PADI Open Water Final Exam
2025/2026
Exam Prep Material
with
Verified Questions and Answers
A+ Grades Guarantee
, The broker is liable for the wrongdoing of his or her salespersons. The
Who is responsible for any wrongs principal is liable for any wrongs committed by the broker while acting
done by a salesperson while acting within the scope of the agency agreement.
within the scope of the agency
agreement?
One characteristic of sales contracts is mutual obligation. Option
what is the distinction between sales contracts lack mutual obligation. The buyer in an option contract is not
contracts and option contracts? obligated to buy.
a standard street address is sufficient.
A listing agreement must contain:
A licensee who faces suspension or revocation of their license is entitled
to a hearing within 30 days of the commission reaching their decision.
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?
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
Which of the licensed entities does responsible for licensing real estate inspectors and for regulation of
not fall under the regulatory companies that sell and issue residential service contracts ("home
authority of the Texas Real Estate warranties"). (Article 65736, Vernon's Texas Civil Statutes.
Commission?
a deed, deed of trust, will, or other written instrument that may transfer or
A licensee in Texas may not practice affect the title to land.
law, unless licensed and authorized
to do so in Texas. Practicing law
includes altering contracts, or
drawing up:
A licensee who breaches the agency relationship may be sued for
What penalties may a licensee who damages, termination of the contract, and/or non-payment of the
breaches the agency relationship commission.
face?
Undisclosed dual agency is: a violation of the TRELA.
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
What is the composition of the being appointed every two years.
Broker-Lawyer Committee?
may be done orally or in writing.
A licensee must disclose any existing
agency relationships to a new client.
This disclosure:
, A broker may obtain financing, assist in locating a property, and prepare a
A broker may do which of the contract or lease for an individual without representing the individual.
following for an individual without
actually representing the individual?
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
A real estate licensee must notify the jurisdiction in which the subject matter therein involves any real estate or
real estate program manager if: business-related activity by the licensee.
unacceptable because it involves an activity for which a real estate license
is required.
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
If the broker's license is suspended or revoked, the salespersons' licenses
The sole broker of a brokerage firm are made inactive and must be returned to the commission. A
has his or her real estate license salesperson's license may be made active when the salesperson is
suspended for two years. What sponsored by a new broker.
would happen to the licenses of the
salespersons affiliated with this
broker?
The Texas Real Estate Commission
Which agency is responsible for the
contract forms used by Texas
licensees?
doesn't need to go through probate, must be signed by both spouses, must
include the property description, be in writing, contain wording that
A community property with rights of makes evident the intent of survivorship, and be recorded in the county
survivorship agreement must: courthouse.
Generally, the most important represent the financial interests of the client.
responsibility of an agent is to:
voidable at the option of the minor.
Broker Bea recently entered into a
listing contract with Seller Sally.
Broker Bea just learned that Sally is
actually 17 years old and not
married. The listing contract is:
2025/2026
Exam Prep Material
with
Verified Questions and Answers
A+ Grades Guarantee
, The broker is liable for the wrongdoing of his or her salespersons. The
Who is responsible for any wrongs principal is liable for any wrongs committed by the broker while acting
done by a salesperson while acting within the scope of the agency agreement.
within the scope of the agency
agreement?
One characteristic of sales contracts is mutual obligation. Option
what is the distinction between sales contracts lack mutual obligation. The buyer in an option contract is not
contracts and option contracts? obligated to buy.
a standard street address is sufficient.
A listing agreement must contain:
A licensee who faces suspension or revocation of their license is entitled
to a hearing within 30 days of the commission reaching their decision.
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?
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
Which of the licensed entities does responsible for licensing real estate inspectors and for regulation of
not fall under the regulatory companies that sell and issue residential service contracts ("home
authority of the Texas Real Estate warranties"). (Article 65736, Vernon's Texas Civil Statutes.
Commission?
a deed, deed of trust, will, or other written instrument that may transfer or
A licensee in Texas may not practice affect the title to land.
law, unless licensed and authorized
to do so in Texas. Practicing law
includes altering contracts, or
drawing up:
A licensee who breaches the agency relationship may be sued for
What penalties may a licensee who damages, termination of the contract, and/or non-payment of the
breaches the agency relationship commission.
face?
Undisclosed dual agency is: a violation of the TRELA.
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
What is the composition of the being appointed every two years.
Broker-Lawyer Committee?
may be done orally or in writing.
A licensee must disclose any existing
agency relationships to a new client.
This disclosure:
, A broker may obtain financing, assist in locating a property, and prepare a
A broker may do which of the contract or lease for an individual without representing the individual.
following for an individual without
actually representing the individual?
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
A real estate licensee must notify the jurisdiction in which the subject matter therein involves any real estate or
real estate program manager if: business-related activity by the licensee.
unacceptable because it involves an activity for which a real estate license
is required.
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
If the broker's license is suspended or revoked, the salespersons' licenses
The sole broker of a brokerage firm are made inactive and must be returned to the commission. A
has his or her real estate license salesperson's license may be made active when the salesperson is
suspended for two years. What sponsored by a new broker.
would happen to the licenses of the
salespersons affiliated with this
broker?
The Texas Real Estate Commission
Which agency is responsible for the
contract forms used by Texas
licensees?
doesn't need to go through probate, must be signed by both spouses, must
include the property description, be in writing, contain wording that
A community property with rights of makes evident the intent of survivorship, and be recorded in the county
survivorship agreement must: courthouse.
Generally, the most important represent the financial interests of the client.
responsibility of an agent is to:
voidable at the option of the minor.
Broker Bea recently entered into a
listing contract with Seller Sally.
Broker Bea just learned that Sally is
actually 17 years old and not
married. The listing contract is:
