the sele is familiar with comment market ville Click Save and Subwit to save and nobnit, CUD Dowe All Arnerite ing all exportQUESTION A real estate brobet, acting as an agent for a clant in a trumandion, his a primary duty la O put the transaction closed Q help both parties reach a mutually banovicial agreement O represent the interest of his client QUESTION 10 A broker cocanty sold a home for $78450. The beover changed the solera 65% conclusion and all pay 30'S of that amount to the hting wakes agent and 25% to the sriing sakin agent. What amant of commition wil the Biting 0 1 550 35 QUISTION 11 QUESTION 13 SAMSUNG@ Quinton Compation Stature QUESTION 13 A Friting bestow MUST submit to the sober which of these shirt? O an cher whodid through a coupleding becker at $1000 kins than an in house offer O in ole for a price below the amount that the toler said was unacceptable QUESTION 14 What is the relilomhip of the bing broker's sobspent to me site? QUESTION 15 QUESTION 14 QUISTION IT SAMSUNGQUESTION 17 I legal problems arise in a transaction, the broker should try to solve them O hing of recommend an attomay for the parties O advise that the money for the title company can handle the problem O adotin the parties to consult an attorney QUESTION 18 The amount of commission due a sales agent by hit broker is set by O brokericlient negotiations O metal agreement between broker and sales agent O TRELA QUISTION 19 As an agent for a seller, a becker is allowed to O guarantees prospective buyon that the toler will accept a cartain pika O advise a buyer of the quality of title to the property O change the terms of the listing contract on behalf of the seller Q touch an offer to purchase the property from a prospective buyer QUESTION 20 A Texas real estate broker may divide a commission with an attorney Loansed by the State But of Texas O another leansed real estate backer Click Spot and Submit to move and submit. click Save All Ameri 19 Aw all axman,Mutation Completion Stobust QUESTION 21 Amount el commission due a broker is determined by O TREC O TRELA 3 negotiation with the client O Federal Trade Commission QUESTION 22 H a broker and her sales agent have a dispute over the commission split on a sale, the sales agent has the recourse of O complaining in the seller O complaining to the buyer O filing a complaint with the Texas Roal Estate Commission O bringing legal action against her broker QUESTION 23 The broker's clientis the O seller and buyer the party who contracts the broker's services QUESTION 24 The Law that applies to the cespom bibles and obligations of a portion who acts for another is called the O Statue of Frauds O REALTOR's Coda of Ethics O Law of Againcy Texas Property CodaQuestion Completion Status QUESTION 25 A broker, upon discovering a latent defect in a building, should chess the problem with the seller and inform the O seller that the defect MUST be repaired O TREC that the defect orbits O city building Inspector of the defect O prospective buyer of the defect QUESTION 26 Before a broker is entiled to claim or sue for a comlasion from a sollor, he MUST meet which of the following requirements?' O currently be loansed as a Texas becker O be the procuring cause of the sala O be employed by seller by an enforceable written listing agonment O. all of the above QUESTION 37 A sales agent may be guilty of discrimination for NOT showing a home to which all the following prospects? D Black O Anglo all of the above QUESTION 28 A living contract that provides for payment of a competition to s trobe even though the petes negotiated the sale without the broker's ald is called an D eachnike agency O spin contraQuestion Completion Stature QUESTION 39 If a seller makes a counterollar te an offer to purchase her land. the prospecthee purchaser h O bound by the original offer Q bound in accept the counterelter O fellaved of the original after O restricted from making a counterafter QUESTION 30 A broker who represents a seller under in sockrive right-to-Foll Wing necehis two offers to the property, one from one of hie sales agents and one then's cooperating broker The bicken thouid subunit O the ofler from his silos aqpat first O the ofer from the coopering broker first O both offon at the same time for client consideration O each offer as received by its priority in tia QUESTION 11 A seller has bled her home with a broker for $109 009, and the tether tells a prospective barre to wind s how offer because the site is desperate to sell The baged offers $90,809 and the saber accoph & In this shuston the Q wii unethical bul overlooked shoe he why did gil towel her hime Q han violated his agency reudomship with the safer added properly to obtain a quick offer on the realty QUESTION 12 A Beansed becker who bits and with thi own property to s cantomer MUST O isduce the walls price by the most of the windand comisibani's O newly the cullome that he is the owner of the property and s keneed real mutate bicker QUESTION BAQUESTION 33 A broker late a property for sale of $180,000 