Real Estate Broker State Exam 1 with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
For what one cause of license revocation does TRELA specify a payment prior to relicensing?
✔Correct Answer-Payment out of the Recovery Trust Account
An unlicensed assistant is showing property for her broker. Which of the following penalties
would apply and to whom? ✔Correct Answer-Both the broker and the unlicensed assistant
would be subject to fines by TREC
A licensee has been successfully sued by a past client in connection with a single transaction.
The client has prevailed and been awarded a judgment for $75,000.00. The licensee has
declared bankruptcy and is unable to pay the judgment. The client has applied to TREC for
payment out of the Recovery Trust Account. TREC has agreed to the payment. How much will
the client receive: ✔Correct Answer-$50,000.00
All of the following must be licensed as brokers EXCEPT: ✔Correct Answer-An investor-owner
collecting or accepting rent from single family residential properties
A licensee subject to MCE has completed an on-time renewal and payment of license fee, but
has not satisfied the MCE requirement. All of the following are true EXCEPT: ✔Correct
Answer-After 60 days the licensee can remain active by paying another $250 fine
If a broker wants to have a branch office, the branch office must have: ✔Correct Answer-A
branch office license
What is true about TREC Consumer Information form 1-1? ✔Correct Answer-It must be
displayed in the broker's office
A broker has contacted a seller about listing the seller's property. The listing presentation went
well and the seller has agreed to list with the broker. The listing agreement has not been signed
but the broker has an appointment with the sellers for this evening to finalize the agreement
and for all parties to sign. The broker would like to place his sign on the property today. What is
true? ✔Correct Answer-The broker must wait for the written permission to place the sign
Can a broker rebate a portion of the commission to a customer at closing? ✔Correct Answer-
Yes, with the permission and agreement of the client
Texas broker has received a referral of a buyer from a broker in Mississippi. The buyer has
worked with the Texas broker and found a property to buy. The buyer has asked the Texas
broker to supply him with a TREC contract form. The broker has provided the form to the buyer.
The buyer has taken the form to his friend, the Mississippi broker, who has helped the buyer to
Verified Answers |Latest Version |Already Graded A+
For what one cause of license revocation does TRELA specify a payment prior to relicensing?
✔Correct Answer-Payment out of the Recovery Trust Account
An unlicensed assistant is showing property for her broker. Which of the following penalties
would apply and to whom? ✔Correct Answer-Both the broker and the unlicensed assistant
would be subject to fines by TREC
A licensee has been successfully sued by a past client in connection with a single transaction.
The client has prevailed and been awarded a judgment for $75,000.00. The licensee has
declared bankruptcy and is unable to pay the judgment. The client has applied to TREC for
payment out of the Recovery Trust Account. TREC has agreed to the payment. How much will
the client receive: ✔Correct Answer-$50,000.00
All of the following must be licensed as brokers EXCEPT: ✔Correct Answer-An investor-owner
collecting or accepting rent from single family residential properties
A licensee subject to MCE has completed an on-time renewal and payment of license fee, but
has not satisfied the MCE requirement. All of the following are true EXCEPT: ✔Correct
Answer-After 60 days the licensee can remain active by paying another $250 fine
If a broker wants to have a branch office, the branch office must have: ✔Correct Answer-A
branch office license
What is true about TREC Consumer Information form 1-1? ✔Correct Answer-It must be
displayed in the broker's office
A broker has contacted a seller about listing the seller's property. The listing presentation went
well and the seller has agreed to list with the broker. The listing agreement has not been signed
but the broker has an appointment with the sellers for this evening to finalize the agreement
and for all parties to sign. The broker would like to place his sign on the property today. What is
true? ✔Correct Answer-The broker must wait for the written permission to place the sign
Can a broker rebate a portion of the commission to a customer at closing? ✔Correct Answer-
Yes, with the permission and agreement of the client
Texas broker has received a referral of a buyer from a broker in Mississippi. The buyer has
worked with the Texas broker and found a property to buy. The buyer has asked the Texas
broker to supply him with a TREC contract form. The broker has provided the form to the buyer.
The buyer has taken the form to his friend, the Mississippi broker, who has helped the buyer to
