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Agency Concepts in Real Estate

Horizontales
TREC consists of __ broker members and three public members.
Appraisal management companies are regulated by __.
__ must act in the best interest of the parties they represent.
One person acting on behalf of another is a/an __ relationship.
Home __ are regulated by TREC.
A __ may act independently in conducting a real estate transaction.
A __ holder must disclose who they represent in a transaction orally or in writing.
A compilation of all state agency rules is the Texas __ Code.
__ fees is the source of the funds that support the Texas Real Estate Commission.
TREC commissioners are appointed by the __.
Verticales
The Real Estate License Act is a valid exercise of __ power.
Commissions are fully __.
A law enacted by the legislature is __ law.
A main purpose of __ is to establish duties of license holders in dealing with the public.
A __ broker assumes responsibility for the real estate brokerage activities of a sales agent.
Loyalty is limited in a/an __ transaction.
A license holder who represents the client through a cooperative agreement with the client's broker is a __.
The __ is sometimes called the principal.
__ emptor -"let the buyer beware".
A __ and signed listing agreement is evidence that a license holder has disclosed her agency relationship to a party she represents.
A __ handles money or property for the client.
A license holder involved in an undisclosed __ agency relationship may lose his license.