REAL ESTATE TEST 1, REAL ESTATE TEST 2, REAL ESTATE TEST 3, REAL ESTATE STUDY QUESTIONS WITH CORRECT ANSWERS

REAL ESTATE TEST 1, REAL ESTATE TEST 2, REAL ESTATE TEST 3, REAL ESTATE STUDY QUESTIONS WITH CORRECT ANSWERS “Under TREC regulations, the prohibition of referral fees and rebates without prior approval from the client does NOT apply to which of the following? - CORRECT ANSWER Compensation from settlement companies" "Which of the following is a unilateral contract? - CORRECT ANSWER Elvira paid Desmond $1,000 to give her two weeks to decide if she will buy his home at their agreed price." "A business entity may not act as a broker unless: - CORRECT ANSWER The entity's designated broker is a licensed individual broker in active status and on record as in good standing." "Desmond's property was assessed at $295,000, appraised at $315,000, listed at $329,000 and sold for $319,000. What is the market price of Desmond's home? - CORRECT ANSWER $319,900" "The Texas information About Brokerage Service (ABS) is best described by which of these options? - CORRECT ANSWER A mandatory form that contains a full disclosure of the actual representation agreement and is only intended for use with active clients." "A real estate license owes ALL parties at least the minimum duties of which of these following sets of choices? - CORRECT ANSWER Fair dealing and honestly, loyalty, confidentiality and obedience." "Which of the following is NOT an acceptable advertisement for a rental property under fair housing laws? - CORRECT ANSWER Quiet community for single professionals with strong English language skills." "To be enforceable, a liquidated damages statement in a sales contract must do which of these? - CORRECT ANSWER Clearly state the exact nature of damages for which the liquidated damages would be appropriate." "A party who has paid for the option to purchase a home by a set time and a set price has what further obligation in the contract? - CORRECT ANSWER Purchase the property by he agreed time and at the agreed price." "Seraphina is buying a new home for $354,000. She has already put 20% down and owes the balance, plus the $400 escrow fee, five months of the annual $3600 annual property taxes and $900 annual insurance premium, as well as one week of the $280 utility bills for the month. How much does she need to bring to the closing? - CORRECT ANSWER $286,100" "Which of these lists accurately describes the economic characteristics of land? - CORRECT ANSWER immobility, indestructibility, nonhomogeneity" "Which of these is a legal method for terminating a contract agreement? - CORRECT ANSWER Rescission and restitution" "Which of these lists BEST describes the various forms of "wetlands" found in Texas? - CORRECT ANSWER cat tails and standing water tidal, salt marshes along the coast seasonal prairie wetlands in the valleys, mossy ferns in the hills and mountains" "What is required for a broker to "specialize" in a specific type of real estate or real estate transaction in Texas? - CORRECT ANSWER No special certification is required, but the broker must be trained and competent in the area in which they hold themselves out to be a "specialist"" "______________zoning regulations are regulations that restrict the density in a targeted area through a variety of building-specific measures, including such concepts as floor-area-ratios (FAR), setback requirements, and open space requirements. - CORRECT ANSWER Bulk" "In which of these situations is it most likely that a buyer holds an "equitable title" to the property, but not actual title? - CORRECT ANSWER In an owner-financed land sale contract" "A client wants to purchase 160 acres in Township x's SW section. Which of the following descriptions would fit their interest best? - CORRECT ANSWER The SW 1/4 of the NE of Section 35" "Desmond performed a comparative market analysis (CMA) for Seraphina using three homes sold within the previous few weeks all of which were very closely comparable to Seraphina's (the subject property"). comp A is 2750 sq. ft. and sold or $275,000; Comp B is 2550 sq ft and sold for $269,000 sq ft. selling for $287,500. Based on the price sq. ft. of these sales, what is the recommended starting listing price for Seraphins 2800 sq. ft. home? (Choose most appropriate range) - CORRECT ANSWER $280,000 -$290,000." "Angelina owns numerous properties that she sells, rents, and leases. Which of the following agreements would NOT be required to be in writing under the Statute of Frauds - CORRECT ANSWER Has mad an offer to purchase to which Angelina has agreed." "The Comprehensive Environmental Response. Compensation, and Liability Act which passed in 1980 is otherwise known as CERCLA or which of the following? - CORRECT ANSWER Clean up fund" "The Texas "Bootstrap" Loan program requires that all Owner Builders provide of the labor necessary to build or rehabilitate their housing by working with a State-certified Nonprofit Owner Builder Housing Provider (NOHP) - CORRECT ANSWER A minimum of 65%" "A contractor just completed a $27,500 remodel of a kitchen and wants to ensure that they get paid, so their best option to ensure payment is which of the following? - CORRECT ANSWER Mechanic lien" "Which of the following situations is most likely to lead to the use of broker as an intermediary? - CORRECT ANSWER A prospective buyer attended an open house for one of Diogenese Realty's listings and requested that the Realty assist them in making an offer on the home" "The commission may not adopt a rule restricting advertising or competitive bidding by a person regulated by the commission except for which of the following reasons? - CORRECT ANSWER To prohibit a false, misleading, or deceptive practice" "The three areas of ownership off rights in real property is best described by which of these lists of property rights? - CORRECT ANSWER Air, ground, and underground" "Elvira is the legal guardian for Armand, a 17 year-old who inherited a home from his late aunt. The home was valued at $475,000, but Elvira sold it for $495,000 and kept all the proceeds in accounts owned by Armand. The buyer learned of Armand's age and tried to invalidate the sale. What are Armand's options, if any? - CORRECT ANSWER The contract is valid as is because it was made by a legal guardian." "Under the recently amended Texas code, a person selling or offering to sell an option or assigning an interest in a contract to purchase real property is engaged in brokerage under which of the following circumstances? - CORRECT ANSWER ?The do not have the appropriate real estate certification in the area." "In an open listing, the commission goes to the broker who produces - CORRECT ANSWER A ready, willing, and able buyer" "In the process of negotiation an employment buyer's representation, or listing agreement, who does the licensee represent until the agreement is signed? - CORRECT ANSWER Them self or their brokerage" "The Commission will remove a broker's license from inactive status if the broker - CORRECT ANSWER Does not act as a sponsoring broker for six months pays the required fee and submits an application.." "A borrower is most likely to encounter "abusive" prepayment penalties in