Free TREC Consumer Protection Questions and Answers
A license holder is showing a home built in 1972 to buyers who notice paint flaking on the woodwork. How should the license holder proceed
Correct!
Wrong!
A lot was purchased as an investment for $10,500 and sold a year later at a loss of 20%. If the owner paid a 10% commission, what was the owner's net loss on the sale
Correct!
Wrong!
A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's ownership of the furniture is a?
Correct!
Wrong!
The commission earned by a listing broker on a sale of property is established by?
Correct!
Wrong!
The appropriate time for a selling broker to explain the agency relationship to a prospective buyer is?
Correct!
Wrong!