Texas Real Estate EXAM /COMPLETE ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ PASS GUARANTEED.

Texas Real Estate EXAM 2026-2027/COMPLETE ACTUAL
EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ PASS GUARANTEED.




If Real Estate Recovery Trust Account is below $1 million


Brokers and licensees pay a pro rata share of $10 upon license
renewal

If Real Estate Recovery Trust Account is above $3.5 million,


the excess goes into the State's General Fund


When an amount if paid out of the Real Estate Recovery Trust
Account on behalf of a license holder,



the license of the person can be suspended or revoked. It may
never be recovered until the account is paid back with interest.

,Maximum amount payable by the Real Estate Recovery Trust
Account


is $100,000 per license holder and $50,000 per transaction.

Does TREC resolve disputes between license holders?


No


YES License


attorneys receiving a commission


YES License


Auctioneers involved in any part of a transaction, other than calling


YES License


apartment locators


Yes License


real estate agents

, Yes License


Business entities who receives commissions on behalf of license
holders

Yes License


Designated broker, officer, or manager of a Real Estate Limited
Liability Company


Yes License


a third party who collects rents from a single family residence
(property manager)


Yes License


Any business that engages in real estate brokerage must have a
licensed broker


EXEMPT License


attorneys receiving a fee but no commission split