which of these types of loans? - CORRECT ANSWER Subprime loans" "What kind of timeline does a "periodic" tenancy generally follow? - CORRECT ANSWER Whatever is determined by the parties." "Economic obsolescence generally is the result of which of these? - CORRECT ANSWER External factors" "Property managers/management companies must keep records how long after the transaction for which the record was made is terminated? - CORRECT ANSWER 3 years" "Desmond of Diogenes Realty has a signed buyer's representation agreement with Seraphina. To which parties described here does he owe disclosure of the fact that he represents Seraphina? - CORRECT ANSWER The seller's agent" "Which of the following lists represents the duties property performed by an unlicensed assistant? - CORRECT ANSWER Scheduling appointments, filing and maintaining records, placing signs and other similar forms of advertising" "Desmond is selling a two-story home that is 30 feet deep with parallel front and back walls of 60 feet. On the ground floor only, there are extensions on both ends forming triangles off the 30' ends with a 15' length at the center. How many feet can Desmond accurately state that this home provides? A) 4,050 B) 3,900 C) 4,500 D) 3,600 - CORRECT ANSWER A" "A listing agent's primary duties in the seller's disclosures is which of the following? A) To assist in the completion of the seller's disclosure, ensure that all filled in, and sign off on the disclosure with the seller B) To guide the seller through the disclosure, directing them in which sections to leave blank, and ensure that they reveal no damaging information C) Be certain the seller performs the disclosure, that they do it honestly, and that they know what types of information needs to be disclosed D) To perform the disclosure, make a complete disclosure to the seller of what is being disclosed, and get the seller's sign off on the disclosure - CORRECT ANSWER C" "An important effect of a counteroffer to remember is that it not only modifies the terms of the previous offer/counteroffer, it also does which of the following? A) Prohibits additional counteroffers B) Automatically kicks in a back-up offer C) Resurrects the previous counteroffer if rejected D) Rejects the previous offer/counteroffer - CORRECT ANSWER D" "In Texas, the home loan borrower holds which of the following? A) Virtual title B) Actual title C) A lien on the property D) Equitable title - CORRECT ANSWER B" "Select the BEST option describing circumstances under which a real estate agent is exempted from certain telephone solicitations? A) The call is generated by an automated system; the transaction will not require a face-to-face meeting to make payment; and the consumer has not previously informed the caller that they don't want to sell B) The call is generated by an automated system; the transaction will not require a face-to-face meeting to complete and make payment; and the consumer has previously informed the caller that they don't want to receive sales calls from the caller C) The call is not generated by an automated system; the transaction will require more than one face-to-face meeting to reach an agreement; and the consumer has not previously informed the caller that they don't want to sell their home D) The call is not generated by an automated system; the transaction will require a face-to-face meeting to co - CORRECT ANSWER D" "Which of these groups of "ratios" BEST describes those that the FHA is concerned with when determining an individual's eligibility for an FHA-insured loan? A) Loan-to-Debt, Debt-to-Household Expense, and Loan Value to Income B) Loan-to-Value, Debt-to-Expenses, and Household Income to Value C) Loan-to-Debt, Debt-to-Income, and Household Income to Expense D) Loan-to-Value, Debt-to-Income, and Household Expense to Income - CORRECT ANSWER D" "Predatory lending is BEST described by which of the following? A) Misleading or fraudulent practices by a real estate employee when referring another real estate employee to a lender B) Redlining and other fraudulent practices by a borrower when soliciting or providing a loan to a consumer C) Unfair, deceptive, or fraudulent practices by a lender when soliciting or providing a loan to a consumer D) Misleading or aggressive practices by a lender when soliciting or providing a loan with offers of rebates and lower interest rates - CORRECT ANSWER C" "Regulation Z implements which of these critical pieces of federal legislation? A) Real Estate Settlement Procedures Act B) Fair Credit Reporting Act C) Fair Housing Act D) Truth in Lending Act - CORRECT ANSWER D" "The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) is better known as the environmental _ A) safe fund B) superfund C) environmental protection act D) federal fair housing law - CORRECT ANSWER B" "Which of the Subchapters of Texas Occupation Code Chapter 1101 provide specifically for Prohibited Practices and Disciplinary Proceedings? A) Subchapter O B) Subchapter N C) Subchapter M D) Subchapter P - CORRECT ANSWER B" "Elvira is looking to buy retail space for investment purposes. Her agent found a small mall space for $2.55 million that earns $175,000 annually. What is the capitalization rate for the property. A) 6.5 B) 7.2 C) 6.8 D) 7 - CORRECT ANSWER C" "Consummation of a loan takes place at which of the following points? A) That closing has been completed and possession has formally changed hands B) That the real property sales transaction becomes final C) That the borrower becomes obligated to the lender for the loan D) That both parties have signed the offer and been notified of the other's signing - CORRECT ANSWER C" "Desmond is acting as property manager for Seraphina. Their property management agreement states that all security deposits will be help in trust by Seraphina and Desmond will not be responsible for them. However, Desmond still receives the deposits initially. Unless otherwise stated by the property management agreement, when must Desmond transmit the deposits to Seraphina? A) By the end of the month in which the deposit was received B) By the end of the week in which the deposit was received C) Within 10 days of receiving from the tenant D) Within 3 business days of receiving the deposits from the tenant - CORRECT ANSWER A" "Disadvantages for the seller in an owner/seller financing situation include which of these? A) Can retain control and title of the property B) Receipt of proceeds is spread out over the length of the contract C) Buyer may be difficult to qualify with a lender D) Repossession of the property due to default is more difficult - CORRECT ANSWER B" "Gaps and gores are indicators of which of the following? A) Land targeted by the local jurisdiction as strong candidates for eminent domain claims by the jurisdiction B) Land targeted by the local jurisdiction as protected from any eminent domain claims by the jursdiction C) Unintentional spaces left between properties D) Intentional spaces left between property - CORRECT ANSWER C" "Which of the following financing methods is most likely to include a prepayment penalty? A) A conventional loan B) A government-insured loan C) A subprime loan D) A seller-financed sale (loan) - CORRECT ANSWER A" "What document can be used to detail the rights and privileges of the title holder besides a deed? A) purchase and sales agreement B) Promissory note C) Mortgage D) Bill of Sale - CORRECT ANSWER D" "Which of the following is NOT an encumbrance on real property? A) A first mortgage B) An easement C) A mechanic's lien D) A license - CORRECT ANSWER A" "Brokerages need to set their own commission rated and fee rates independent of any other brokerages as a risk management protection from which of these antitrust violations? A) Price-fixing B) Boycotting C) Monopolies D) Product-tying - CORRECT ANSWER A" "Which of the following selections most likely would be considered to be a material factor to a buyer who is clear that gardening is their passion, they intend to run a boutique nursery, and rely on public transportation for most of their local travel? A) The nearest bus stop is two blocks away B) There is a competing nursery in the retail center a mile away C) There is no built-in sprinkler system in the yard D) Home businesses are prohibited in this community - CORRECT ANSWER D" "The four "common unities" of a joint tenancy are which of these combinations? A) Time, equitable, interest, title, and enjoyment B) Title, time, interest, and possession C) Time, common interest, claim of right, and possession D) Title, cost, interest, and principal - CORRECT ANSWER B" "The method of valuation sometimes referred to as appraisal by summation, which bases the value estimate off of the cost required to replace the property with a new one, is better known as the: A) Market comparison approach B) Income approach C) Comparative Sale Approach D) Cost Approach - CORRECT ANSWER D" "What agency duties are owed by the sales agent to their supervising broker? A) All fiduciary duties unless in conflict with a client's best interest B) Standard fiduciary duties owed by an agent to a principal C) All non-fiduciary duties owed to all parties, plus the duties of loyalty and obedience D) Non-fiduciary duties owed by an agent to all parties - CORRECT ANSWER B" "If the commission proposes to deny, suspend, or revoke a person's license or certificate of registration, the person is entitle to a hearing conducted by which of these agencies? A) The Texas Real Estate Commission (TREC) B) The Texas Association of Realtors C) The State Office of Administrative Hearings D) The Dept. of Housing and Development (HUD) - CORRECT ANSWER C" "In which of the following situations is an "alienation clause" most likely to be enforceable? A) Desmond passes away and his property is devised to his children B) Desmond and Seraphina get a divorce and the home goes to Seraphina C) Desmond assigns ownership of his home and attendant mortgage to his cousin, Armand D) Desmond assigns the ownership to a living trust in which he is the beneficiary - CORRECT ANSWER B" "A third party may have an interest in real property without ever having an opportunity to enjoy it under which of these circumstances? A) They hold a remainder interest in property, but predecease the party possessing the property B) There is a reversionary interest and the current possessor of the property passes away C) The current holder has a fee defeasible with condition subsequent interest and passes away prior to the condition being fulfilled D) The current holder has a fee defeasible with condition subsequent and the condition is fulfilled - CORRECT ANSWER A" "Buyer Desmond and Seller Elvira are calculating the prorated costs in their sale. The closing date is April 10. Elvira has already paid annual taxes of $4800, an annual insurance premium of $800; no April utilities which are $150; and they have agreed to split the $500 escrow fee. How much will each cover in these prorated costs that have not already been paid? A) Desmond will pay $4296 in the prorated costs; while Elvira pays $297 B) Desmond will pay $2496 in the prorated costs; while Elvira pays $279 C) Desmond will pay $4926 in the prorated costs; while Elvira pays $297 D) Desmond will pay $4692 in the prorated costs; while Elvira pays $279 - CORRECT ANSWER A" "Desmond was the listing agent for a home sold for $650,000. The listing agency received 3% for their commission and the buyer received 2%. Desmond must split his commission 75/25 in his favor. How much commission did Desmond earn on this sale? A) $13,000 B) $9,750 C) $19,500 D) $14,625 - CORRECT ANSWER D" "Seraphina made an offer to Armand to buy his home. He agreed but said he wanted a shorter clsoing period, but otherwise agreed. What action did Armand take? A) Novation B) Modification C) Counteroffer D) Amendment - CORRECT ANSWER C" "The gross income multiplier is a property valuation method that looks at values as a multiple of which of these? A) The income generated by a property in a quarter (3 months) B) The income generated by a property in a year C) The income generated by a property in a week D) The income generated by a property in a month - CORRECT ANSWER B" "Which of the following actions does NOT call for immediate cancellation of a licensee's listing on the MLS? A) At closing of sale of the home B) At the point the parties mutually consent to terminate the listing agreement C) At the expiration date of the listing D) A client's notice of intent not to renew a listing agreement - CORRECT ANSWER D" "Section 535.146 Chapter N of the Texas Administrative Code deals specifically with which of the following? A) Trust money and trust accounts B) Advertising real property C) Changing sponsoring brokers D) Fair housing practices - CORRECT ANSWER A" "The only acceptable method in Texas for representing both sides of a transaction is which of these forms of representation? A) Disclosed dual agency B) Intermediary brokerage C) Undisclosed dual agency D) Statutory dual agency - CORRECT ANSWER B" "A business entity may not act as a broker unless: A) The entity's designated broker is a licensed individual broker in active status and good standing according to the commission's records B) An unlicensed representative of the entity sits for, and successfully completed, the license examination C) A representative of the entity has attended the required training courses D) The entity has received an exemption waiver from the Commission - CORRECT ANSWER A" "Which of the following scenarios most likely results in an unenforceable contract? A) Seraphina gave Desmond a $10,000 deposit to purchase a specific home in Desmond's development, but was under a court order guardianship to manage her finances at the time B) Desmond sold Seraphina a used car unaware that she was only 17 at the time. Seraphina made her payments on time then paid off the loan on her 18th birthday C) Seraphina gave Desmond a $10,000 deposit to purchase one of the homes in Desmond's development, but which home would be purchase was never specified D) Desmond agreed to a six-month lease for a rental space owned by Seraphina, but nothing was ever put into writing - CORRECT ANSWER A" "Which of the following information known to a seller would the seller be obligated to disclose in Texas? A) A death on a property caused by some feature or natural condition of the property B) A