Texas Law of Agency Exam Prep. Chapter 10

Competency

The real estate agent should be informed on market conditions affecting the real estate business

Integrity

The real estate agent should employe prudence and cautions as to avoid misrepresentation in any way.

Fidelity

The real estate agent should place no personal interest above that of his or her client

TRELA

requires that TREC investigate complaints against license holders according to a risk-based approach.

Discriminatory practices

A real estate agent must not respond to or facilitate inquiries about or make disclosure which indicates any racial, or religious preference

Ethics

A set of principles or a system of values

All of these

What does the Consumer Protection Notice (CN1-2) notify of? A. How to file a complaint against a license holder. B. The Recovery Trust Account. C. TREC regulates brokers, sales agents, and inspectors among others.

Rules of the Commission

Where would you find the Canons of Professional Ethics and Conduct for Real Estate License Holders?