TEXAS PRINCIPLES OF REAL ESTATE 1 EXAM
STUDY GUIDE 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ The __________ is a statute that is administered and enforced by the
Texas Real Estate Commission (TREC), which is a state agency.
Answer: Real Estate License Act
◉ A successful career in real estate requires someone to. Answer: be a
self-started.
◉ A peak is characterized as the __________ turning point of a business
cycle. Answer: upper
◉ To be eligible to get a Texas real estate sales agent or broker license, a
person must. Answer: All of the choices apply
◉ Which of the following is not a duty of TREC? Answer: Creates state
laws, statues, and rules
◉ What are changes in business and economic activity that occur within
the year? Answer: Short-term fluctuations.
, ◉ The majority of new licensees begin their careers with a __________
to help homeowners sell and homebuyers purchase homes. Answer:
residential brokerage
◉ Which of the following statements is true regarding NAR and TAR?
Answer: All of the choices apply.
◉ Any person who wants to engage in the real estate business and act as
a real estate broker or real estate sales agent within the state of Texas
must obtain a license from the. Answer: Texas Real Estate Commission.
◉ The Education Standards Advisory Committee is responsible for
reviewing and revising. Answer: All of the choices apply.
◉ A(n) __________ is a rule issued by an administrative agency to
enforce or amplify a statute. Answer: regulation
◉ A __________ is a voluntary nonprofit organization of independent
and competing business units engaged in the same industry or trade,
formed to help solve industry problems, promote progress, and enhance
service. Answer: trade association
STUDY GUIDE 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ The __________ is a statute that is administered and enforced by the
Texas Real Estate Commission (TREC), which is a state agency.
Answer: Real Estate License Act
◉ A successful career in real estate requires someone to. Answer: be a
self-started.
◉ A peak is characterized as the __________ turning point of a business
cycle. Answer: upper
◉ To be eligible to get a Texas real estate sales agent or broker license, a
person must. Answer: All of the choices apply
◉ Which of the following is not a duty of TREC? Answer: Creates state
laws, statues, and rules
◉ What are changes in business and economic activity that occur within
the year? Answer: Short-term fluctuations.
, ◉ The majority of new licensees begin their careers with a __________
to help homeowners sell and homebuyers purchase homes. Answer:
residential brokerage
◉ Which of the following statements is true regarding NAR and TAR?
Answer: All of the choices apply.
◉ Any person who wants to engage in the real estate business and act as
a real estate broker or real estate sales agent within the state of Texas
must obtain a license from the. Answer: Texas Real Estate Commission.
◉ The Education Standards Advisory Committee is responsible for
reviewing and revising. Answer: All of the choices apply.
◉ A(n) __________ is a rule issued by an administrative agency to
enforce or amplify a statute. Answer: regulation
◉ A __________ is a voluntary nonprofit organization of independent
and competing business units engaged in the same industry or trade,
formed to help solve industry problems, promote progress, and enhance
service. Answer: trade association
