Agency
Agency Practice Question
Is commingling legal in Texas?
A
NoB
Yes, under Timeshare ActC
Sometimes, with buyers agent permissionD
Sometimes, with sellers agent permissionExplanation
Commingling (mixing client funds with personal funds) is illegal in Texas.
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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