death on the property caused by negligent or reckless actions taken by the deceased party C) A death of a previous resident from AIDS?HIV-related issues D) A suicide that took place on the property - CORRECT ANSWER A" "Which of these practices engenders the most common threat to venturing into the unauthorized practice of law for a real estate licensee? A) negotiating the price for a client B) writing their own or altering contracts C) explaining agency relationships to a client D) making minor handwritten notes signed and initialed by all parties - CORRECT ANSWER B" "The _ is a consumer protection act passed by Congress to keep shady land dealers from preying on potential home buyers A) Interestate land sales full disclosure act B) Sherman Antitrust Act C) TILA-RESPA Act D) Federal Trade Commission Section 5 - CORRECT ANSWER A" "Under which of the following conditions is a landlord allowed to discriminate against a family with children who qualify in all other ways? A) When the rest of the complex is populated by mostly quiet, single, professionals B) When the housing is recognized by HUD as senior housing C) When the number of family members equal the maximum occupancy D) When the other residents object and threaten to move because of the potential noise and inconvenience of children - CORRECT ANSWER B" ""Subjective value" of a property is BEST summarized by which of these sets of criteria? A) Based on location issues such as proximity of schools, proximity of retail and services, and access to utilities B) Based on convenience issues such as number of bedrooms, proximity of schools, and utility access C) Based on personal feelings, taste, and/or opinions D) Based on physical characteristics such as number of bedrooms, size of property, number of bathrooms - CORRECT ANSWER C" "As a rule of thumb, in general, a property manager will be compensated with some fees and stipends for new tenants, and a percentage of rent in which of these ranges? A) 12% to 18% B) 1% to 6% C) 6% to 12% D) 9% to 15% - CORRECT ANSWER C" "When a contract agreement does not include "time is of the essence" clause, how is timing treated by the courts? A) If a contract is silent on the time for performance of work, the courts will assume a maximum 7 days for performance once either party has objected to the delay B) If a contract is silent on the time for performance of work, the courts will assume a maximum 7 days for performance of any obligation C) If a contract is silent on the time for performance of work, the courts will assume a maximum 14 days for performance of any obligation D) If a contract is silent on the time for performance of work, the courts will infer a reasonable time for performance - CORRECT ANSWER D" "A licensee has how may days from the date of a final conviction or plea of guilty or nolo contendere to a felony or criminal offense involving fraud to report this to the Texas Real Estate Commission? A) 30 B) 20 C) 15 D) 10 - CORRECT ANSWER A" "Amendments to the Fair Housing Act in 1974 and 1988 added which of these categories to the protected classes? A) Race, sex, age B) Sex, sexual orientation, religion C) Race, physical and mental disabilities, source of income D) Sex, physical and mental disabilities, familial status - CORRECT ANSWER D" "Armand put down $3500 in earnest money on Serphina's home, spent $300 on an inspection, and paid $35 application for a credit check, but later backed out of the deal. How much money is there as potential liquidated damages? A) $1750 B) $3500 C) None of these D) $3115 - CORRECT ANSWER B" "Tyler was renting an apartment from Priya on a month-to-month rental agreement with payment due on the first of each month. On the 15th of the month, Tyler gives his notice of intent to terminate the agreement on the last day of that month (30th). Under Texas law, with no other agreement between the parties, what day does the agreement actually terminate? A) The 15th (day of notice) B) The 30th (per Tyler's notice) C) The 16th of the next month D) The 30th of the following month - CORRECT ANSWER C" "Improvements to property are considered to be which of the economic characteristics of land? A) Scarcity B) Fixity C) Modifications D) Situs - CORRECT ANSWER C" "Which of these sets of activities represents activities that are appropriate for unlicensed assistants to perform? A) Scheduling appointments for closing; signing listing agreements; placing signs, billboards, websites and other similar form of advertising; running open houses B) Scheduling appointments; filling and maintaining records; placing signs and other similar forms of advertising C) Scheduling appointments for and showing properties; creating and approving advertising; running open houses; overseeing MLS listings D) Scheduling appointments; handling closings; placing signs and other similar forms of advertising; running specials and rebate offers - CORRECT ANSWER B" "Which of these sets of items BEST reflects changes made to the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) by the 1986 Superfund Amendment and Reauthorization Act (SARA)? A) encouraging more citizen participation; move authority to override state laws; increased local jurisdiction roles; diminished priority of health issues; reduced funds B) increased priority of health issues; better coordination with other laws; less authority and fewer options; decreased state roles; encouraging more citizen participation; reduced funds C) added authority and settlement options; increased federal role; increased priority of economic impact; encouraging more small business owner participation; more staff D) better coordination with other laws; added authority and settlement options; increased state roles; increased priority of health issues; encouraging more citizen participation; more money - CORRECT ANSWER D" "Select the set pf "characteristics" best describing the economic characteristics of land. A) Scarcity, stitus, fixity, modification B) scarcity, indestructibility, stitus, immobility C) nonhomogeneity, scarcity, immobility, modification D) nonhomogeneity, indestructibility, immobility - CORRECT ANSWER A" "Select the list that most clearly represents only voluntary forms of "alienation" of property A) escheat, inheritance, gift B) escheat, foreclosure, gift C) sale, condemnation, foreclosure D) sale, gift, inheritance - CORRECT ANSWER D" "One major advantage for a property manager to cultivate a relationship with a single property maintenance crew is which of the following? A) Workers familiar with the property may be more flexible in negotiating their rates and overlooking other problems B) Workers with whom you are familiar are easier to discipline and give frequent directions, and otherwise control their actions C) Workers you know are always better than the workers you don't know D) Workers familiar with the property will be better prepared to spot existing problems and suggest potential improvements in a proactive manner - CORRECT ANSWER D" "In addition to a Certificate of Eligibility, what are the other two primary considerations for a Veterans Administration home loan guarantee? A) Credit score over 550 and a job B) Sufficient credit and