Texas Real Estate Exam and Math Questions with all
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
Which of the following is allowable in the course of business and does not constitute grounds
for license suspension or revocation? ✔Correct Answer-Depositing earnest money into a
firm's escrow account is acceptable practice. Placing a "For Sale" sign without permission of the
owner, authorizing an unlicensed party to perform acts requiring licensure, and administering a
lottery are grounds for license suspension or revocation.
Illegal Actions ✔Correct Answer-Discrimination, receipt of undisclosed commissions, and
failure to disclose information about latent structural defects
Is it legal for a broker to assist a buyer in obtaining a loan by giving the prospective lender an
inflated value for sales price on a property? ✔Correct Answer-It is unlawful for brokers to be
parties to dual contracts, and such an action would put a broker in jeopardy of losing his or her
license or being fined by the commission.
What information must a real estate salesperson include in any advertisement that specifies a
specialty in residential property? ✔Correct Answer-The sponsoring broker's name must be
included because all advertising is done in the broker's name.
The URLTA legislation states that if a lease does not have a clear expiration date, the lease is
✔Correct Answer-a tenancy from period-to-period.
A real estate salesperson wishes to sell her zero-lot home without using a broker. What
professional disclosure does the law require in this case? ✔Correct Answer-It would be
sufficient for her to list her status as "owner-agent" when offering her home for sale.
What information, if any, is required to be included in a website advertising a broker's firm?
✔Correct Answer-In web site advertising, the broker must list the name of the company or
broker on each individual screen of the site.
Which of the following situations could be considered illegal in Texas and put a licensee's license
in jeopardy of suspension or revocation? ✔Correct Answer-An agent signs a listing agreement
that allows the listing to continue indefinitely
Which of the following actions is a broker or licensed salesperson required to perform after
signing a listing agreement? ✔Correct Answer-Upon obtaining a listing, the broker or licensee
must provide the seller signing the listing with a legible, signed, true, and correct copy of the
agreement.
, To which agency may a person bring a complaint of illegal discrimination? ✔Correct Answer-A
person with a claim of illegal discrimination may take their case to HUD, or the Texas
Commission on Human Rights, or may choose to file suit in federal court.
What is the time limit on filing a fair housing complaint with the Texas Commission on Human
Rights? ✔Correct Answer-1 year
From what source may a Texas real estate salesperson legally collect compensation? ✔Correct
Answer-From the salesperson's sponsoring broker
Termination of Sponsorship ✔Correct Answer-When a sponsoring broker decides to terminate
his sponsorship of a salesperson, he must immediately return their license to the Texas Real
Estate Commission and notify the agent in writing of the termination.
What is the responsibility of an agent or broker, if any, to a seller who had previously listed with
the agent, but who has currently listed with a different brokerage? ✔Correct Answer-The
broker can show the seller's property to current clients but cannot share any confidential
information previously obtained from the client.
For a buyer's representation agreement to be valid and enforceable in Texas it must be
✔Correct Answer-in writing and have a termination date not subject to prior notice; as such, it
is considered an employment contract.
The only requirement of an exclusive-right-to-sell listing agreement ✔Correct Answer-is that it
must specify a definite termination date not subject to prior notice by either party.
When should a salesperson or broker present the "Seller's Disclosure of Property Condition" to
a buyer? ✔Correct Answer-Prior to preparing a written offer for a buyer
When is it mandatory for the seller to provide a copy of the "Seller's Disclosure of Property
Condition"? ✔Correct Answer-When the buyer has occupied the dwelling as a tenant.
What is required of a seller's agent who shows a property to a prospective buyer? ✔Correct
Answer-When a salesperson who is working for a seller agrees to show a property to a
prospective buyer, the salesperson must inform the buyer that the buyer's interests will not be
represented.
Which of the following must be disclosed to a prospective buyer ✔Correct Answer-Although
violent deaths may be disclosed with the express permission of the owner, the only requirement
is for a broker or salesperson to disclose deaths related to the condition of the property.
Disclosure of an AIDS-related death is against fair housing laws.
