Real Estate Terminology Quiz
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Questions and Answers

Which term refers to someone who hires an agent to represent them?

  • Principal (correct)
  • Broker
  • Licensee
  • Lawyer

    • What is a good practice when selling a property?

  • The agent does the inspection of the property
  • The seller fills out the Seller's Disclosure Notice (correct)
  • The broker is present for the inspection of the property
  • The agent fills out the Seller's Disclosure Notice

    • True or False: A real estate brokerage firm that practices buyer agency only has a lot of intermediary transactions.

  • True
  • False (correct)

    • Which of the following is a statutory defense for a lawsuit brought about by DTPA?

    <p>Written information obtained from a government record</p> Signup and view all the answers

    What is the term for a person who represents a client in legal matters?

    <p>Lawyer</p> Signup and view all the answers

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