TEXAS REAL ESTATE COMPREHENSIVE EXAM 2025/2026
QUESTIONS AND SOLUTIONS GRADED A+
✔✔SB 489 - ✔✔senate bill 489- allows a broker to act as an intermediary in a
transaction- representing both parties
✔✔intermediary with appointment - ✔✔a broker intermediary appoints associates to
work with the parties- one associate gives advice and opinons to the buyer and one
associate gives advice and opinions to the seller- the broker can never give advice or
opinions to either party- the broker can only disclose facts
✔✔intermediary without appointments - ✔✔the broker is the intermediary an
drepresents both parties- no advice or opinions given to eithe rparty- only facts about
the property can be disclosed by the broker
✔✔information about brokerage services - ✔✔a form designed by TREC and presented
to a prospect at frist substantive dialouge- it explains or discloses how agency works-
disclosure of agence- if the TREC form is not used, any other form with TREC wording
in 10 point type can be used
✔✔disclosure of representation - ✔✔a mandatory disclosure by licensees representing
a party- must be made to all other parties or licensees at first contact
✔✔texas subagent - ✔✔a licensee representing a seller while being sponsored by a
broker other than the listing broker
✔✔seller's disclosure of property condition - ✔✔must be provided to a buyer before the
buyer makes an offer in order for the offer to be binding on the buyer
✔✔promulgated contract forms - ✔✔written by the broker-lawyer committee and
promulgated by TREC; these contract forms are for the mandatory use of licensees
✔✔mediation - ✔✔alternative dispute resolution; a mediator hears both sides and tries
to help the parties come to an agreement
✔✔arbitration - ✔✔an arbitrator hears both sides and tells both parties what to do when
mediation fails
✔✔certificated service area of utility service provider - ✔✔a location where property
owners may face a charge for turning on or connecting water and sewer services- a
disclosure must be provided to prospective buyers
✔✔reasonable amount of time - ✔✔as defined by TREC- 2 days
QUESTIONS AND SOLUTIONS GRADED A+
✔✔SB 489 - ✔✔senate bill 489- allows a broker to act as an intermediary in a
transaction- representing both parties
✔✔intermediary with appointment - ✔✔a broker intermediary appoints associates to
work with the parties- one associate gives advice and opinons to the buyer and one
associate gives advice and opinions to the seller- the broker can never give advice or
opinions to either party- the broker can only disclose facts
✔✔intermediary without appointments - ✔✔the broker is the intermediary an
drepresents both parties- no advice or opinions given to eithe rparty- only facts about
the property can be disclosed by the broker
✔✔information about brokerage services - ✔✔a form designed by TREC and presented
to a prospect at frist substantive dialouge- it explains or discloses how agency works-
disclosure of agence- if the TREC form is not used, any other form with TREC wording
in 10 point type can be used
✔✔disclosure of representation - ✔✔a mandatory disclosure by licensees representing
a party- must be made to all other parties or licensees at first contact
✔✔texas subagent - ✔✔a licensee representing a seller while being sponsored by a
broker other than the listing broker
✔✔seller's disclosure of property condition - ✔✔must be provided to a buyer before the
buyer makes an offer in order for the offer to be binding on the buyer
✔✔promulgated contract forms - ✔✔written by the broker-lawyer committee and
promulgated by TREC; these contract forms are for the mandatory use of licensees
✔✔mediation - ✔✔alternative dispute resolution; a mediator hears both sides and tries
to help the parties come to an agreement
✔✔arbitration - ✔✔an arbitrator hears both sides and tells both parties what to do when
mediation fails
✔✔certificated service area of utility service provider - ✔✔a location where property
owners may face a charge for turning on or connecting water and sewer services- a
disclosure must be provided to prospective buyers
✔✔reasonable amount of time - ✔✔as defined by TREC- 2 days