Correct & 100% Verified Answers |Actual Complete
Update |Already Graded A+
Which of the following is allowable in the course of business and does not constitute grounds
for license suspension or revocation? ✔Correct Answer-Depositing earnest money into a
firm's escrow account is acceptable practice. Placing a "For Sale" sign without permission of the
owner, authorizing an unlicensed party to perform acts requiring licensure, and administering a
lottery are grounds for license suspension or revocation.
Illegal Actions ✔Correct Answer-Discrimination, receipt of undisclosed commissions, and
failure to disclose information about latent structural defects
Is it legal for a broker to assist a buyer in obtaining a loan by giving the prospective lender an
inflated value for sales price on a property? ✔Correct Answer-It is unlawful for brokers to be
parties to dual contracts, and such an action would put a broker in jeopardy of losing his or her
license or being fined by the commission.
What information must a real estate salesperson include in any advertisement that specifies a
specialty in residential property? ✔Correct Answer-The sponsoring broker's name must be
included because all advertising is done in the broker's name.
The URLTA legislation states that if a lease does not have a clear expiration date, the lease is
✔Correct Answer-a tenancy from period-to-period.
A real estate salesperson wishes to sell her zero-lot home without using a broker. What
professional disclosure does the law require in this case? ✔Correct Answer-It would be
sufficient for her to list her status as "owner-agent" when offering her home for sale.
What information, if any, is required to be included in a website advertising a broker's firm?
✔Correct Answer-In web site advertising, the broker must list the name of the company or
broker on each individual screen of the site.
Which of the following situations could be considered illegal in Texas and put a licensee's license
in jeopardy of suspension or revocation? ✔Correct Answer-An agent signs a listing agreement
that allows the listing to continue indefinitely
Which of the following actions is a broker or licensed salesperson required to perform after
signing a listing agreement? ✔Correct Answer-Upon obtaining a listing, the broker or licensee
must provide the seller signing the listing with a legible, signed, true, and correct copy of the
agreement.
, To which agency may a person bring a complaint of illegal discrimination? ✔Correct Answer-A
person with a claim of illegal discrimination may take their case to HUD, or the Texas
Commission on Human Rights, or may choose to file suit in federal court.
What is the time limit on filing a fair housing complaint with the Texas Commission on Human
Rights? ✔Correct Answer-1 year
From what source may a Texas real estate salesperson legally collect compensation? ✔Correct
Answer-From the salesperson's sponsoring broker
Termination of Sponsorship ✔Correct Answer-When a sponsoring broker decides to terminate
his sponsorship of a salesperson, he must immediately return their license to the Texas Real
Estate Commission and notify the agent in writing of the termination.
What is the responsibility of an agent or broker, if any, to a seller who had previously listed with
the agent, but who has currently listed with a different brokerage? ✔Correct Answer-The
broker can show the seller's property to current clients but cannot share any confidential
information previously obtained from the client.
For a buyer's representation agreement to be valid and enforceable in Texas it must be
✔Correct Answer-in writing and have a termination date not subject to prior notice; as such, it
is considered an employment contract.
The only requirement of an exclusive-right-to-sell listing agreement ✔Correct Answer-is that it
must specify a definite termination date not subject to prior notice by either party.
When should a salesperson or broker present the "Seller's Disclosure of Property Condition" to
a buyer? ✔Correct Answer-Prior to preparing a written offer for a buyer
When is it mandatory for the seller to provide a copy of the "Seller's Disclosure of Property
Condition"? ✔Correct Answer-When the buyer has occupied the dwelling as a tenant.
What is required of a seller's agent who shows a property to a prospective buyer? ✔Correct
Answer-When a salesperson who is working for a seller agrees to show a property to a
prospective buyer, the salesperson must inform the buyer that the buyer's interests will not be
represented.
Which of the following must be disclosed to a prospective buyer ✔Correct Answer-Although
violent deaths may be disclosed with the express permission of the owner, the only requirement
is for a broker or salesperson to disclose deaths related to the condition of the property.
Disclosure of an AIDS-related death is against fair housing laws.
