Real Estate Salesperson Exam 3 With All Correct & 100%
Verified Answers |Actual Complete Update |Already
Graded A+
1. An unlicensed assistant prospects for leads for their agent employer. Who could be fined,
and/or have a license suspended or revoked by TREC?
(a) the unlicensed assistant
(b) the unlicensed assistant and the agent
(c) the unlicensed assistant, agent and sponsoring broker
(d) the sponsoring broker only ✔Correct Answer-C
2. When is the termination option fee in the 1-4 Family Contract due?
(a) within two business days after the effective date of the contract
(b) within three business days after the effective date of the contract
(c) by midnight of the negotiated date
(d) by midnight of the third calendar day after the effective date of the contract ✔Correct
Answer-D
3. The option period ends:
(a) at midnight on the day mentioned in the contract
(b) at 5:00 pm on the third day after the effective date
(c) at midnight on the third day after the effective date
(d) at 5:00 pm on the day mentioned in the contract ✔Correct Answer-D
4. A broker who has a buyer representation agreement with a buyer decided to rebate part of
the commission to the buyer to cover closing costs. The broker should:
(a) rebate a gift card to the buyer
(b) rebate $50 of the commission
(c) rebate an amount on the closing disclosure (CD)
, (d) write the buyer a check after closing ✔Correct Answer-C
5. Who is eligible for a TVLB loan?
(a) eligible spouses
(b) parents of a veteran
(c) any honorably or dishonorably discharged disabled veteran
(d) siblings of a veteran ✔Correct Answer-A
6. When a broker posts pictures of other brokers' listings on his website, what is required?
(a) written permission
(b) broker's name on every picture
(c) broker's name on the front page of his website only
(d) both broker and listing broker's name on all pictures. ✔Correct Answer-A
7. A broker's duty consists of updating/notifying agents about:
(a) changes to the License Act
(b) changes to the promulgated forms
(c) the due date for the payment of TREC fees
(d) compliance issues ✔Correct Answer-D
8. Who can a broker pay a referral commission to?
(a) an attorney in Texas
(b) an attorney in another state
(c) an unlicensed assistant
(d) a broker license holder in this or any other state ✔Correct Answer-D
9. A buyer's agent rebates a portion of their commission to a buyer. Who needs to approve this?
Verified Answers |Actual Complete Update |Already
Graded A+
1. An unlicensed assistant prospects for leads for their agent employer. Who could be fined,
and/or have a license suspended or revoked by TREC?
(a) the unlicensed assistant
(b) the unlicensed assistant and the agent
(c) the unlicensed assistant, agent and sponsoring broker
(d) the sponsoring broker only ✔Correct Answer-C
2. When is the termination option fee in the 1-4 Family Contract due?
(a) within two business days after the effective date of the contract
(b) within three business days after the effective date of the contract
(c) by midnight of the negotiated date
(d) by midnight of the third calendar day after the effective date of the contract ✔Correct
Answer-D
3. The option period ends:
(a) at midnight on the day mentioned in the contract
(b) at 5:00 pm on the third day after the effective date
(c) at midnight on the third day after the effective date
(d) at 5:00 pm on the day mentioned in the contract ✔Correct Answer-D
4. A broker who has a buyer representation agreement with a buyer decided to rebate part of
the commission to the buyer to cover closing costs. The broker should:
(a) rebate a gift card to the buyer
(b) rebate $50 of the commission
(c) rebate an amount on the closing disclosure (CD)
, (d) write the buyer a check after closing ✔Correct Answer-C
5. Who is eligible for a TVLB loan?
(a) eligible spouses
(b) parents of a veteran
(c) any honorably or dishonorably discharged disabled veteran
(d) siblings of a veteran ✔Correct Answer-A
6. When a broker posts pictures of other brokers' listings on his website, what is required?
(a) written permission
(b) broker's name on every picture
(c) broker's name on the front page of his website only
(d) both broker and listing broker's name on all pictures. ✔Correct Answer-A
7. A broker's duty consists of updating/notifying agents about:
(a) changes to the License Act
(b) changes to the promulgated forms
(c) the due date for the payment of TREC fees
(d) compliance issues ✔Correct Answer-D
8. Who can a broker pay a referral commission to?
(a) an attorney in Texas
(b) an attorney in another state
(c) an unlicensed assistant
(d) a broker license holder in this or any other state ✔Correct Answer-D
9. A buyer's agent rebates a portion of their commission to a buyer. Who needs to approve this?
