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TEXAS STATE PORTION REAL ESTATE EXAM QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW 2025.pdf

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TEXAS STATE PORTION REAL ESTATE EXAM QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND NEW

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TEXAS STATE PORTION REAL ESTATE EXAM QUESTIONS
WITH COMPLETE SOLUTIONS GUARANTEED PASS BRAND
NEW 2025


Who is responsible for any wrongs done by a salesperson while acting
within the scope of the agency agreement? - ANSWER - >The broker is
liable for the wrongdoing of his or her salespersons. The principal is
liable for any wrongs committed by the broker while acting within the
scope of the agency agreement.

what is the distinction between sales contracts and option contracts? -
ANSWER - >One characteristic of sales contracts is mutual obligation.
Option contracts lack mutual obligation. The buyer in an option
contract is not obligated to buy.

A listing agreement must contain: - ANSWER - >a standard street
address is sufficient.

If the commission investigates a complaint and determines that an
individual's real estate license should be suspended or revoked, the
licensee is entitled to a hearing before the commission within how
many days after the commission reaches its decision? - ANSWER - >A
licensee who faces suspension or revocation of their license is entitled
to a hearing within 30 days of the commission reaching their decision.

Which of the licensed entities does not fall under the regulatory
authority of the Texas Real Estate Commission? - ANSWER - >The Texas
Appraiser Licensing and Certification Board has jurisdiction over state
licensed and certified appraisers. In addition to licensing brokers and
salespersons, the Texas Real Estate Commission is responsible for

,licensing real estate inspectors and for regulation of companies that sell
and issue residential service contracts ("home warranties"). (Article
65736, Vernon's Texas Civil Statutes.

A licensee in Texas may not practice law, unless licensed and authorized
to do so in Texas. Practicing law includes altering contracts, or drawing
up: - ANSWER - >a deed, deed of trust, will, or other written instrument
that may transfer or affect the title to land.

What penalties may a licensee who breaches the agency relationship
face? - ANSWER - >A licensee who breaches the agency relationship
may be sued for damages, termination of the contract, and/or non-
payment of the commission.

Undisclosed dual agency is: - ANSWER - >a violation of the TRELA.

What is the composition of the Broker-Lawyer Committee? - ANSWER -
>Six broker members are appointed by the Texas Real Estate
Commission; six attorney members are appointed by the President of
the State Bar of Texas. The appointees serve a term of six years with
one-third of them being appointed every two years.

A licensee must disclose any existing agency relationships to a new
client. This disclosure: - ANSWER - >may be done orally or in writing.

A broker may do which of the following for an individual without
actually representing the individual? - ANSWER - >A broker may obtain
financing, assist in locating a property, and prepare a contract or lease
for an individual without representing the individual.

A real estate licensee must notify the real estate program manager if: -
ANSWER - >A licensee must notify the real estate program manager
within 20 days of receiving any criminal complaint, information,

, indictment, or conviction in which the licensee is named as a
defendant; or entry of a civil court order, verdict, or judgment, against
the licensee in any court of competent jurisdiction in which the subject
matter therein involves any real estate or business-related activity by
the licensee.

Pamela, who lives in a suburb in which many homes are rented, decides
to open a rental agency in order to assist her friends in finding suitable
renters. Pamela's conduct is - ANSWER - >unacceptable because it
involves an activity for which a real estate license is required.

The sole broker of a brokerage firm has his or her real estate license
suspended for two years. What would happen to the licenses of the
salespersons affiliated with this broker? - ANSWER - >If the broker's
license is suspended or revoked, the salespersons' licenses are made
inactive and must be returned to the commission. A salesperson's
license may be made active when the salesperson is sponsored by a
new broker.

Which agency is responsible for the contract forms used by Texas
licensees? - ANSWER - >The Texas Real Estate Commission

A community property with rights of survivorship agreement must: -
ANSWER - >doesn't need to go through probate, must be signed by
both spouses, must include the property description, be in writing,
contain wording that makes evident the intent of survivorship, and be
recorded in the county courthouse.

Generally, the most important responsibility of an agent is to: -
ANSWER - >represent the financial interests of the client.

Broker Bea recently entered into a listing contract with Seller Sally.
Broker Bea just learned that Sally is actually 17 years old and not

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