Texas Law of Agency

One who acts for and with authority from another, called the principal, is known as a/an…?

• Agent

• Attorney

• Employee

• Partner

Which of the following can legally employ a real estate salesperson to work on their behalf…?

• A real estate broker

• A real estate associate

• Another real estate salesperson

• An associate broker

The Information About Brokerage Services form is presented by the broker to the…?

• Escrow agent

• Associate Agent

• Prospective Client

• Agent

Which of the following has the highest authority in an agency relationship…?

• Associate licensee

• Real estate salesperson

• Associate broker

• Real estate broker

A real estate broker may sponsor which of the following…?

• Real estate salesperson

• All of the above

• Associate broker

• Associate licensee

Statutory law is derived from which of the following…?

• Court decisions

• Legislation

• Judge rulings

• Common actions

Agency between a broker and principal is created through a/an…?

• Listing Contract

• Independent Contractor Agreement

• Any of the Above

• Common Actions

A real estate broker works for which of the following in a transaction…?

• All of the Above

• The Principal

• The Customer

• The Lender

The party the agent brings to the principal as a seller or buyer of the property is known as a/an…?

• Partner

• Customer

• Clent

• Associate

If an individual works as an associate broker, who must they work under…?

• An associate broker does not work under anyone

• A Sponsoring Broker

• A Real Estate Salesperson

• An Associate Licensee