Texas State Real Estate License Exam Questions and Answers 100% Correct(SCORED A+)

By what date must the current year's real estate taxes be paid in order to avoid a penalty and interest on the taxes? - ANSWER - By January 31st of the next year Arthur was a Texas licensed Real Estate Sales agent for a long time. He then chose to become inactive and TREC has been holding his license in inactive status. He now wants to activate the license. What does he need to do? - ANSWER - Apply through a broker, pay $200 and take an 18-hour continuing education course Prior to issuance of an inspector's license, a newly approved inspector must remit what amount to the Real Estate Inspection Recovery Fund? - ANSWER - $10 A broker has a verbal listing agreement with a seller. The seller has agreed to sign a written listing agreement but has not done so yet. What is true? - ANSWER - The brokers' status at this time is that of a volunteer Written permission is required to place a sign on the property. A verbal real estate agreement is not enforceable against the client. A promise to sign is not a signature. The agreement must be signed to be enforceable. When is it NOT mandatory for the seller to provide a copy of the "Seller's Disclosure of Property Condition" to prospective buyers? - ANSWER - When the property is a commercial property -- it is required in a FSBO When a sponsoring broker is unaware that a salesperson is violating the Texas real estate ode through activities such as blockbusting, discrimination, and commingling funds, which of the following is true of the sponsoring broker's responsibility? - ANSWER - If the sponsoring broker is deemed to be completely unaware of the sale