TX LCPAA EXAMINATION SET 2026
SOLVED QUESTIONS GRADED A+
● Broker Lawyer Committee. Answer: -writes promulgated contract
forms
-13 members (6 are brokers appointed by TREC, 6 are lawyers
appointed by the President of the State Bar Association, 1 is a public
member appointed by the governor)
● Real Estate Recovery Fund. Answer: created by TREC to pay
aggrieved persons who suffered a monetary loss due to unscrupulous
acts of the licensees
-persons can receive up to 3 times the amount of money lost
-when an amount is paid out of it, the license of the individual is
automatically revoked or suspended without a hearing (cannot be
recovered until the fund has been repaid with interest)
● persons who must have a real estate license. Answer: 1.attorneys who
participate in a commission split
2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
, 5.the designated officer of a licensed real estate corporation or the
designated manager of a licensed Real Estate Limited Liability
Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND RECEIVE
COMMISSIONS ONLY FROM THAT BROKER
● steps in obtaining a real estate license. Answer: 1. meet the
educational requirements
2. submit an application with or without a sponsoring broker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
● licensing requirements. Answer: -18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
● educational requirements. Answer: 180 classroom hours with a
minimum of 120 in core real estate courses
-60 hours in Principles of Real Estate, 30 hours in Law of Contracts, 30
hours in the Law of Agency are mandatory
SOLVED QUESTIONS GRADED A+
● Broker Lawyer Committee. Answer: -writes promulgated contract
forms
-13 members (6 are brokers appointed by TREC, 6 are lawyers
appointed by the President of the State Bar Association, 1 is a public
member appointed by the governor)
● Real Estate Recovery Fund. Answer: created by TREC to pay
aggrieved persons who suffered a monetary loss due to unscrupulous
acts of the licensees
-persons can receive up to 3 times the amount of money lost
-when an amount is paid out of it, the license of the individual is
automatically revoked or suspended without a hearing (cannot be
recovered until the fund has been repaid with interest)
● persons who must have a real estate license. Answer: 1.attorneys who
participate in a commission split
2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
, 5.the designated officer of a licensed real estate corporation or the
designated manager of a licensed Real Estate Limited Liability
Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND RECEIVE
COMMISSIONS ONLY FROM THAT BROKER
● steps in obtaining a real estate license. Answer: 1. meet the
educational requirements
2. submit an application with or without a sponsoring broker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
● licensing requirements. Answer: -18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
● educational requirements. Answer: 180 classroom hours with a
minimum of 120 in core real estate courses
-60 hours in Principles of Real Estate, 30 hours in Law of Contracts, 30
hours in the Law of Agency are mandatory
