QUESTION 2 The real estate licensee is required to use a promulgated form where one is available, EXCEPT in which of the following instances? 0 transactions in which the license holder is functioning solely as a principal, not as an agent 0 transactions in which the licensee is functioning solely as an agent and not as a principal O transactions in which an agency of the Texas government requires a different form to be used 0 transactions in which a contract form has been prepared by the real estate broker QUESTION 5 11. What type of information is typically included in Paragraph 11 of the real estate sales contract, which is entitled "Special Provisions"? 0 factual statements and business details desired by the broker 0 factual statements and business details desired by the principal, regardless of whether TREC has a mandatory contract addendum for use in the situation 0 C. factual statements and business details desired by the salesperson O factual statements and business details desired by the principal, for which TREC does not have a mandatory contract addendum Francine, a real estate licensee, tells a prospective purchaser that the plumbing in the Orangeacre has just been replaced, when in fact, Francine knows that the plumbing has constantly been causing the seller problems with constant back-ups. If the buyer purchases Orangeacre, is the licensee potentially liable for damages the purchaser sustains due to this misstatement of fact? And if the licensee were liable for damages, would the licensee potentially lose her license due to this misrepresentation. or at the least receive a suspension? 0 yes; yes 0 yes; no 0 no; yes 0 no; no