When terminating the sponsorship of a salesperson, the broker must
A) do nothing as the salesperson is responsible for notifying the Real Estate Commission of the change.
B) return the salesperson's license, along with a letter of termination, to the Real Estate Commission.
C) notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission.
D) give the salesperson an official letter of termination that the salesperson can send to the Real Estate Commission.
Answer: C) notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission.
The broker is responsible for notifying the Texas Real Estate Commission immediately of the termination of the relationship by returning the salesperson's license (or a copy) to the Commission after notifying the salesperson in writing of the termination.
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Often a party to a contract wants to avoid his obligations by arguing that the contract was entered into because of a mistake, misrepresentation, undue influence, or duress. Which of the following is false with regard to these areas of the law?
A) A buyer could not be awarded the equitable remedy of rescission if the seller honestly believed that his misrepresentation, which persuaded the buyer to buy, was true. B) If a seller persuades a person to buy something by a fraudulent misrepresentation, the buyer could ask for rescission and/or damages for the tort of deceit. C) A person can successfully argue non est factum and avoid his obligations under a contract only if he was misled about the very nature of the document and was not careless. D) Independent legal advice given to a person who wants to give a gift to a dominant person (e.g., his doctor) is good evidence to rebut a presumption of undue influence. E) Where, because of a mistake, a written document does not embody the unchanged term of the original oral agreement, a party to the contract could ask the court for the equitable remedy of rectification.
Economic socialism won the battle over communist totalitarianism and capitalism
Indicate whether the statement is true or false