with a 5%% commission, and he later sblains a verbal ofer to purchase the property from a prospective bayer The peller Indicates to the booker that the offer would be acceptable if I wore wilbedied In writing but before A can be put in writing the boyde baun out and cricket he vital offte in th suitor, the broker would be mitted is a commission el $5.080 O ONLY a part id commission NO communic QUESTION 14 The correct response to a custombuyer to a question conduring the condition of the home how which the wifeponthas ho basesopen "You can be in well as I can that everything h In parkact condedon IDON'T how You can ban tingpadded" QUESTION 15 QUESTION BE SAMSUNGQUESTION 37 A cooperating broken acting in a whoping capacity with a buyplanshome that the sober is Ming shortly for bankruptcy This diecicure is proper it Ah usall In promoting a quick ofer 0 whopent cubans tron diecliing the bush any further O hi gets the buyer the DUST deal O te woden authorize the release d this Information QUESTION # Allied the following would terminal in agency mbolowhy EXCEPT QUESTION QUISTION 40QUESTION 41 Under curtion: NAR guidelines, when a property is placed In a MIS, I MUST at least establish sian O berpar agency O offer of an agency and compensation Q informedlary agency QUESTION 42 Which of the following actions of a broker h most Ively to Indicate the creation of an uppricy with the buyer? O showing buyer available properties O transmitting buyer's offer to solar Q chacussing the financial shamaives available O negotiating on bayer's bethel QUESTION 43 An Intermediary booker's relationships to the partiash a really branches h that of a O dual agency Q mutiple representation agency QUESTION 44 A real stone broke suing as an agent of the buyer in a transaction, has the primary duty to Q help both parties to reach a mutual beneficial agreement O camp! to put full price for seller 3 represent the Interests of her chest Click Save and Submit to Bear and mobwit, Chil Save All Atmore to many all culversQUESTION 45 Even though a broker is an agent of the buyer, he is obligated to treat the seller O impartialy Q equally Q as a fiduciary QUESTION 4G The duties of a fiduciary acting as on agent for one party in a transaction, demand that the agent O be bathd and observant to the trust of all parties O be faithful and observant to the wust placed in him O make sure customers are represented O be careful to get a mutually satisfactory transaction concluded QUESTION 47 A linkit can accept compensation from both buyer and peter under what conditions? O Bilal commission amount is reasonable O if both parties consent in writing to moot impeded becker additonal expinets Q under NO conditions QUESTION 48 What are some of the legal remedies avallable in the avant a broker acts as an Intermediary broker without disclosure of content? O chil Law suit fortanture of commission O wel the aboveQUESTION 49 O beckoned property sales O now at the iban QUESTION SO When Is the BEST time to chiclose to the soler the agency witor al the buyer's bickert Q ate the property Is show O hmmm manage with bing backer Q a the transaction dining QUESTION S QUESTION S2 QUESTION S SAMSUNGQUESTION 53 A broker CAN'T legally collect commissions from both seller and buyer without Q notifying both parties of this fact In wilting aber the sale has closed O having exclusive employment agreements signed by both the seler and buyer O prior knowledge and written consent of both parties O prior knowledge and written consent of seller ONLY QUESTION S4 Which of the following is NOT necessary to create an agency relationship? O delegation of authority by the principal acceptance of the authority by the spent C rollonce upon the spent by the principal O compensation of the agent by the principal QUISTION SS The booker's logel and ethical off potions under a buyer representation control is to sepplans O the BEST possible trem action for his clint O ONLY the lated property price O whatever he can to get lin bopper to sign an offer QUESTION S6 Which of the folowing would be cone O bicken coopering with sad offer O becker paying another bashar a relemel teaQUISTION ST A seller has listed a home for $50,090. A buyer's broour tells a buyer to sobank a low s for because of slow paige in the ance. The buyer offor $78.900 and the willer scorpis it In this shuation the becker O has violated he againcy relationship with the wells Q wan unethical ban the seller did get to wod the property O Is unauthorized to encourage much bids for the property D filled his Sdudary duty to shadows a material fat about the property QUESTION 58 Atechoed may be hired as an agent by which of the following? Q a buyer looking for an apartment building to buy. which the bookon ell she minage O a burger wanting consultation on a prospective purchase O an owner of a bunkers looking for sapantion utes O all of the sbow QUESTION 99 O por anice the barger that the uela eil morphs celin poe Q change form of the sales conrad on behalf of the target QUESTION 64 Q pinnal up