adequate income C) Personal references and an honorable discharge D) Adequate credit score and strong rental history - CORRECT ANSWER B" "In most circumstances, violations of lead-based disclosures by a seller and their agent could only result in which of the following? A) Permanent loss of license B) Cancellation of sale C) Jail time D) Criminal and civil penalties - CORRECT ANSWER D" "Which of these would not be a legitimate form of covenant, condition, or restriction (CCR)? A) Whether there can be a home-based business B) What colors and landscaping can be used C) Where and how to park Rvs and other wehicles D) Who is allowed to live there - CORRECT ANSWER D" "Select the executed contract from the following choices A) Elmer and Desmond have a year-long lease on a commercial property that has one more month and one more payment to go, with no talk so far of renewal B) Seraphina just made the final payment on her land contract with Armando, who immediately conveyed and delivered title to her and Seraphina recored it with the county C) Tyler rented an apartment to Priya on a month to month basis which they have renewd monthly for more than two years when Priya announced that she will be terminating the agreement at the three year mark D) Ashton offered Soo $450,000 for her home to close in 90 days which Soo agreed to, but returned the offer to Ashton with a 120-day closing - CORRECT ANSWER B" "Under Article 3 of the National Association of Realtors Code of Ethics, what is the exception to the requirement to work cooperatively with other brokers? A) When instructed by a sponsoring broker to be uncooperative B) When the other broker does not appear to be cooperating C) When it is not in the best interests of the client D) When the procuring cause for claiming a commission may be at risk - CORRECT ANSWER C" "The buyer-broker agreement generally will charge the broker with which of the following sets of duties? A) Find properties fitting the buyer's criteria; review paperwork; prepare purchase offers; conduct visual inspection of buyer's prospective properties B) Cooperate with the broker; consider each home that is presented, read any and all important documents C) Visually inspect properties, cooperate with the broker; review paperwork, read any and all important documents D) Find properties fitting the buyer's criteria; consider each home presented; prepare purchase offers; conduct professional inspection of buyer's prospective properties - CORRECT ANSWER A" "Market value is the estimated price for which a property will sell and market price is which of these? A) The value on which property taxes are based B) The value based on square footage of comparables recently sold in the immediate vicinity C) The broker's price opinion estimated worth D) The actual selling price of the property - CORRECT ANSWER D" "Seraphina purchased a home for $325,000 in 2010. She put down 10% and borrowed the balance to cover the cost. She has paid off 30% of the mortgage loan and the home has increased 22% in value from the time that she bought it. Was is her current equity in the home? A) $191,750 B) $118,950 C) $224,250 D) $277,550 - CORRECT ANSWER A" "Which of the following lists best describes the most common forms of terminating agency relationships? A) Completion, rescission, judicial intervention, acts of the parties B) Consummation, expiration, violation of law, acts of third parties C) Consummation, rescission, operation of law, acts of third parties D) Completion, expiration, operation of law, acts of the parties - CORRECT ANSWER D" "Texas is a lien theory state which means that in a real property transaction, which of the following is true? A) Actual and equitable title is held by a third-party trustee B) The borrower holds actual title and the lender has a lien against the real property C) The borrower holds actual title; a third party trustee holds a lien, and the lender holds equitable title on the real property D) The borrower holds equitable title only; a third-party trustee holds actual title, and the lender holds a lien on the real property - CORRECT ANSWER B" "Which of these lists best represents acceptable reasons for suspending or revoking a real estate license? When a licensee: A) Engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act; practices puffery in advertising; acts in error; demonstrates unorthodox methods B) Unintentionally publishes incorrect listing location; acts in bad faith; demonstrates uncooperativeness; fails to successfully market and sell a listing C) Engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act; makes a misrepresentation; acts in bad faith; demonstrates untrustworthiness D)Unintentionally republishes a misrepresentation; acts in blind faith; demonstrates untrustworthiness; fails to successfully market and sell a listing - CORRECT ANSWER C" "Under the Texas fair housing laws, an aggrieved consumer who believes that they have been a victim of illegal discrimination has several avenues of complaint, and must do which of the following? A) Must file any complaint with all of the potential governing agencies B) File their complaint within one year of the date that the alleged discriminatory action took place C) Complain to the Texas and National Associations of Realtors D) Report it to the local police department - CORRECT ANSWER B" "Which of the following agreements most likely would not be a voidable contract? A) Desmond agrees to provide an essential life service, such as an apartment, to emancipated 17-year-old Elvira B) Armand, although under a court-appointed guardianship, agreed to buy a car from 30-year-old Elvira C) Desmond agrees to sell his car to 17-year-old Elvira D) Desmond sells a duplex to Seraphina who was under a temporary court-enforced guardianship - CORRECT ANSWER A" "A broker is responsible for any reasonable actions taken by their supervised licensees, even if in error, through which of these concepts? A) General liability B) Vicarious liability C) Limited liabiliry D) Strict liability - CORRECT ANSWER B" "Owner was forced to sell their property to pay off liens (in order of priority) of $250,000, $32,500, $125,000 and $5,450. The property sold for $410,00. How much did each creditor receive? A) $248,250, $32,274.5, $124,125, $5411 B) $250,000, $32,500, $125,000, $5,450 C) $250,000, $32,500, $125,000, $2,500 D) $215,000, $32,200, $120,000, $4,500 - CORRECT ANSWER C" "A salesperson may require, sign, and present a broker price opinion or comparative market analysis for the salesperson's sponsoring broker, but the salesperson must do which of the following? A) Provide proof that their sponsoring broker supervised the entire process, step by step B) Show that they have previously preformed broker price opinions of comparative market analyses that have been used and validated by licensed appraisers C) Complete three hours of continuing education on preparation of broker price opinions and comparative market analyses D) Submit the broker price opinion or comparative market analysis in the broker's name and the broker is responsible for it - CORRECT ANSWER D" "A person who gives or accepts any portion, split, or percentage of a charge