Agency
In Texas, the relationship between a real estate broker and their client is governed by the concept of:
AStatutory agency only
BFiduciary duty and the Occupations Code✓ Correct
CImplied agency without disclosure requirements
DMinisterial acts only
Explanation
Texas law establishes fiduciary duties between a broker and their client. The Texas Occupations Code Chapter 1101 and TREC rules define the scope of these duties including loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care.
Related Texas Agency Questions
- A Texas buyer makes an offer on a home. Their buyer's agent advises them to offer 10% below asking price without substantive market analysis. The agent may be:
- A Texas real estate sales agent who receives an offer from a buyer wants to present it to the seller as soon as possible. The agent's primary obligation is to present the offer to:
- When a Texas broker acts as an intermediary, they are generally prohibited from:
- Under Texas law, the Information About Brokerage Services (IABS) notice must be provided:
- A Texas buyer hires an agent to find commercial investment property. The agency relationship they agree to is an exclusive buyer representation agreement. This means:
- In Texas, 'procuring cause' in a real estate transaction refers to:
- A Texas buyer's representation agreement is BEST described as:
- Under Texas law, a sponsored sales agent owes fiduciary duties to:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →