REAL ESTATE SALESPERSON STATE PREP EXAM (2) EXAM
QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED
PASS BRAND NEW 2025
What is the criminal penalty for engaging in the real estate
brokerage business in Texas without first becoming licensed by
TREC? - CORRECT ANSWER - >A fine of up to $4000 per day
An individual has successfully sued a licensee in connection
with a single transaction and won a judgment for $110,000. The
licensee has declared bankruptcy and TREC has agreed to pay
out of the recovery trust account on behalf of the licensee. How
much will TREC pay? - CORRECT ANSWER - >50,000
All of the following are true about TREC except: - CORRECT
ANSWER - >6 TREC members are public and 3 TREC members
are brokers
How many properties can an unlicensed investor sell in a year?
- CORRECT ANSWER - >Unlimited
All approved MCE classes include - CORRECT ANSWER - >6
hours of legal update required by TREC
, All of the following are true about TREC Consumer Information
Form 1-1 except - CORRECT ANSWER - >It applies to real estate
licensees and loan officers
When must a licensee notify a buyer in writing to have an
attorney's opinion of title on an abstract or an owner's title
policy? - CORRECT ANSWER - >Prior to closing on a property
A licensee in Texas can - CORRECT ANSWER - >Prepare a
contract addendum for a client
An unlicensed assistant can - CORRECT ANSWER - >Host an
open house
When telemarketing for listing in Texas a licensee must obey
the Texas "no call" list. This list regulates - CORRECT ANSWER -
>Interstate and intrastate calls
Disclosure of agency must be given - CORRECT ANSWER - >At
first substantive dialogue
A broker sponsors one associate licensee. He has a listing and a
buyer client who wants to purchase that listing. What is true? -
CORRECT ANSWER - >He can do intermediary without
appointments
A buyer has submitted an offer to purchase a seller's property
without receiving the seller's disclosure of property condition.
How many days does the buyer have to terminate the offer
QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED
PASS BRAND NEW 2025
What is the criminal penalty for engaging in the real estate
brokerage business in Texas without first becoming licensed by
TREC? - CORRECT ANSWER - >A fine of up to $4000 per day
An individual has successfully sued a licensee in connection
with a single transaction and won a judgment for $110,000. The
licensee has declared bankruptcy and TREC has agreed to pay
out of the recovery trust account on behalf of the licensee. How
much will TREC pay? - CORRECT ANSWER - >50,000
All of the following are true about TREC except: - CORRECT
ANSWER - >6 TREC members are public and 3 TREC members
are brokers
How many properties can an unlicensed investor sell in a year?
- CORRECT ANSWER - >Unlimited
All approved MCE classes include - CORRECT ANSWER - >6
hours of legal update required by TREC
, All of the following are true about TREC Consumer Information
Form 1-1 except - CORRECT ANSWER - >It applies to real estate
licensees and loan officers
When must a licensee notify a buyer in writing to have an
attorney's opinion of title on an abstract or an owner's title
policy? - CORRECT ANSWER - >Prior to closing on a property
A licensee in Texas can - CORRECT ANSWER - >Prepare a
contract addendum for a client
An unlicensed assistant can - CORRECT ANSWER - >Host an
open house
When telemarketing for listing in Texas a licensee must obey
the Texas "no call" list. This list regulates - CORRECT ANSWER -
>Interstate and intrastate calls
Disclosure of agency must be given - CORRECT ANSWER - >At
first substantive dialogue
A broker sponsors one associate licensee. He has a listing and a
buyer client who wants to purchase that listing. What is true? -
CORRECT ANSWER - >He can do intermediary without
appointments
A buyer has submitted an offer to purchase a seller's property
without receiving the seller's disclosure of property condition.
How many days does the buyer have to terminate the offer
