TEXAS PRINCIPLES OF REAL ESTATE II FINAL EXAMS:
LATEST UPDATE WITH QUESTIONS AND ANSWERS
100%CORRECT.
As a licensee or certificate of registrationn holder, as a fiduciary for parties of a real estate
transaction, may not divulge __________ to other licensees or certificate holders, principals to
the transaction, lenders, escrow, etc. - CORRECT ANSWER-personal information
If a license holder attempts to _________ a party with a to break the current contract with
another licensee and make a new agreement with the licensee grounds for suspension or
revocation of the license. - CORRECT ANSWER-induce
Failure to disclose a known defect to a potential buyer or a false promise is made to
____________ a person may result in suspension or revocation of a license. - CORRECT
ANSWER-mislead, fool, & influence
It is not considered _________________ for licensees to complete Texas statutory forms, a
contract that was written by a lawyer who is a member of the Texas Bar, or complete a contract
drawn by a seller or the seller`s attorney. - CORRECT ANSWER-practicing law
__________ completing a Texas statutory form, contract written by a lawyer who is a member
of the Texas Bar, or contract drawn by a seller or the seller`s attorney is not considered
practicing law. - CORRECT ANSWER-certificate of registration holders, licensees, and brokers
, Compensation _______________________ will be paid to a salespersons only from their
sponsoring broker. - CORRECT ANSWER-from any source and for any reason
A(n) _____________ that commingles client money with the license holder's personal or firm's
money faces suspension or revocation of a license. - CORRECT ANSWER-licensee
____________ suspension or revocation of a license is the attempting to induce a party with a
current contract with another licensee to break that contract and make a new agreement with
the license holder as the agent. - CORRECT ANSWER-Grounds for
Real estate sales agents and brokers are ____________ for parties of a real estate transaction.
A(n) ___________ responsibility is not to divulge personal information of any party to another
party. This includes additional licensees, principals to the transaction, lenders, escrow, etc. -
CORRECT ANSWER-fiduciaries / fiduciary's
A certificate of registration allows real estate agents who live in a border town with Texas to
practice real estate in Texas. These individuals are subject to __________ requirements as a
Texas licensee. - CORRECT ANSWER-the same
Practicing law without being a member of the Texas ___________ is a criminal offense. The
Commission shall suspend or revoke the license or certificate of registration who is not a
licensed attorney yet acts or talks in such a way as to be perceived as giving legal advice or
having the authority to create legal forms. - CORRECT ANSWER-Bar
The executive director, hired by the Texas Real Estate Commission, is delegated the
responsibility of administering _____________ of licensees . - CORRECT ANSWER-penalties
The amount of an administrative penalty may not exceed __________ for a violation. Each day a
violation continues or occurs may be considered a separate violation for purposes of imposing a
LATEST UPDATE WITH QUESTIONS AND ANSWERS
100%CORRECT.
As a licensee or certificate of registrationn holder, as a fiduciary for parties of a real estate
transaction, may not divulge __________ to other licensees or certificate holders, principals to
the transaction, lenders, escrow, etc. - CORRECT ANSWER-personal information
If a license holder attempts to _________ a party with a to break the current contract with
another licensee and make a new agreement with the licensee grounds for suspension or
revocation of the license. - CORRECT ANSWER-induce
Failure to disclose a known defect to a potential buyer or a false promise is made to
____________ a person may result in suspension or revocation of a license. - CORRECT
ANSWER-mislead, fool, & influence
It is not considered _________________ for licensees to complete Texas statutory forms, a
contract that was written by a lawyer who is a member of the Texas Bar, or complete a contract
drawn by a seller or the seller`s attorney. - CORRECT ANSWER-practicing law
__________ completing a Texas statutory form, contract written by a lawyer who is a member
of the Texas Bar, or contract drawn by a seller or the seller`s attorney is not considered
practicing law. - CORRECT ANSWER-certificate of registration holders, licensees, and brokers
, Compensation _______________________ will be paid to a salespersons only from their
sponsoring broker. - CORRECT ANSWER-from any source and for any reason
A(n) _____________ that commingles client money with the license holder's personal or firm's
money faces suspension or revocation of a license. - CORRECT ANSWER-licensee
____________ suspension or revocation of a license is the attempting to induce a party with a
current contract with another licensee to break that contract and make a new agreement with
the license holder as the agent. - CORRECT ANSWER-Grounds for
Real estate sales agents and brokers are ____________ for parties of a real estate transaction.
A(n) ___________ responsibility is not to divulge personal information of any party to another
party. This includes additional licensees, principals to the transaction, lenders, escrow, etc. -
CORRECT ANSWER-fiduciaries / fiduciary's
A certificate of registration allows real estate agents who live in a border town with Texas to
practice real estate in Texas. These individuals are subject to __________ requirements as a
Texas licensee. - CORRECT ANSWER-the same
Practicing law without being a member of the Texas ___________ is a criminal offense. The
Commission shall suspend or revoke the license or certificate of registration who is not a
licensed attorney yet acts or talks in such a way as to be perceived as giving legal advice or
having the authority to create legal forms. - CORRECT ANSWER-Bar
The executive director, hired by the Texas Real Estate Commission, is delegated the
responsibility of administering _____________ of licensees . - CORRECT ANSWER-penalties
The amount of an administrative penalty may not exceed __________ for a violation. Each day a
violation continues or occurs may be considered a separate violation for purposes of imposing a
