Agency
Agency Practice Question
In Texas, a broker's sponsoring relationship with a sales agent is:
A
An employer-employee relationship onlyB
Required by TREC for all sales agentsC
Optional for experienced agentsD
Only required for new licenseesExplanation
All Texas sales agents must be sponsored by a licensed broker to practice real estate.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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