Texas State Exam Questions
A broker from Florida refers a buyer to a Texas dealer. The Texas dealer works with the
client who unearths a assets to buy, The buyer then asks the Florida licensee to symbolize
his hobby to the Texas broking. The Florida dealer critiques all phrases and conditions set
forth within the client's provide. The Texas broking presents the offer. It is generic. The
transaction closes and the Texas dealer earns a fee. Any he pay the Florida dealer a
commission? - ANS-Yes
A Texas dealer will pay an out of state broking a commission so long as the alternative
dealer does now not negotiate in Texas. Preparing a proposal and giving recommendation
aren't considered acts of negotiation. A referral present of up to $50 in price, not cash, is
given to an unlicensed person who gives a referral.
A broking has a verbal list agreement with a supplier. The seller has agreed to sign a written
listing settlement but has now not finished so but. What is real? - ANS-The agents' popularity
presently is that of a volunteer
Written permission is required to area a sign up the belongings. A verbal real property
agreement is not enforceable in opposition to the client. A promise to sign isn't always a
signature. The settlement need to be signed to be enforceable.
A dealer sponsors one partner license holder. He has a list and a customer consumer who
desires to purchase that listing. What is proper? - ANS-the dealer can act as intermediary
with written consent from both events
A broker sponsors best one companion license holder. He has a listing and a buyer
consumer who desires to purchase that list. What is true?
A. The broker can not do Intermediary and need to send the consumer to another company
for representation
B. He can not do middleman but can do dual employer
C. He can do middleman with out appointments
D. He can represent the vendor and his partner can be appointed to represent the customer
- ANS-He can do intermediary without appointments
A dealer who works on my own or who simplest sponsors 1 accomplice can do Intermediary
without appointments. Since the broker can in no way be one of the appointees, the dealer
wishes as a minimum 2 associates below his sponsorship that allows you to do Intermediary
with appointments.
Next Question
A contract has been terminated. The consumer has submitted a written demand for the
earnest cash. The identify corporation has supplied a copy of the demand to the vendor.
, What need to the identify company do next? - ANS-The name business enterprise ought to
watch for a response from the seller with must be received within 15 days, or the identify
enterprise will release the funds to the client, minus prices, and be help harmless
A landlord of residential belongings should offer all the following EXCEPT:
A. Providing keyless deadbolt locks for every unit
B. Rekeying a unit with seven days of a brand new tenant occuping the unit
C. Installing a burglar alarm system or other defensive apparatus in a unit in a documented
excessive-crime place whilst the occupant requests the protection.
D. Ensuring that the smoke detectors are practical whilst the unit is rented - ANS-Installing a
burglar alarm system or different defensive apparatus in a unit in a documented high-crime
location when the occupant requests the safety.
Landlords must rekey units within seven days of a brand new tenant taking occupancy, make
sure that smoke detectors are functioning whilst the unit is rented, and supplying keyless
deadbolts, however an alarm device isn't required.
A license holder inside the nation of Texas can: - ANS-prepare a settlement addendum for a
customer consistent with their commands
A license holder within the kingdom of Texas cannot: - ANS-prepare a contract for a client,
prepare a will for a customer, prepare a rent purchase agreement for a client
A license holder in violation of the TRELA has received a summons from the Texas Real
Estate Commission that a listening to might be held concerning the possible revocation or
suspension of his license. The license holder fails to reply to the summons. What will the
Texas Real Estate Commission do? - ANS-Schedule a hearing at the Texas Real Estate
Commission office in Austin
They may even input a default order towards the licensee
A licensed actual estate salesclerk is operating at a small brokerage in San Antonio. Which
of the subsequent features can she NOT perform with out an corporation settlement -
ANS-maintaining monies for disbursement in escrow till last
To shield the patron's pastimes, a broking ought to have a signed business enterprise
agreement stipulating the manner of disbursement of price range before they can accept
escrow monies. However, a broking can assist customers in finding a belongings, preparing
a contract or lease, or acquiring financing without executing a illustration agreement.
