Texas State Portion Real Estate Exam Study
Questions and Answers
Question 1
How many hours of education are required at first renewal of sales license?
Correct Answer
98
Question 2
How many points do you need to apply for a broker's license
Correct Answer
3600
Question 3
Mediation may not work; in arbitration, there will be a final decision
Correct Answer
true
Question 4
EXEMPT License
Correct Answer
court appointed receivers, trustees, guardians, and sheriffs; anyone engaged in or
carrying out foreclosure sales
Question 5
EXEMPT License
Correct Answer
anyone selling mobile homes (portable)
Page 1 of 187
,Question 6
TREC has no promulgated forms for
Correct Answer
commercial transactions
Question 7
If TREC does not have proof of CE at the time a license holder renews (on time
renewal) AND late education is more than 60 days late...
Correct Answer
$450 penalty plus a $50 filing fee
Question 8
What if you fail license exam 3 consecutive times?
Correct Answer
State OR national part requires 30 additional hours of education; both requires 60
hours
Question 9
landlords must provide new locks no later than ______ days after a new tenant takes
possession
Correct Answer
7
Question 10
The "Time is of the Essence" clause is found
Correct Answer
in the termination/option paragraph, third party financing addendum, and
addendum for sale of other property, backup addendum and short sale addendum
Page 2 of 187
,Question 11
Brokerage without a license is defined as a
Correct Answer
Class A Misdemeanor
Question 12
How many members in TALCB?
Correct Answer
9: 4 appraisers, 4 public members, 1 ex officio
Question 13
Who is on the Real Estate Advisory Committee?
Correct Answer
10 members: 6 brokers, 3 public members, 1 ex TREC officio
Question 14
If Real Estate Recovery Trust Account is below $1 million
Correct Answer
Brokers and licensees pay a pro rata share of $10 upon license renewal
Question 15
How long does an individual have after an incident to file a complaint against a
license holder?
Correct Answer
4 years
Question 16
How many members in TREC?
Correct Answer
9: 3 general public, 6 brokers
Page 3 of 187
, Question 17
the homestead of a family is protected from all creditors, except:
Correct Answer
mortgage, property taxes, m & m liens, and HOA
Question 18
homestead protection
Correct Answer
is automatic and cannot be waived
Question 19
probate must begin within _____ years of death
Correct Answer
4
Question 20
a deed, mortgage or other real estate instrument is not effective
Correct Answer
if it is not recorded
Question 21
A license is considered ____________ until the late renewal has been processed by TREC
Correct Answer
expired
Question 22
Exceptions to Senate Bill 489
Correct Answer
Open houses, meeting with someone already repped by another licensee, lease for
not more than 1 year, no sale being considered
Page 4 of 187
Questions and Answers
Question 1
How many hours of education are required at first renewal of sales license?
Correct Answer
98
Question 2
How many points do you need to apply for a broker's license
Correct Answer
3600
Question 3
Mediation may not work; in arbitration, there will be a final decision
Correct Answer
true
Question 4
EXEMPT License
Correct Answer
court appointed receivers, trustees, guardians, and sheriffs; anyone engaged in or
carrying out foreclosure sales
Question 5
EXEMPT License
Correct Answer
anyone selling mobile homes (portable)
Page 1 of 187
,Question 6
TREC has no promulgated forms for
Correct Answer
commercial transactions
Question 7
If TREC does not have proof of CE at the time a license holder renews (on time
renewal) AND late education is more than 60 days late...
Correct Answer
$450 penalty plus a $50 filing fee
Question 8
What if you fail license exam 3 consecutive times?
Correct Answer
State OR national part requires 30 additional hours of education; both requires 60
hours
Question 9
landlords must provide new locks no later than ______ days after a new tenant takes
possession
Correct Answer
7
Question 10
The "Time is of the Essence" clause is found
Correct Answer
in the termination/option paragraph, third party financing addendum, and
addendum for sale of other property, backup addendum and short sale addendum
Page 2 of 187
,Question 11
Brokerage without a license is defined as a
Correct Answer
Class A Misdemeanor
Question 12
How many members in TALCB?
Correct Answer
9: 4 appraisers, 4 public members, 1 ex officio
Question 13
Who is on the Real Estate Advisory Committee?
Correct Answer
10 members: 6 brokers, 3 public members, 1 ex TREC officio
Question 14
If Real Estate Recovery Trust Account is below $1 million
Correct Answer
Brokers and licensees pay a pro rata share of $10 upon license renewal
Question 15
How long does an individual have after an incident to file a complaint against a
license holder?
Correct Answer
4 years
Question 16
How many members in TREC?
Correct Answer
9: 3 general public, 6 brokers
Page 3 of 187
, Question 17
the homestead of a family is protected from all creditors, except:
Correct Answer
mortgage, property taxes, m & m liens, and HOA
Question 18
homestead protection
Correct Answer
is automatic and cannot be waived
Question 19
probate must begin within _____ years of death
Correct Answer
4
Question 20
a deed, mortgage or other real estate instrument is not effective
Correct Answer
if it is not recorded
Question 21
A license is considered ____________ until the late renewal has been processed by TREC
Correct Answer
expired
Question 22
Exceptions to Senate Bill 489
Correct Answer
Open houses, meeting with someone already repped by another licensee, lease for
not more than 1 year, no sale being considered
Page 4 of 187