for real estate settlement services is in violation of RESPA regulation in any case except in which of these circumstances? A) The buying client provides their written approval B) Actual services are provided C) Both buyer and seller provide written approval D) The selling client gives their written approval - CORRECT ANSWER C" "Which of these lists of natural resources best describes those subject to local subsurface rights? A) Gas, soil, and minerals B) Oil, water, and minerals C) Oil, gas, and minerals D) Gas, oil, and effuvium - CORRECT ANSWER C" "Which of the following actions would be within the real estate licensee's authorized activities? A) Inserting numerous material handwritten modifications to a contract initialed and dated by all parties B) Appearing as an expert witness on matters of real estate sales procedures and protocols C) Providing review services for abstracts of title approval D) Downloading a standardized contract form, then reordering and adding material sections to the contract - CORRECT ANSWER A" "_ is the type of description most often employed in metropolitan and suburban areas where there is high density housing, also is referred to as the recorded plat survey system, subdivision-lot system, lot and block, platted descriptions, or the recorded map survey system. A) Comprehensive master plan B) Government survey system C) Recorded Subdivision Plat D) Besting the bounds - CORRECT ANSWER C" "What kind of clause can a party use to keep the other side true to the deadlines in a sales agreement? A) Acceleration B) Emergency C) Severance D) Time is of the essence - CORRECT ANSWER D" "An active contact for deed (or land sales contract), which provides that the buyer will receive the title after making payments over a period of years, is a classic example of which form of contract? A) Unilateral B) Executed C) Voidable D) Executory - CORRECT ANSWER D" "The primary duty for a broker responsible for the acts of their supervised licensees is to do which of these? A) Review all documents, emails, messages, and any other communications with customer or clients B) Ensure that the sales agents attend all required continuing education requirements and keep their license current C) Notify a sponsored salesperson in writing of the scope of the salesperson's authorized activities under the Act (TRELA) D) Supervise the sales agent closely with daily contract and close oversight of all of the sales agent's activities - CORRECT ANSWER C" "The TREC-approved promulgated forms initially are developed by which of the following groups? A) The NAR Code of Ethics Committee B) The state legislature of Texas C) The Broker-Lawyer Committee D) The commissioners - CORRECT ANSWER C" "Which of these things is not a function of an exclusive right-to-sell agreement? A) Guaranteeing the listing agent a commission in the event of a successful sale B) Preventing the seller from finding their own buyer and paying no commissions C) Allowing the listing agent to price the property as though it was a net listing D) Providing agents who are members of the multiple listing service that the property is posted on, along with how much commission is being offered - CORRECT ANSWER C" "The three-hour Texas Association of Realtors (TAR) Residential and Leasing Property Management Agreement course is required as part of which of the following? A) Texas real estate salesperson licensing B) Texas Residential Property Manager certification C) Texas real estate broker licensing D) Texas Residential Leasing Specialist certification - CORRECT ANSWER B" "An individual who owns a property "in severalty" most likely holds which of these forms of ownership? A) Fee simple defeasible B) Joint tenancy C) Tenancy in common D) Fee simple absolute - CORRECT ANSWER D" "Which of the following examples is the most likely to be a unilateral contract agreement? A) Elmer gave Seraphina $1000 so that she would not sell her property for 30 days, giving Elmer the option to purchase it at their agreed price before the 30 days are up B) Seraphina agrees to sell her property to Elmer must provide proof that he can afford the deal C) Elmer has a life estate on Seraphina's property, but when Elmer passes on the property reverts to Seraphina if she is still alive, or a "remainderperson" to be names by Seraphina in her will D) Elmer has a signed agreement with Seraphina to purchase her home, but first it must past inspections - CORRECT ANSWER A" "The mission of the Texas Mold Assessment and Remediation Rules (TMARR) program is to: A) To ensure the persons conducting mold assessment and remediation services in Texas are property trained and licensed and are following at least the minimum standards B) To educate and assist all homeowners in identifying and eliminating any mold issues through do-it-yourself methods C) To eliminate all mold issues, particularly those in the coastal waterway system D) To provide an online clearinghouse resource for identifying mold types and targeting communities in greatest need for the state's mold elimination initative - CORRECT ANSWER A" "The party referred to as the "testator" in a will is which of the following? A) Party making the will B) Attorney assisting in the making of the will C) Party receiving benefits from the will D) Party selected to administrate the will - CORRECT ANSWER A" "Select the physical characteristic of land concept that is described as generally no two pieces of land are identical. A) Immobility B) Indestuctibility C) Nonhomogeneity D) Modification - CORRECT ANSWER C" "Which of the following is not a potential cloud on a title? A) A license B) An ex-spouse's claim of ownership C) An easement D) A lien - CORRECT ANSWER A" "The primary function in the real estate industry of the secondary mortgage market is which of the following? A) Insuring loans in the primary mortgage market B) Funding of non-conventional loans with private mortgage insurance C) The trading of mortgage-backed securities (MBSs) D) Providing funds for second mortgages on privately owned single family dwellings - CORRECT ANSWER C" "At a 90% loan-to-value, how much of a down payment would be required for a home selling at its appraised value of $400,000? A) $40,000 B) $80,000 C) $4,000 D) $20,000 - CORRECT ANSWER A" "Under Texas Administrative Code regulations, which of these lists best summarizes the Code's description of "deceptive or misleading advertising" is best described by which of the following? A) Inaccurate in an immaterial fact or misrepresents certain property, terms, values, services, or policies; advertising a property subject to an open listing agreement without proper permission; failing to remove an advertisement about a listed property within 30 days of closing or termination of a listing agreement; or that creates a reasonable likelihood of confusion regarding the local zoning rules B) Inaccurate in a material fact or misrepresents certain property, terms, values, services, or policies; advertising a property subject to an exclusive listing agreement with proper permission; failing to remove an advertisement about a listed property within a reasonable time of closing or termination of a listing agreement; or