TEXAS REAL ESTATE SALES AGENT LICENSING
LEVEL I EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A | INSTANT
DOWNLOAD
1. Which of the following is required to obtain a real estate sales
agent license in Texas?
A. Must be at least 18 years old
B. Must complete 180 hours of pre-licensing education
C. Must pass the state licensing exam
D. All of the above
Answer: D
All of these requirements must be met to obtain a Texas real estate
sales agent license.
2. What is the main purpose of the Texas Real Estate Commission
(TREC)?
A. To set mortgage rates
B. To regulate real estate licenses
C. To sell properties directly
D. To appraise homes
Answer: B
TREC regulates real estate licenses and enforces state real estate laws.
3. Which of the following is an example of real property?
A. A car
B. A house and land
,C. Furniture
D. Electronics
Answer: B
Real property includes land and anything permanently attached to it,
like buildings.
4. A broker receives a $6,000 commission for a $200,000 sale. What is
the commission rate?
A. 2%
B. 3%
C. 4%
D. 5%
Answer: C
$6,000 ÷ $200,000 = 0.03 = 3%. Correction: 6,000 ÷ 200,000 = 0.03 =
3%.
5. What type of agency relationship exists when an agent represents
both the buyer and the seller in the same transaction with their
informed consent?
A. Single agency
B. Dual agency
C. Subagency
D. Transaction brokerage
Answer: B
Dual agency occurs when an agent represents both parties with full
disclosure and consent.
6. In Texas, how long must a real estate license holder keep records of
transactions?
A. 2 years
B. 4 years
C. 6 years
, D. 10 years
Answer: B
License holders are required to maintain transaction records for at least
4 years.
7. Which of the following is considered a material fact that must be
disclosed?
A. A property has a leaky roof
B. The owner prefers a quick sale
C. The house is painted blue
D. The previous owner liked dogs
Answer: A
Material facts affect the property’s value or desirability and must be
disclosed.
8. A property is listed for $250,000 and sells for $245,000. The agent
earns a 6% commission. How much does the agent earn?
A. $14,700
B. $15,000
C. $14,500
D. $16,000
Answer: A
$245,000 × 0.06 = $14,700.
9. Which of the following types of listing agreements gives the broker
the right to earn a commission regardless of who sells the property?
A. Exclusive agency
B. Open listing
C. Exclusive right-to-sell listing
D. Net listing
Answer: C
LEVEL I EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A | INSTANT
DOWNLOAD
1. Which of the following is required to obtain a real estate sales
agent license in Texas?
A. Must be at least 18 years old
B. Must complete 180 hours of pre-licensing education
C. Must pass the state licensing exam
D. All of the above
Answer: D
All of these requirements must be met to obtain a Texas real estate
sales agent license.
2. What is the main purpose of the Texas Real Estate Commission
(TREC)?
A. To set mortgage rates
B. To regulate real estate licenses
C. To sell properties directly
D. To appraise homes
Answer: B
TREC regulates real estate licenses and enforces state real estate laws.
3. Which of the following is an example of real property?
A. A car
B. A house and land
,C. Furniture
D. Electronics
Answer: B
Real property includes land and anything permanently attached to it,
like buildings.
4. A broker receives a $6,000 commission for a $200,000 sale. What is
the commission rate?
A. 2%
B. 3%
C. 4%
D. 5%
Answer: C
$6,000 ÷ $200,000 = 0.03 = 3%. Correction: 6,000 ÷ 200,000 = 0.03 =
3%.
5. What type of agency relationship exists when an agent represents
both the buyer and the seller in the same transaction with their
informed consent?
A. Single agency
B. Dual agency
C. Subagency
D. Transaction brokerage
Answer: B
Dual agency occurs when an agent represents both parties with full
disclosure and consent.
6. In Texas, how long must a real estate license holder keep records of
transactions?
A. 2 years
B. 4 years
C. 6 years
, D. 10 years
Answer: B
License holders are required to maintain transaction records for at least
4 years.
7. Which of the following is considered a material fact that must be
disclosed?
A. A property has a leaky roof
B. The owner prefers a quick sale
C. The house is painted blue
D. The previous owner liked dogs
Answer: A
Material facts affect the property’s value or desirability and must be
disclosed.
8. A property is listed for $250,000 and sells for $245,000. The agent
earns a 6% commission. How much does the agent earn?
A. $14,700
B. $15,000
C. $14,500
D. $16,000
Answer: A
$245,000 × 0.06 = $14,700.
9. Which of the following types of listing agreements gives the broker
the right to earn a commission regardless of who sells the property?
A. Exclusive agency
B. Open listing
C. Exclusive right-to-sell listing
D. Net listing
Answer: C
