TEXAS REAL ESTATE EXAM STATE PORTION-
STANDARD CONDUCT STUDY GUIDE WITH COMPLETE
SOLUTION!!
An unimproved lot is located in the service area of a water supply corporation. The
seller is subject to the notice requirements relating to a service provider. What is
the buyer's statutory remedy if the seller fails to give the written notice
REQUIRED by law?
answers: Terminate the purchase contract with the seller
To be eligible for a real estate license, an individual MUST
answers: satisfy the Commission as to the individual's integrity.
Who can pay money to a licensed salesperson to perform sales activities for a
house a broker has listed for sale?
answers: The salesperson's sponsoring broker and no one else
According to The Real Estate License Act of Texas, what action is a fair and
impartial act for an intermediary?
answers: Appointing associated licensees to work with the parties.
As a marketing promotion, a real estate salesperson offers property for sale by
lottery. This practice is
answers: grounds for suspension or revocation of license.
, When the association of a salesperson with the sponsoring broker is terminated, the
broker MUST
answers: immediately return the salesperson's license to the Commission.
When negotiating contracts binding the sale or lease of property, a real estate
license MUST use an appropriate Texas Real Estate Commission-promulgated
form unless another contract form has been prepared and is required by the
answers: owner of the property.
An individual is exempt from real estate licensure in Texas when performing
which one of the following activities?
answers: Offering an employer's property for rent.
Absent an agreement, spouse's rental income from separate property is
answers: community property
Who is responsible to the Texas Real Estate Commission, the public, and the
clients for the acts of a salesperson?
answers: Salesperson's sponsoring broker.
A buyer contracts to purchase a previously occupied single-family residence. The
buyer did NOT receive a copy of the Seller's Disclosure Notice before signing the
contract. According to the Texas Property Code, the buyer has the right to
answers: terminate the contract within 7 days after receiving notice.
STANDARD CONDUCT STUDY GUIDE WITH COMPLETE
SOLUTION!!
An unimproved lot is located in the service area of a water supply corporation. The
seller is subject to the notice requirements relating to a service provider. What is
the buyer's statutory remedy if the seller fails to give the written notice
REQUIRED by law?
answers: Terminate the purchase contract with the seller
To be eligible for a real estate license, an individual MUST
answers: satisfy the Commission as to the individual's integrity.
Who can pay money to a licensed salesperson to perform sales activities for a
house a broker has listed for sale?
answers: The salesperson's sponsoring broker and no one else
According to The Real Estate License Act of Texas, what action is a fair and
impartial act for an intermediary?
answers: Appointing associated licensees to work with the parties.
As a marketing promotion, a real estate salesperson offers property for sale by
lottery. This practice is
answers: grounds for suspension or revocation of license.
, When the association of a salesperson with the sponsoring broker is terminated, the
broker MUST
answers: immediately return the salesperson's license to the Commission.
When negotiating contracts binding the sale or lease of property, a real estate
license MUST use an appropriate Texas Real Estate Commission-promulgated
form unless another contract form has been prepared and is required by the
answers: owner of the property.
An individual is exempt from real estate licensure in Texas when performing
which one of the following activities?
answers: Offering an employer's property for rent.
Absent an agreement, spouse's rental income from separate property is
answers: community property
Who is responsible to the Texas Real Estate Commission, the public, and the
clients for the acts of a salesperson?
answers: Salesperson's sponsoring broker.
A buyer contracts to purchase a previously occupied single-family residence. The
buyer did NOT receive a copy of the Seller's Disclosure Notice before signing the
contract. According to the Texas Property Code, the buyer has the right to
answers: terminate the contract within 7 days after receiving notice.