A licensee has been effectively sued with the aid of a past patron in connection with a
unmarried transaction. The client has prevailed and been awarded a judgment of $seventy
five,000.00. The licensee has declared bankruptcy and is not able to pay the judgment. The
consumer has applied to the Texas Real Estate Commission for payment out of the
Recovery Trust Account. The Texas Real Estate Commission has agreed to the fee. How
plenty will the patron obtain? - ANS-$50,000
A broker from Florida refers a buyer to a Texas dealer. The Texas dealer works with the
client who unearths a assets to buy, The buyer then asks the Florida licensee to symbolize
his hobby to the Texas broking. The Florida dealer critiques all phrases and conditions set
forth within the client's provide. The Texas broking presents the offer. It is generic. The
transaction closes and the Texas dealer earns a fee. Any he pay the Florida dealer a
commission? - ANS-Yes
A Texas dealer will pay an out of state broking a commission so long as the alternative
dealer does now not negotiate in Texas. Preparing a proposal and giving recommendation
aren't considered acts of negotiation. A referral present of up to $50 in price, not cash, is
given to an unlicensed person who gives a referral.
A broking has a verbal list agreement with a supplier. The seller has agreed to sign a written
listing settlement but has now not finished so but. What is real? - ANS-The agents' popularity
presently is that of a volunteer
Written permission is required to area a sign up the belongings. A verbal real property
agreement is not enforceable in opposition to the client. A promise to sign isn't always a
signature. The settlement need to be signed to be enforceable.
A dealer sponsors one partner license holder. He has a list and a customer consumer who
desires to purchase that listing. What is proper? - ANS-the dealer can act as intermediary
with written consent from both events
A broker sponsors best one companion license holder. He has a listing and a buyer
consumer who desires to purchase that list. What is true?
A. The broker can not do Intermediary and need to send the consumer to another company
for representation
B. He can not do middleman but can do dual employer
C. He can do middleman with out appointments
D. He can represent the vendor and his partner can be appointed to represent the customer
- ANS-He can do intermediary without appointments
A dealer who works on my own or who simplest sponsors 1 accomplice can do Intermediary
without appointments. Since the broker can in no way be one of the appointees, the dealer
wishes as a minimum 2 associates below his sponsorship that allows you to do Intermediary
with appointments.
Next Question
A contract has been terminated. The consumer has submitted a written demand for the
earnest cash. The identify corporation has supplied a copy of the demand to the vendor.
, What need to the identify company do next? - ANS-The name business enterprise ought to
watch for a response from the seller with must be received within 15 days, or the identify
enterprise will release the funds to the client, minus prices, and be help harmless
A landlord of residential belongings should offer all the following EXCEPT:
A. Providing keyless deadbolt locks for every unit
B. Rekeying a unit with seven days of a brand new tenant occuping the unit
C. Installing a burglar alarm system or other defensive apparatus in a unit in a documented
excessive-crime place whilst the occupant requests the protection.
D. Ensuring that the smoke detectors are practical whilst the unit is rented - ANS-Installing a
burglar alarm system or different defensive apparatus in a unit in a documented high-crime
location when the occupant requests the safety.
Landlords must rekey units within seven days of a brand new tenant taking occupancy, make
sure that smoke detectors are functioning whilst the unit is rented, and supplying keyless
deadbolts, however an alarm device isn't required.
A license holder inside the nation of Texas can: - ANS-prepare a settlement addendum for a
customer consistent with their commands
A license holder within the kingdom of Texas cannot: - ANS-prepare a contract for a client,
prepare a will for a customer, prepare a rent purchase agreement for a client
A license holder in violation of the TRELA has received a summons from the Texas Real
Estate Commission that a listening to might be held concerning the possible revocation or
suspension of his license. The license holder fails to reply to the summons. What will the
Texas Real Estate Commission do? - ANS-Schedule a hearing at the Texas Real Estate
Commission office in Austin
They may even input a default order towards the licensee
A licensed actual estate salesclerk is operating at a small brokerage in San Antonio. Which
of the subsequent features can she NOT perform with out an corporation settlement -
ANS-maintaining monies for disbursement in escrow till last
To shield the patron's pastimes, a broking ought to have a signed business enterprise
agreement stipulating the manner of disbursement of price range before they can accept
escrow monies. However, a broking can assist customers in finding a belongings, preparing
a contract or lease, or acquiring financing without executing a illustration agreement.
A licensee has been effectively sued with the aid of a past patron in connection with a
unmarried transaction. The client has prevailed and been awarded a judgment of $seventy
five,000.00. The licensee has declared bankruptcy and is not able to pay the judgment. The
consumer has applied to the Texas Real Estate Commission for payment out of the
Recovery Trust Account. The Texas Real Estate Commission has agreed to the fee. How
plenty will the patron obtain? - ANS-$50,000
