TEXAS RE NATIONAL PREP 4 EXAM
LATEST 2026/2027 ALL STUDY QUESTIONS
WITH VERIFIED ANSWERS 100% TOP
RATED A+
,TEXAS RE NATIONAL PREP 4 EXAM LATEST
2026/2027 ALL STUDY QUESTIONS WITH VERIFIED
ANSWERS 100% TOP RATED A+
A homeowner will be abroad for one year and wants to lease his home for that period. He hires a
broker to lease the property and specifies that he will not sign a lease where the tenants have any
children or pets. What must the broker do?
(a) the broker must obey the wishes of the owner/client
(b) the broker must tell the owner that the owner cannot lease under those terms as it would
violate the Federal Fair Housing Act
(c) the broker must tell the owner that although he can specify "no pets", he cannot specify "no
children" in order to comply with Fair Housing laws
(d) the broker must tell the owner he can only enforce those terms if the owner promises in
writing to indemnify the broker in the event of a lawsuit. - Answer>>> (c) the broker must tell
the owner that although he can specify "no pets", he cannot specify "no children" in order to
comply with Fair Housing laws
A new license holder has prepared a detailed listing presentation package to present to prospects
and it always includes a CMA on the property. He has secured his first listing. After his
presentation of this package and the CMA, including a range of values for the neighborhood, he
has told the sellers they must list the property for $395,000. The sellers have accepted this price
even though they do not agree with it. What is wrong with this scenario?
,(a) the result of the CMA should have been a price rather than a range
(b) there is nothing wrong with this scenario
(c) the final decision in establishing the listing price is made by the seller, not the agent.
(d) a sales license holder must use a listing presentation package prepared by the broker -
Answer>>> (c) the final decision in establishing the listing price is made by the seller, not the
agent.
Which of the following is an example of illegal commingling?
(a) A buyer deposits money in an escrow account
(b) A broker/landlord deposits tenant security checks in an operating account.
(c) A property manager puts client rents in an operating account.
(d) A landlord deposits rents in the business operating account. - Answer>>> (b) A
broker/landlord deposits tenant security checks in an operating account.
A sales agent has just attended a seminar on the benefits of using social media in marketing her
client's properties. She is very excited to begin to use all the wonderful ideas that were presented.
In order to advertise her client's properties on social media she will need:
(a) Written permission from the owner
, (b) Access to the property owner's Facebook page
(c) Access to the owner's Twitter account
(d) Verbal permission from the owner - Answer>>> (a) Written permission from the owner
A buyer who wants to be sure that he is getting good title to a property should rely on:
(a) an attorney's opinion of title.
(b) a title insurance policy.
(c) a general warranty deed.
(d) a title commitment based on the abstract of title from the title company - Answer>>> (c) a
general warranty deed.
A home is being sold for $79650. The buyer has a 6% down payment. The seller agrees to owner
financing with an 83% LTV. There will be a second mortgage on the property. What will be the
amount of the 2nd mortgage (rounded to the nearest dollar)?
(a) $4,779
(b) $8,762
LATEST 2026/2027 ALL STUDY QUESTIONS
WITH VERIFIED ANSWERS 100% TOP
RATED A+
,TEXAS RE NATIONAL PREP 4 EXAM LATEST
2026/2027 ALL STUDY QUESTIONS WITH VERIFIED
ANSWERS 100% TOP RATED A+
A homeowner will be abroad for one year and wants to lease his home for that period. He hires a
broker to lease the property and specifies that he will not sign a lease where the tenants have any
children or pets. What must the broker do?
(a) the broker must obey the wishes of the owner/client
(b) the broker must tell the owner that the owner cannot lease under those terms as it would
violate the Federal Fair Housing Act
(c) the broker must tell the owner that although he can specify "no pets", he cannot specify "no
children" in order to comply with Fair Housing laws
(d) the broker must tell the owner he can only enforce those terms if the owner promises in
writing to indemnify the broker in the event of a lawsuit. - Answer>>> (c) the broker must tell
the owner that although he can specify "no pets", he cannot specify "no children" in order to
comply with Fair Housing laws
A new license holder has prepared a detailed listing presentation package to present to prospects
and it always includes a CMA on the property. He has secured his first listing. After his
presentation of this package and the CMA, including a range of values for the neighborhood, he
has told the sellers they must list the property for $395,000. The sellers have accepted this price
even though they do not agree with it. What is wrong with this scenario?
,(a) the result of the CMA should have been a price rather than a range
(b) there is nothing wrong with this scenario
(c) the final decision in establishing the listing price is made by the seller, not the agent.
(d) a sales license holder must use a listing presentation package prepared by the broker -
Answer>>> (c) the final decision in establishing the listing price is made by the seller, not the
agent.
Which of the following is an example of illegal commingling?
(a) A buyer deposits money in an escrow account
(b) A broker/landlord deposits tenant security checks in an operating account.
(c) A property manager puts client rents in an operating account.
(d) A landlord deposits rents in the business operating account. - Answer>>> (b) A
broker/landlord deposits tenant security checks in an operating account.
A sales agent has just attended a seminar on the benefits of using social media in marketing her
client's properties. She is very excited to begin to use all the wonderful ideas that were presented.
In order to advertise her client's properties on social media she will need:
(a) Written permission from the owner
, (b) Access to the property owner's Facebook page
(c) Access to the owner's Twitter account
(d) Verbal permission from the owner - Answer>>> (a) Written permission from the owner
A buyer who wants to be sure that he is getting good title to a property should rely on:
(a) an attorney's opinion of title.
(b) a title insurance policy.
(c) a general warranty deed.
(d) a title commitment based on the abstract of title from the title company - Answer>>> (c) a
general warranty deed.
A home is being sold for $79650. The buyer has a 6% down payment. The seller agrees to owner
financing with an 83% LTV. There will be a second mortgage on the property. What will be the
amount of the 2nd mortgage (rounded to the nearest dollar)?
(a) $4,779
(b) $8,762
