Agency & LawQuestion 31 of 120
When a broker acts as an intermediary and appoints one associated agent to the buyer and another to the seller, this is commonly called:
a.Appointment (making appointments)
b.Dual agency with no disclosure
c.Subagency
d.Designated brokerage by TREC
Explanation
Under intermediary rules, the broker may, with the parties' written permission, appoint separate associated license holders to communicate with and advise each party. This allows each party to receive more individualized advice while the broker remains the intermediary.
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Related questions on this topic
- In Texas, before a license holder may substantively discuss a real estate transaction, TREC rules generally require providing the consumer with the:
- An 'intermediary' relationship in Texas arises when:
- For a Texas broker to act as an intermediary between a buyer and seller, the broker must obtain:
- A seller instructs the listing agent to conceal a known foundation problem from prospective buyers. The agent should:
- Confidential information the agent learns about the principal, such as the seller's willingness to accept less than list price, must generally be:
- The duty of 'accounting' in an agency relationship requires the agent to:
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