NCh4 Types Of Agents

Question 1

What is the type of broker who represents either the buyer or the seller, but never both in the same transaction called?

Answer 1

Single agency broker

Question 2

What is a licensee who assists a buyer and seller in reaching an agreement in a real estate transaction, but that does not have an agency relationship with other party is called?

Answer 2

A transactional broker

Question 3

The type of broker, agreeing to represent both parties with their written permission, is a

Answer 3

Dual agency broker

Question 4

Can a broker acting as a dual agent appoint a designated agent to represent the buyer, and another designated agent to represent the seller?

Answer 4

Yes 

Question 5

In Texas, how may a broker represent both parties in a single transaction?

Answer 5

As an Intermediary

Question 6

In Texas what law always takes precedence over common law?

Answer 6

Statutory law

Question 7

When an agent is also the seller, buyer, landlord or tenant this is called __________, and must be disclosed

Answer 7

Agency coupled with interest