Texas Real Estate Exam (State Portion)
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Terms in this set (61)
Disclosure licensee representing a party shall disclose, either
written or oral, representation during first contact
with another party/licensee representing that party
Who is responsible for notifying the the broker
Real Estate Commission immediately
of the termination of the relationship
by returning the salesperson's license
(or a copy) to the Commission after
notifying the salesperson in writing of
the termination.
What would a broker would have to Something signed, who may or may not be the
have by the person agreeing to be broker's client, if it became necessary to sue for the
charged with the commission? fee.
, What would a broker have to show at 1. The his or her license was active
the time the service began? 2. that all buyers were notified in writing to have the
abstract covering the property examined by an
attorney of the buyer's choice or obtain an owner's
title insurance policy
How long do escrow account 4 years
records must be maintained for?
Does TRELA have anything to say NO, TRELA is silent on other business records
about other business records?
What is the statues of limitation for 4 years
filing a complaint with the
Commission?
In record keeping, what would be a Keep record at least 4 years-up to the statues of
good idea for a salesperson to do? limitation for submitting a complaint with the
Commission
Is there any requirement for office No requirement, because an agents office could be
signage? his home.
What is the only way a salesperson Only through their sponsoring broker.
may practice?
What are all offices required to have? At least one licensed broker
Can a salesperson accept a fee from NO, it can only accept fees from his sponsoring
anyone? broker
How can a fee for ancillary services It could be construed as an illegal kickback under
be construed? RESPA rules.
What amount of cash can a May not receive cash in any amount
unlicensed person receive from a
broker?
AgencyBrokerage 2026 Actual Questions with
Verified Answers, 100% Guarantee Pass Score
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (61)
Disclosure licensee representing a party shall disclose, either
written or oral, representation during first contact
with another party/licensee representing that party
Who is responsible for notifying the the broker
Real Estate Commission immediately
of the termination of the relationship
by returning the salesperson's license
(or a copy) to the Commission after
notifying the salesperson in writing of
the termination.
What would a broker would have to Something signed, who may or may not be the
have by the person agreeing to be broker's client, if it became necessary to sue for the
charged with the commission? fee.
, What would a broker have to show at 1. The his or her license was active
the time the service began? 2. that all buyers were notified in writing to have the
abstract covering the property examined by an
attorney of the buyer's choice or obtain an owner's
title insurance policy
How long do escrow account 4 years
records must be maintained for?
Does TRELA have anything to say NO, TRELA is silent on other business records
about other business records?
What is the statues of limitation for 4 years
filing a complaint with the
Commission?
In record keeping, what would be a Keep record at least 4 years-up to the statues of
good idea for a salesperson to do? limitation for submitting a complaint with the
Commission
Is there any requirement for office No requirement, because an agents office could be
signage? his home.
What is the only way a salesperson Only through their sponsoring broker.
may practice?
What are all offices required to have? At least one licensed broker
Can a salesperson accept a fee from NO, it can only accept fees from his sponsoring
anyone? broker
How can a fee for ancillary services It could be construed as an illegal kickback under
be construed? RESPA rules.
What amount of cash can a May not receive cash in any amount
unlicensed person receive from a
broker?
