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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

Real Estate Terminology Quiz

Choose a study mode

Podcast

Questions and Answers

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

What is a good practice when selling a property?

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

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

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

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