Agency
Agency Practice Question
Under Texas law, which party can an appointed licensee in an intermediary relationship advise?
A
Both parties equallyB
Only the party they are appointed toC
Neither partyD
Whichever party pays more commissionExplanation
An appointed licensee can provide advice only to the party to whom they are appointed.
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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