TX Legal Update II (2024-2025) Final Exam. Questions & Correct Answers. Graded A+, Exams of Sociology of Work and Employment

Download TX Legal Update II (2024-2025) Final Exam. Questions & Correct Answers. Graded A+ and more Exams Sociology of Work and Employment in PDF only on Docsity! TX Legal Update II (2024-2025) Final Exam. Questions & Correct Answers. Graded A+ "The employment of prudence and caution so as to avoid misrepresentation, in any way, by acts of commission or omission," is the definition of which Canon of Professional Ethics and Conduct? - ANSIntegrity All of the following are in the top five TREC complaint categories EXCEPT ______. - ANSAppraisal Issues All of the following statements are true about a VA loans EXCEPT: - ANSOnly a veteran can assume a VA loan. Can a license holder's past complaint and disciplinary record be taken into consideration in future complaints? - ANSYes, in all cases For the purposes of posting the Consumer Protection Notice, what is considered a business website? - ANSA website that is accessible to the public where the content is controlled by the license holder How long does a license holder have to inform TREC of being found guilty of or pleading guilty or nolo contendere of a felony? - ANS30 days Participating in conversations about commission rates between license holders from different brokerages could be considered ______. - ANSA violation of antitrust laws Sales agent Laura is one of your best friends AND a licensed agent in your office. She was arrested for felony DWI three months ago in another part of Texas and has just been convicted. She calls you and asks what she needs to do about her license. What should you tell her? - ANSAdvise her to contact TREC immediately and inform it of the situation. Sections of the IABS include all of the following EXCEPT ______. - ANSTREC's contact information and notice of the TREC Real Estate Recovery Trust Account What do the VA Loan Program and the Texas Veterans Land Board Lending Program have in common? - ANSPrimary residency requirements What is the RAP BACK program? - ANSThe FBI service that TREC uses to monitor license holders' criminal activity What type of agency can be created by someone's actions? - ANSImplied agency What type of loan(s) are used in the Texas Veterans Land Board loan program? - ANSVA, FHA, or