t - CORRECT ANSWER D" "The Americans with Disabilities Act of 1990 vastly increased the scope of what previous federal legislative protective act? A) Title IX of the Civil Rights Act of 1964 B) Section 504 of the Rehabilitation Act of 1973 C) The Equal Credit Opportunity Act (ECOA) D) Executive Order 11246 of 1965 (by President Lyndon Johnson) - CORRECT ANSWER B" "In an open listing, what is the primary determining factor of who receives a commission? A) Broker's choice B) Client's choice C) Procuring cause D) Proximate cause - CORRECT ANSWER C" "A primary difference between an estate for years and a periodic tenancy is: A) Estates for years usually include a reversionary clause whereas periodic tenancies can be conveyed by will B) Periodic tenancies generally renew automatically while estates for years end on a specific date and require action to be renewed C) Estates for years generally convey a larger set of the "bundle of rights" than periodic tenancies D) Estates for years tend to apply to longer term agreements, while periodic tenancies are much more limited - CORRECT ANSWER B" "A licensee is required to deal with all the parties to a transaction in a(n): A) Zealous and confidential manner B) Honest and fair manner C) Honest and obedient fashion D) Obedient and loyal fashion - CORRECT ANSWER B" "Select the most complete set of action or items required to form a valid contract. A) Acceptance; consideration; legal intent; legal purpose B) Offer and acceptance; consideration; functional capacity; legal intent C) Offer and acceptance; communication; legal capacity; an agreed purpose D) Offer and acceptance; consideration; legal capacity; legal purpose - CORRECT ANSWER D" "Severance has several meanings in real estate. In terms of real and personal property ownership rights, it means which of the following? A) The right of a divorcing couple to physically divide their homestead property B) The right to withdraw a property from a homeowners association C) The right to subdivide and sell homestead property without a zoning commission approval process D) The cutting and removal of anything attached to the land, such as timber or crops - CORRECT ANSWER D" "The only acceptable method in Texas for representing both sides of a transaction is which of these forms of representation? A) Undisclosed dual agency B) Intermediary brokerage C) Statutory dual agency D) Disclosed dual agency - CORRECT ANSWER B" "_ damages consist of an amount of money agreed upon by the parties as being fair compensation to the innocent party if a breach of contract occurs. A) Liquidated B) Compensatory C) Punitive D) Special - CORRECT ANSWER A" "Texas has approximately how much land designated as wetlands? A) 7-8 million acres B) 5-6 million acres C) 3-4 million acres D) 9-10 million acres - CORRECT ANSWER A" "Seraphina bought an investment property for $635,900. The Gross Rental Multiplier for the property is 12.5. What is the average monthly income for the property? A) $4,850 B) $3,855 C) $5,650 D) $4,240 - CORRECT ANSWER D" "Parties entering the Texas Voluntary Cleanup Program (VCP) must complete which of these sets of steps to qualify? A) Submit an application, an environmental impact statement signed off by the Texas Environmental Protection Agency (EPA), and a $1,000 application fee. B) Submit an application, an Affected Property Assessment Report describing the contaminated area of concern, and a $1,000 application fee C) Submit an application, an environmental impact statement signed off by the Environmental Protection Agency (EPA), and a $10,000 application fee D) Submit an application, an Affected Property Environmental Impact Report describing the contaminated area of concern, and a $10,000 application fee - CORRECT ANSWER B" "How does a broker, who is serving as an intermediary broker, provide unbiased advice to both parties in a transaction? A) There is no method for providing any unbiased direction or advice in an intermediary situation B) Through a first come, first serve advice procedure monitored by the intermediaries supervising broker C) By appointing individual sales agents to work with both sides of the transaction providing advice and direction while the intermediary remains neutral D) By obtaining written permission from both sides to advise in the manner similar to a dual agent - CORRECT ANSWER C" "Which of the following lists best describes common forms of real property valuation? A) Market, estimated, assessed, and investment B) Market, appraised, assessed, and insured C) Appraised, asserted, intrinsic, and ensured D) Appraised, estimated, assessed, and guaranteed - CORRECT ANSWER A" "Seraphina is leasing a retail space from Desmond on a percentage lease. She pays a flat rate minimum each month of $3,000 on an 8% lease, that is to say, she pays greater of $3,000 or 8% of her gross income. She will make the percentage payment in any month where she makes more than the minimum of which of the following? A) $37,500 B) $35,000 C) $32,500 D) $40,000 - CORRECT ANSWER A" "Seraphina is buying a new home for which she needs a $200,000 loan. However, the interest rate of 5.5% is higher than she cares to pay monthly. Discount points cost 1% of the loan and each point worth 1/4 of a percentage point of interest. How much does she need to pay to bring her interest rate down to 3.75%? A) $1,400 B) $1,200 C) $14,000 D) $12,000 - CORRECT ANSWER C" "Which of the major valuation methods most closely resembles a licensee's approach to a comparative market analysis? A) Income approach B) Sales comparison approach C) Cost approach D) Investment approach - CORRECT ANSWER B" "Which of these sets of steps best describes the process of determining if a "fixture" is most likely to be considered personal or real proeprty? A) Size of the "fixture"; manner of attachment; cost to replace; estimated value of the item; duration fixture was in place B) Manner of attachment; adaptation of the object; intention of the installer; existence of an agreement; relationship of the parties C) Manner of attachment; value of the item; installer's intent at the time property is conveyed; overall size of the fixture; cost to replace D) Existing agreement; estimated value of the fixture (including any depreciation); relationship of the parties; cost to replace; party most benefited by it - CORRECT ANSWER B" "Which of these goals is not one of the stated purposes for the Texas Fair Housing Laws? A) To provide affordable housing to all citizens of Texas B) To provide fair housing in Texas C) To create a procedure for investing and settling complaints of discriminatory housing practices D) To provide rights and remedies substantially equivalent to those granted under federal law - CORRECT ANSWER A" "Because it is presumed that there is a finite amount of land available and no genuine opportunities for creating more, the value of the land tends to: A) Erode B) Depreciate C) Diminish D) Appreciate - CORRECT ANSWER D" "Which of these advertising regulation was removed by legislative action in 2017? A) A broker, individually or as the designated officer, manager or partner of a business entity licensed as a broker shall notify the commission