TEXAS SAE MARKETING EXAM
QUESTIONS WITH ALL CORRECT
ANSWERS
Real estate brokers in Texas can be sued under which of the following acts if they are
found guilty of committing an unconscionable act, misrepresentation of a material fact,
or a failure to disclose with the intention of inducing a consumer into a transaction? -
Answer-Texas Deceptive Trade Practices Act (DTPA)
The term "material fact" refers specifically to a fact that: - Answer-Could possibly
persuade a buyer or seller to change their decision if they knew about it
According to TRELA, license holders MUST advise buyers that they should: - Answer-
Get a title insurance policy
According to TRELA, license holders MUST advise buyers that they should: - Answer-
Have the title abstract examined by an attorney
Realtors in Texas must belong to how many MLS's? - Answer-At least one
According to the Canons of Professional Ethics and Conduct, the primary duty of a real
estate agent is to represent the interests of: - Answer-Their client
What does the integrity portion of the Canons of Professional Ethics and Conduct
charge license holders with avoiding? - Answer-Misrepresentation
According to the Canons of Professional Ethics and Conduct, every real estate broker
must display which form in a readily noticeable location in each of their places of
business? - Answer-Consumer Protection Notice 1-3
In which of the following situations would a real estate agent be authorized to practice
law? - Answer-Under no circumstances (unless they were also a licensed attorney)
An agent should present all offers to their client UNLESS: - Answer-The client explicitly
instructs the agent not to present any offers below a certain amount in writing
Which of the following are considered ministerial duties? - Answer-Honesty, Accounting,
Fairness, and reasonable skill and care
Puffing is: - Answer-Simply Marketing
, Which of the following prohibits discrimination in housing based on race, color, national
origin, religion, sex, familial status, or disability? - Answer-Fair Housing Act
A landlord may permit reasonable modifications to a unit on the condition that the
tenant: - Answer-Agrees to restore the property to its original condition when they move
The disabilities under the Americans with Disabilities Act include what kind(s) of medical
conditions? - Answer-Both mental and physical
Concerning requirements for new buildings, if state or local laws demand more than the
requirements of the federal law, people must comply with: - Answer-The more stringent
state or local laws
Sherman Anti Trust Act does what - Answer-Promotes fair competition on behalf of
American consumers
Group Boycott - Answer-Agreement among two or more competitors not to do business
with another competitor for the purpose of inducing the other competitor to change its
business practices
Negligent misrepresentation violates the fiduciary duty of: - Answer-Reasonable Care
Which of the following factors has been a major contributor to the increasingly litigious
environment in real estate? - Answer-Attorneys have increased their advertising to the
public
If a seller has had two wood infestation reports performed on their property, which
report should they show to the buyer? - Answer-Both reports
If an agent has taken unfair advantage of another person because of their lack of
knowledge and experience to a grossly unfair degree, the court will say the agent is
guilty of what kind of action? - Answer-Unconscionable
What is the statute of limitations for DTPA? - Answer-2 Years from the date of the
violation or 2 years from the date the plaintiff discovered or should have discovered the
violation
What should a license holder do if they have a personal interest in a property they are
selling? - Answer-Disclose the interest in writing to the buyer
What makes puffing different from misrepresentation? - Answer-It states only opinions,
and is not covered by DPTA
TREC's primary mission is to protect which of the following people? - Answer-
Consumers of Real Estate Services
QUESTIONS WITH ALL CORRECT
ANSWERS
Real estate brokers in Texas can be sued under which of the following acts if they are
found guilty of committing an unconscionable act, misrepresentation of a material fact,
or a failure to disclose with the intention of inducing a consumer into a transaction? -
Answer-Texas Deceptive Trade Practices Act (DTPA)
The term "material fact" refers specifically to a fact that: - Answer-Could possibly
persuade a buyer or seller to change their decision if they knew about it
According to TRELA, license holders MUST advise buyers that they should: - Answer-
Get a title insurance policy
According to TRELA, license holders MUST advise buyers that they should: - Answer-
Have the title abstract examined by an attorney
Realtors in Texas must belong to how many MLS's? - Answer-At least one
According to the Canons of Professional Ethics and Conduct, the primary duty of a real
estate agent is to represent the interests of: - Answer-Their client
What does the integrity portion of the Canons of Professional Ethics and Conduct
charge license holders with avoiding? - Answer-Misrepresentation
According to the Canons of Professional Ethics and Conduct, every real estate broker
must display which form in a readily noticeable location in each of their places of
business? - Answer-Consumer Protection Notice 1-3
In which of the following situations would a real estate agent be authorized to practice
law? - Answer-Under no circumstances (unless they were also a licensed attorney)
An agent should present all offers to their client UNLESS: - Answer-The client explicitly
instructs the agent not to present any offers below a certain amount in writing
Which of the following are considered ministerial duties? - Answer-Honesty, Accounting,
Fairness, and reasonable skill and care
Puffing is: - Answer-Simply Marketing
, Which of the following prohibits discrimination in housing based on race, color, national
origin, religion, sex, familial status, or disability? - Answer-Fair Housing Act
A landlord may permit reasonable modifications to a unit on the condition that the
tenant: - Answer-Agrees to restore the property to its original condition when they move
The disabilities under the Americans with Disabilities Act include what kind(s) of medical
conditions? - Answer-Both mental and physical
Concerning requirements for new buildings, if state or local laws demand more than the
requirements of the federal law, people must comply with: - Answer-The more stringent
state or local laws
Sherman Anti Trust Act does what - Answer-Promotes fair competition on behalf of
American consumers
Group Boycott - Answer-Agreement among two or more competitors not to do business
with another competitor for the purpose of inducing the other competitor to change its
business practices
Negligent misrepresentation violates the fiduciary duty of: - Answer-Reasonable Care
Which of the following factors has been a major contributor to the increasingly litigious
environment in real estate? - Answer-Attorneys have increased their advertising to the
public
If a seller has had two wood infestation reports performed on their property, which
report should they show to the buyer? - Answer-Both reports
If an agent has taken unfair advantage of another person because of their lack of
knowledge and experience to a grossly unfair degree, the court will say the agent is
guilty of what kind of action? - Answer-Unconscionable
What is the statute of limitations for DTPA? - Answer-2 Years from the date of the
violation or 2 years from the date the plaintiff discovered or should have discovered the
violation
What should a license holder do if they have a personal interest in a property they are
selling? - Answer-Disclose the interest in writing to the buyer
What makes puffing different from misrepresentation? - Answer-It states only opinions,
and is not covered by DPTA
TREC's primary mission is to protect which of the following people? - Answer-
Consumers of Real Estate Services
