Agency
Agency Practice Question
Recovery Trust Account payments max per transaction:
A
$2,000 per transaction, $10,000 per licenseeB
$20,000 per transaction, $80,000 per licenseeC
$50,000 per transaction, $100,000 per licenseeD
$100,000 per transaction, $500,000 per licenseeExplanation
The Texas Recovery Trust Account pays maximum $50,000 per transaction and $100,000 per licensee.
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:
Practice More Questions
Access 2,000+ practice questions and pass your real estate exam.
Get Started Free