Exam Pack
Texas Real Estate Exam
State portion
Complete Chapters Solutions Manual
are Included
** Final Exam Questions With 100%
Correct Answers | Grade A+
** Guaranteed Pass
** Updated | New Version
, Additional penalties for brokerage without a license Civil penalties of up to three times the amount of money received
The Real Estate Recovery Account was created to pay aggrieved persons who suffered monetary losses due to unscrupulous acts
of license holders.
If Real Estate Recovery Trust Account is below $1 Brokers and licensees pay a pro rata share of $10 upon license renewal
million
If Real Estate Recovery Trust Account is above $3.5 the excess goes into the State's General Fund
million,
When an amount if paid out of the Real Estate Recovery the license of the person can be suspended or revoked. It may never be
Trust Account on behalf of a license holder, recovered until the account is paid back with interest.
Maximum amount payable by the Real Estate Recovery is $100,000 per license holder and $50,000 per transaction.
Trust Account
Does TREC resolve disputes between license holders? No
YES License attorneys receiving a commission
YES License Auctioneers involved in any part of a transaction, other than calling
YES License apartment locators
Yes License real estate agents
Yes License Business entities who receives commissions on behalf of license holders
Yes License Designated broker, officer, or manager of a Real Estate Limited Liability
Company
Yes License a third party who collects rents from a single family residence (property
manager)
Texas Real Estate Exam
State portion
Complete Chapters Solutions Manual
are Included
** Final Exam Questions With 100%
Correct Answers | Grade A+
** Guaranteed Pass
** Updated | New Version
, Additional penalties for brokerage without a license Civil penalties of up to three times the amount of money received
The Real Estate Recovery Account was created to pay aggrieved persons who suffered monetary losses due to unscrupulous acts
of license holders.
If Real Estate Recovery Trust Account is below $1 Brokers and licensees pay a pro rata share of $10 upon license renewal
million
If Real Estate Recovery Trust Account is above $3.5 the excess goes into the State's General Fund
million,
When an amount if paid out of the Real Estate Recovery the license of the person can be suspended or revoked. It may never be
Trust Account on behalf of a license holder, recovered until the account is paid back with interest.
Maximum amount payable by the Real Estate Recovery is $100,000 per license holder and $50,000 per transaction.
Trust Account
Does TREC resolve disputes between license holders? No
YES License attorneys receiving a commission
YES License Auctioneers involved in any part of a transaction, other than calling
YES License apartment locators
Yes License real estate agents
Yes License Business entities who receives commissions on behalf of license holders
Yes License Designated broker, officer, or manager of a Real Estate Limited Liability
Company
Yes License a third party who collects rents from a single family residence (property
manager)
