Texas Law of Agency - Chapter 10
Americans with Disabilities Act
A federal law protecting the rights of individuals with physical or mental impairments is known as the...? Fair Housing Act of 1968 TILA Americans with Disabilities Act RESPA
Fair Housing Act of 1968
A federal prohibition on discrimination in sale, rental, financing, or appraisal of housing on the basis of race, color, religion, gender, national origin, handicap, or familial status, is known as the...? Fair Housing Act of 1866 Fair Housing Act of 1968 Fair Housing Act of 1973 TILA
TRELA
A real estate professional may be held criminally liable for violating which of the following...? NAR code of ethics TAR code of ethics TRELA HAR code of ethics
All of the above
Failing to disclose which of the following may be considered an act of omission...? Lead-based paint Ground water contamination Asbestos All of the above
Business and Commerce Code
Fraud in the real estate industry is covered in which of the following statutes...? Texas Fair Housing Act Business and Commerce Code Texas Constitution Uniform Commercial Code
Americans with Disabilities Act
Jane owns a multi-family building in Austin. According to this federal law, Jane must make reasonable accommodations for handicapped individuals...? Fair Housing Act of 1968 TILA Americans with Disabilities Act RESPA
Any of the above
Laws may be categorized as which of the following...? Federal laws State laws Local laws Any of the above
Ethics
Moral principles that govern a person's or group's behavior are known as...? Law Ethics Guidelines Codes
TILA
Regulation Z is also known as...? RESPA TILA Fair Housing Act Sherman Anti-Trust Act
Morals
Self imposed duties that guide a person's conduct are known as...? Guidelines Morals Laws Ethics
T (True)
Sherman Anti-Trust Act prohibits companies from monopolizing a particular market...? T (True) F (False)
9
TREC is comprised of how many commissioners...? 2 3 6 9
Seller's Disclosure of Property Condition
The Texas Property Code requires which of the following in a residential transaction...? Information About Brokerage Services form All of the above Commission Disclosure Form Seller's Disclosure of Property Condition
Texas Administrative Code
The five canons of professional ethics and conduct for real estate professionals is described in which of the following...? Texas Administrative Code TRELA Texas Property Code Business and Commerce Code
The law
What is the minimum standard of conduct for a real estate professional...? The NAR code of ethics The law The TAR code of ethics The TAC cannons of ethics
Price fixing
Which of the following actions is prohibited under the Sherman Anti-Trust Act...? Dual agency Referral fees Price fixing All of the above
Addendum For Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law
Which of the following addenda must be used in a residential real estate transaction, if the house was built prior to 1978...? Addendum For Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law Addendum for Environmental Protection Addendum for Hazardous Materials All of the above
All of the above
Which of the following are protected classes under the Equal Credit Opportunity Act...? Religion Sex Marital status All of the above
A real estate salesperson
Which of the following cannot serve as a TREC commissioner...? A real estate salesperson A real estate broker A real estate attorney All of the above
TRELA
Which of the following describes the rules and regulations regarding the practice of real estate in Texas...? TRELA TREC TAR NAR
TILA
Which of the following federal laws requires lenders to disclose to borrowers the actual cost of obtaining a loan...? Sherman Anti-Trust Act Fair Housing Act TILA ADA
All of the above
Which of the following is a cannon of professional ethics and conduct stated in the Texas Administrative Code...? Fidelity Integrity Competence All of the above
National origin
Which of the following is a protected class under the Federal Fair Housing Act...? All of the above Occupation National origin Financial status
NAR code of ethics
Which of the following is the oldest code of ethics for real estate professionals...? TAR code of ethics Texas Property Code NAR code of ethics Texas Administrative Code
Federal law
Which of the following laws takes precedent over all other laws...? State law Local law Federal law County law
Equal Credit Opportunity Act
Which of the following prohibits discrimination of protected classes in the lending process...? Truth-in-Lending Act Equal Credit Opportunity Act Real Estate Settlement Procedures Act Community Reinvestment Act
3
The TREC commissioners consists of how many public members...? 2 3 6 9
6
The TREC commissioners consists of how many real estate brokers...? 2 3 6 9
Legal
The law establishes an agent's ...........duties? Ethical Moral Legal All of the above
Ancestry
This is a protected class under the Texas Fair Housing Act, which is not protected under the Federal Fair Housing Act...? Financial status All of the above Ancestry Age
Law
This is a system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties...? Ethics Law Morals Guidelines
NAR
Which of the following establishes a code of ethics for real estate agents...? NAR HUD AIA All of the above
The law
Which of the following takes precedent over an individual's moral standards...? Ethics Guidelines The law None of the above
TREC
Who is responsible for enforcing TRELA...? TAR TREC NAR HUD
