200+ Questions and Answers (Verified Answers) With Expert
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❖ Texas Sae Real Estate Appraisal
❖ Questions and Answers (Verified Answers) With
Expert Explanations
❖ 2026 – 2027 Update (PDF)
❖ 100% Guaranteed Pass
❖ Complete Grade A+ Guide
, Texas Sae Real Estate Appraisal Test Bank 200+ Questions,
Answers and Explanation
⩥ The course is to address the regulatory aspects of the
management, operation and supervision of a real estate brokerage firm in
Texas. The course provides an understanding and working knowledge of
a broker's responsibilities and obligations under 22 TAC §535.2.
Answer: Broker Responsibility MCE
⩥ Who Must Take The Broker Responsibility MCE Course? Answer: A
broker who sponsors salespersons, a designated broker of a business
entity, and a license holder who is a delegated supervisor of one or more
license holders (for six months or more during the supervisor's current
license period), to complete this six—hour broker responsibility course
to renew a license.
⩥ "Act of God" Answer: A natural disaster or fire
⩥ Broker must, at a minimum, maintain the following records in a
format that is readily available to the Commission for at least years
from the date of closing, termination of the contract, or end of a real
estate transaction Answer: 4
,⩥ Recruitment of a salesperson by a broker is not regulated with the
exception that instructors or other persons associated with a may
NOT recruit or solicit prospective salespersons or brokers in a classroom
during class time Answer: School
⩥ There is no provision in the Act or the TREC Rules prohibiting a
broker from a salesperson or broker—associate affiliated with
another broker. Answer: Recruiting
⩥ are exempt from any of the provisions of the Texas Real
Estate License Act. They are permitted to represent clients in real estate
transactions by virtue of their license to practice law. Answer: Attorneys
⩥ Brokers CANNOT share their fees with attorneys who perform a
brokerage service, attorneys must seek compensation for that service
directly from one of the in a transaction Answer: Principals
⩥ Can a listing broker share a portion of the listing broker's commission
with an attorney who represented the buyer in a real estate transaction?
Answer: No. A broker is prohibited from sharing fees with or otherwise
compensating the attorney acting as a buyer's agent unless the attorney
holds an active real estate license.
⩥ Is a link to the IABS form required on my website? Answer: Yes. Rule
531.20(b) states that each broker and sales agent must provide a link on
, its homepage to the IABS Form labeled "Texas Real Estate Commission
Information About Brokerage Services".
⩥ IABS link must be in at least a point font and in a readily
noticeable place on the homepage of the business website of the broker
and sales agent. Answer: 10
⩥ Does a link to the IABS Form in my email signature satisfy the
representation disclosure required by TRELA §1101.558? Answer: No.
Rule 531.20(d) states that providing a link to the IABS Form in a
footnote or signature block of an email is insufficient
⩥ The IABS Form can be provided by: Answer: (1) personal delivery;
(2) first class mail or overnight common carrier delivery service; (3) in
the body of an email; or (4) as an attachment to an email or as a link in
the body of an email so long as there is a specific reference to the IABS
Form in the body of the email.
⩥ Reasons people give for wanting to open their own Brokerage:
Answer: Wanting to create something from scratch, Wanting to be their
own boss, Wanting to train and motivate real estate agents to be
successful, Wanting to be leader in their community or in the industry,
An entrepreneurial spirit