Texas State Exam ACTUAL QUESTIONS
AND CORRECT ANSWERS
Which of the following actions is a broker or licensed sales agent required to perform after
signing a listing agreement? - CORRECT ANSWER Provide the seller a legible,
signed, true, and correct copy of the listing
Ralph and Jane Smith listed their house for sale with Jackson Realty on April 15. The
termination date of the listing was specified as September 15, but the Smiths decided in July
that they no longer wished to keep their house on the market. Which of the following would
be applicable to their situation? - CORRECT ANSWER In terminating the broker's
authority and opportunity to sell the property, the Smith's may be responsible for some
expenses in terminating the listing prior to the specified date
To which agency may a person bring complaint of illegal discrimination? - CORRECT
ANSWER To the Department of Housing and Urban Development or the Texas
Commission on Human Rights
From what source may a Texas real estate sales agent legally collect compensation? -
CORRECT ANSWER From the sales agent's sponsoring broker
Brewster Realty has current agency agreements with both the sellers and a buyer. The buyer
would like to make an offer on the Sellers' property. Would this be legal? - CORRECT
ANSWER Yes, the situation is permissible if Brewster realty discloses the situation to
both parties and receives written permission from both the buyer and Sellers.
Which of the following statements is true of an exclusive-right-to-sell listing agreement? -
CORRECT ANSWER It must specify a definite termination date not subject to prior
notice
In what circumstances, if any, can a broker who is serving as an intermediary representing
both parties collect compensation from both the buyer and the seller? - CORRECT
ANSWER Only when both buyer and seller give informed consent to this arrangement
AND CORRECT ANSWERS
Which of the following actions is a broker or licensed sales agent required to perform after
signing a listing agreement? - CORRECT ANSWER Provide the seller a legible,
signed, true, and correct copy of the listing
Ralph and Jane Smith listed their house for sale with Jackson Realty on April 15. The
termination date of the listing was specified as September 15, but the Smiths decided in July
that they no longer wished to keep their house on the market. Which of the following would
be applicable to their situation? - CORRECT ANSWER In terminating the broker's
authority and opportunity to sell the property, the Smith's may be responsible for some
expenses in terminating the listing prior to the specified date
To which agency may a person bring complaint of illegal discrimination? - CORRECT
ANSWER To the Department of Housing and Urban Development or the Texas
Commission on Human Rights
From what source may a Texas real estate sales agent legally collect compensation? -
CORRECT ANSWER From the sales agent's sponsoring broker
Brewster Realty has current agency agreements with both the sellers and a buyer. The buyer
would like to make an offer on the Sellers' property. Would this be legal? - CORRECT
ANSWER Yes, the situation is permissible if Brewster realty discloses the situation to
both parties and receives written permission from both the buyer and Sellers.
Which of the following statements is true of an exclusive-right-to-sell listing agreement? -
CORRECT ANSWER It must specify a definite termination date not subject to prior
notice
In what circumstances, if any, can a broker who is serving as an intermediary representing
both parties collect compensation from both the buyer and the seller? - CORRECT
ANSWER Only when both buyer and seller give informed consent to this arrangement
