TEXAS REAL ESTATE EXAM (STATE) NEWEST ACTUAL EXAM
QUESTIONS BANK / COMPLETE ACCURATE QUIZZES WITH
DETAILED, VERIFIED ANSWERS / 2025
Terms in this set (32)
Texas Real Estate -created in 1949
Commission (TREC) -purpose: to administer the provisions of the License
Act
-authority to make rules and regulations
-9 members (3 represent the general public, 6 are real estate
brokers)
-all appointed by the governor and approved by the
Senate
-serve 6 year terms
-has the power to subpoena books, records, and witnesses
-has the power to issue or revoke Real Estate Licenses
-writes promulgated contract forms
-13 members (6 are brokers appointed by TREC, 6 are lawyers
Broker Lawyer Committee
appointed by the President of the State Bar Association, 1 is a
public member appointed by the governor)
, Real Estate Recovery Fund created by TREC to pay aggrieved persons who suffered a
monetary loss due to unscrupulous acts of the licensees
-persons can receive up to 3 times the amount of money lost
-when an amount is paid out of it, the license of the
individual is automatically revoked or suspended without a
hearing (cannot be recovered until the fund has been
repaid with interest)
persons who must have a 1.attorneys who participate in a commission split
real estate license 2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
5.the designated officer of a licensed real estate corporation or
the designated manager of a licensed Real Estate Limited
Liability Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND
RECEIVE COMMISSIONS ONLY FROM THAT BROKER
steps in obtaining a real 1. meet the educational requirements
estate license 2. submit an application with or without a sponsoringbroker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
licensing requirements -18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
QUESTIONS BANK / COMPLETE ACCURATE QUIZZES WITH
DETAILED, VERIFIED ANSWERS / 2025
Terms in this set (32)
Texas Real Estate -created in 1949
Commission (TREC) -purpose: to administer the provisions of the License
Act
-authority to make rules and regulations
-9 members (3 represent the general public, 6 are real estate
brokers)
-all appointed by the governor and approved by the
Senate
-serve 6 year terms
-has the power to subpoena books, records, and witnesses
-has the power to issue or revoke Real Estate Licenses
-writes promulgated contract forms
-13 members (6 are brokers appointed by TREC, 6 are lawyers
Broker Lawyer Committee
appointed by the President of the State Bar Association, 1 is a
public member appointed by the governor)
, Real Estate Recovery Fund created by TREC to pay aggrieved persons who suffered a
monetary loss due to unscrupulous acts of the licensees
-persons can receive up to 3 times the amount of money lost
-when an amount is paid out of it, the license of the
individual is automatically revoked or suspended without a
hearing (cannot be recovered until the fund has been
repaid with interest)
persons who must have a 1.attorneys who participate in a commission split
real estate license 2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
5.the designated officer of a licensed real estate corporation or
the designated manager of a licensed Real Estate Limited
Liability Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND
RECEIVE COMMISSIONS ONLY FROM THAT BROKER
steps in obtaining a real 1. meet the educational requirements
estate license 2. submit an application with or without a sponsoringbroker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
licensing requirements -18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
