Practice Quiz

Texas Real Estate Exam

Category - Texas

Start a Study Session Sign up for Question of the Day
A broker secures a listing, negotiates a sale, and the parties enter escrow. Before escrow closes, the broker’s license is revoked and the seller refuses to pay the commission because the broker is unlicensed. To collect the commission, the following is correct:
  1. Broker must prove he actually introduced the buyer to the seller
  2. Broker must prove that he was licensed at the time of sale
  3. Broker must prove that he executed the sales contract
  4. Broker cannot sue for a commission in view of license revocation
Explanation
Answer: B. A broker who negotiates a sale while his license is in good standing has earned a commission and may collect it by proving that he was duly licensed at the time the sale was made, even though he was subsequently deprived of this license.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz