Aceable Agent - Level 9: Texas Real Estate
License Act Questions With Solutions 100%
Correct
Nolo Contendere A plea in a criminal court in which the defendant accepts the
punishment without admitting guilt
Commingling An illegal act of mixing personal funds with a client's funds
Promulgated Contracts Contracts prepared and authorized by the Texas Real Estate
Commission that must be used by real estate license holders. There are a few exceptions to this
rule.
Texas Real Estate Broker-Lawyer Committee A committee that creates and corrects
contract forms to be used by Texas real estate license holders
Errors and omissions insurance Insurance that protects against mistakes a license holder
might make in real estate transactions; does not cover acts of fraud or other intentional
misconduct
License Act Questions With Solutions 100%
Correct
Nolo Contendere A plea in a criminal court in which the defendant accepts the
punishment without admitting guilt
Commingling An illegal act of mixing personal funds with a client's funds
Promulgated Contracts Contracts prepared and authorized by the Texas Real Estate
Commission that must be used by real estate license holders. There are a few exceptions to this
rule.
Texas Real Estate Broker-Lawyer Committee A committee that creates and corrects
contract forms to be used by Texas real estate license holders
Errors and omissions insurance Insurance that protects against mistakes a license holder
might make in real estate transactions; does not cover acts of fraud or other intentional
misconduct
