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Exam (elaborations)

TX TREC REAL ESTATE EXAM PREP |ACTUAL QUESTIONS AND VERIFIED ANSWERS|BRAND NEW UPDATE|GRADED A+

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Preview 4 out of 53 pages

TX TREC REAL ESTATE EXAM PREP |ACTUAL QUESTIONS AND VERIFIED ANSWERS|BRAND NEW UPDATE|GRADED A+

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TX TREC REAL ESTATE EXAM PREP |ACTUAL
QUESTIONS AND VERIFIED ANSWERS|BRAND NEW
2026-2027 UPDATE|GRADED A+


Question 1

When terminating the sponsorship of a salesperson, the broker must

A) notify the salesperson in writing of the termination and immediately return the
salesperson's license to the Texas Real Estate Commission.

B) return the salesperson's license, along with a letter of termination, to the Real Estate
Commission.

C) do nothing as the salesperson is responsible for notifying the Real Estate Commission of
the change.

D) give the salesperson an official letter of termination that the salesperson can send to the
Real Estate Commission.

CORRECT ANSWER

A) Notify the salesperson in writing of the termination and immediately return the
salesperson's license to the Texas Real Estate Commission.




Question 2

In regards to rebates, all of the following are true EXCEPT

A) accepting an undisclosed rebate or profit on an expenditure for a principal demonstrates
lack of ability to perform with honesty, trustworthiness, and integrity.

B) title insurance companies are prohibited from paying rebates to real estate licensees.

C) if a real estate licensee accepts a rebate or direct profit on an expenditure made for a
principal, it must be disclosed to the party they represent.

D) it is illegal for a broker to rebate a portion of the commission to a principal to a
transaction.

CORRECT ANSWER




1

, D) It is illegal for a broker to rebate a portion of the commission to a principal to a
transaction.




Question 3

How long may a temporary lease be used?

A) 90 days

B) 60 days

C) 30 days

D) 120 days

CORRECT ANSWER

A) 90 days.




Question 4

In any real estate sales transaction that a broker negotiates, the broker would be well
advised to do all of the following EXCEPT

A) provide the buyer the broker's personal opinion of the condition of the seller's title to the
property.

B) make sure that the closing statement is accurate and that a copy of it is delivered to both
the buyer and the seller.

C) make sure that the written purchase and sales agreement includes all of the terms of the
parties' agreement.

D) keep copies of all documents involved in the transaction in the broker's files for five years
after the year in which the transaction was closed.

CORRECT ANSWER

A) Provide the buyer the broker's personal opinion of the condition of the seller's title to
the property.




2

,Question 5

In a situation where the Seller's Disclosure of Property Condition is required, in order to
have a contract that cannot be terminated by a buyer for failure to receive the disclosure
on or before the effective date of an executory contract binding the purchaser to purchase
the property, the seller's agent should ensure the disclosure be delivered to the buyer or
the buyer's agent

A) prior to closing.

B) at the time of the home inspection.

C) at the time that the seller agrees to the offer.

D) prior to the buyer's making a written offer.

CORRECT ANSWER

D) Prior to the buyer's making a written offer.




Question 6

A real estate license may be suspended or revoked for

A) publishing an advertisement that may create a misleading impression.

B) specifying a definite termination date in a listing contract.

C) including "owner/agent" in an advertisement to sell the license holder's own home.

D) failing to properly account for the license holder's business expenses.

CORRECT ANSWER

A) Publishing an advertisement that may create a misleading impression.




Question 7

Who must notify a buyer in writing of the importance of getting an abstract examined by
an attorney of the buyer's choice or obtaining an owner's title policy prior to closing?

A) Broker or salesperson

B) Title company


3

, C) Seller

D) Buyer's attorney

CORRECT ANSWER

A) Broker or salesperson.




Question 8

A person acting as a real estate broker, real estate salesperson, or a right-of-way agent
without a license or registration is guilty of a Class A misdemeanor that is punishable by a
fine of NOT

A) more than $2,000.

B) neither less than $1,000 nor more than $2,000.

C) neither less than $3,000 nor more than $4,000.

D) more than $4,000.

CORRECT ANSWER

D) More than $4,000.



The answer is more than $4,000. A violation of the License Act by an unlicensed person is a
Class A misdemeanor, which is punishable by up to a $4,000 fine or imprisonment for a term
not to exceed one year or both.




Question 9

A broker has developed a website advertising the broker's office. What, if anything, does
the broker need to include?

A) No need for any additional disclosures

B) Names, addresses, and phone numbers of active license holders

C) Status as a broker on each page of the site

D) License number of the brokerage and list of current active license holders


4

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