Texas Real Estate Principles 1 Exam Questions and
Answers (Verified Answers) 2023/2024
Trec Commission Membership - correct answers ✅9 Members (6 brokers, 3
public) appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - correct answers ✅13
Members (6 brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - correct answers
✅18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - correct answers
✅buying, selling or leasing an easement pertaining to telecommunicaton,
utility, railroad or pipeline services.
Payments into Trust Account - correct answers ✅ensures the availibility of a
sufficient amount to pay on anticipated claims on the trust account
,A commission may suspend or revoke a license for - correct answers
✅acting negligently or incompetently, comingling money and soliciting or
selling offers for the sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - correct answers
✅it must be taken to the district court in the county where the
administrative hearing was held.
When dealing with a client it is mandatory to give them - correct answers
✅A copy of the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate
Licensees - correct answers ✅Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - correct
answers ✅That agent has to join the "NAR" National Association of Realtors
to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - correct answers
✅FEDERAL LAW that where the only protected class was Race. No one can
discriminate because of RACE.
, Civil Rights Act of 1968 - correct answers ✅Amended the Civil Rights Act of
1866 to include race, color, national origin, religion,
Civil Rights Act of 1974 - correct answers ✅Amended to include Sex (Male
or Female)
Civil Rights Act of 1988 - correct answers ✅Amended to include Handicap
and Familial status
Define Handicapped - correct answers ✅having a physical or mental
disability (including hearing, mobility, visual impairment, chronic mental
illness and AIDS) that substantially limits one or more major life activities.
Steering - correct answers ✅Illigal practice of directing home seekers to a
particular neighborhood based on fair housing protected classes. An agent
cannot steer even if asked to by their client.
If a seller asks agent to discriminate - correct answers ✅agent must refuse
to take the listing
Answers (Verified Answers) 2023/2024
Trec Commission Membership - correct answers ✅9 Members (6 brokers, 3
public) appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - correct answers ✅13
Members (6 brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - correct answers
✅18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - correct answers
✅buying, selling or leasing an easement pertaining to telecommunicaton,
utility, railroad or pipeline services.
Payments into Trust Account - correct answers ✅ensures the availibility of a
sufficient amount to pay on anticipated claims on the trust account
,A commission may suspend or revoke a license for - correct answers
✅acting negligently or incompetently, comingling money and soliciting or
selling offers for the sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - correct answers
✅it must be taken to the district court in the county where the
administrative hearing was held.
When dealing with a client it is mandatory to give them - correct answers
✅A copy of the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate
Licensees - correct answers ✅Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - correct
answers ✅That agent has to join the "NAR" National Association of Realtors
to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - correct answers
✅FEDERAL LAW that where the only protected class was Race. No one can
discriminate because of RACE.
, Civil Rights Act of 1968 - correct answers ✅Amended the Civil Rights Act of
1866 to include race, color, national origin, religion,
Civil Rights Act of 1974 - correct answers ✅Amended to include Sex (Male
or Female)
Civil Rights Act of 1988 - correct answers ✅Amended to include Handicap
and Familial status
Define Handicapped - correct answers ✅having a physical or mental
disability (including hearing, mobility, visual impairment, chronic mental
illness and AIDS) that substantially limits one or more major life activities.
Steering - correct answers ✅Illigal practice of directing home seekers to a
particular neighborhood based on fair housing protected classes. An agent
cannot steer even if asked to by their client.
If a seller asks agent to discriminate - correct answers ✅agent must refuse
to take the listing