in writing within 30 days after the broker, or a salesperson sponsored by the broker, starts or stops using an assumed name in business other than the name in which the person is licensed B) Deceptive or misleading advertising includes, but is not limited to (1) advertising that is inaccurate in any material fact or in any way misrepresents any property, terms, values, services, or policies C) An advertisement placed by a license holder must include a designation such as "agent", "broker" or a trade association name that serves clearly to identify the advertiser as a real estate agent D) A communication from a license holder to a member of the public after the member of the public agreed for the - CORRECT ANSWER C" "Which of these selections represents the Five Canons of Professional Ethics and Conduct? A) Fidelity, Integrity, Competency, Consumer Information, Discriminatory, Practices B) Fidelity, Loyalty, Confidentiality, Consumer information, Discriminatory Practices C) Integrity, Obedience, Consumer information, Discriminatory Practices, Accounting D) Integrity, Fidelity, Competency, Confidentiality, Accounting - CORRECT ANSWER A" "Which of the following lists best describes the basic types of "police powers" granted to the government? A) Taxation, private land controls, licensure of businesses, economic regulations, and rent controls B) Taxation, public land controls, environmental regulations, licensure of public employees, and commercial lease controls C) Taxation, public lands controls, licensure of professionals, environmental regulations, and rent controls D) Taxation, private land controls, licensure of personal assistants, environmental regulations, and commercial lease controls - CORRECT ANSWER C" ""Rescission" differs from many other forms of remedy for breach because of which of the following? A) Seeks to restore the parties to their pre-agreement condition B) Can be used to cancel all of a contract C) Seeks to replace one party to a contract with another D) Can be used to cancel part of a contract - CORRECT ANSWER A" "In a standard listing agreement situation for a sales agent, which of theses most accurately describes the agency relationships between the parties? A) The principal broker is the agent, the client is their principal, and the sales agent is not part of the relationship B) The principal broker is the agent, the client is their principal, and the sales agent is the agent of the principal broker C) The principal broker and the sales agent are agents for the client/principal D) The sales agent is the agent to the client and the principal is the subagent of the sales agent - CORRECT ANSWER B" "A "right of first refusal" agreement is a form which of these types of contracts? A) Option B) Lease C) Executed D) Bilateral - CORRECT ANSWER A" "A common method for resolving ownership disputes on real property is to file an action to do which of the following? A) Writ of mandamus B) Quitclaim C) Arbitrate ownership D) Quiet title - CORRECT ANSWER D" "The TREC-approved promulgated forms for Seller and Buyer Temporary Leases generally are used for which of these? A) Use for leases lasting less than a year and not involving residential property B) When a buyer has a tenant ready to move in before the transaction can be closed or a seller has a tenant needing to stay past closing C) When a seller needs to stay on the property after closing or a buyer needs to take possession prior to closing D) Any form of commercial leasing transaction, depending on whether the client is a landlord or a tenant - CORRECT ANSWER C" "A licensee in an intermediary brokerage relationship is permitted to disclose which of these? A) The fact that the seller will accept less than the listed price B) Any confidential information that the intermediary feels will advance the transaction with benefits to both parties C) Any confidential information required by law or authorized by the party to whom the confidential information pertains D) The fact that the buyer will go higher on their offer - CORRECT ANSWER C" "An abstract of title contains documentation that traces the history of the property as far back as which of these points? A) For up to 100 years prior B) From the time it was first conveyed to private ownership C) From the beginning of the previous owner's acquisition of the property D) Up to three generations of owners - CORRECT ANSWER B" "Which of the following scenarios best represents the creation or use of an "implied" contract? A) Elmer just met Seraphina who works for the same firm as the sales agent Elmer usually engages for his real estate dealings. Because the two work together, Elmer assumes any information provided by Seraphins is the same as receiving it from his customary sales agent B) For three years working in real estate with Elvira, Desmond has handled her property purchases and Elvira has paid Desmond $500 for every rental referral that lasted longer than six months although non of this was in writing. Having done this more than a dozen times, Desomnd suddenly sent three new referrals at once, but Elvira sent back a referral fee for one. Desmond sues her for the other two C) Ashton and Soo have been going back and forth with counteroffers. Finally, Soo tells Ashton just to send her the offer in writing and she'll consider it. Ashton - CORRECT ANSWER B" "Which of the following properties might be subject to a "brownfield" assessment? A) Properties within a quarter mile of a former meth lab B) Properties adjoining an organic farm complex C) Properties adjoining a former gas station D) Properties where underground storage tanks are being considered for installation - CORRECT ANSWER C" "The most common form of termination of agency for a real estate licensee is which of the following? A) Operation of law B) Expiration of the agreement C) Completion of the agreement D) Destruction of property - CORRECT ANSWER C" "Most conventional loans use which form of interest to calculate the cost of the loan? A) Variable rate interest B) Expounded interest C) Compound interest D) Simple interest - CORRECT ANSWER C" "Which of these sets of criteria are required for a business entity to act as a real estate broker? A) Designate an employee as its broker; provide proof of sufficient E&O insurance coverage; have designated broker who is licensed B) Designate a managing officer as its broker; provide proof of sufficient casualty insurance coverage; have designated broker who is licensed C) Designate an employee as its broker; provide proof of general liability insurance coverage; have designated broker who is licensed and in good standing D) Designate a managing officer as its broker; provide proof of sufficient E&O insurance coverage; have designated broker who is licensed and in good standing - CORRECT ANSWER D" "The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) provides a Federal "Superfund" to: A) A pool of money for first-time homebuyers to acquire funds from a down payment assistance program B) A fund for the rehabilitation of homes with lead-based paint or were the sites of previous meth labs C) Provide public utilities, private energy firms, and military sites the funds to implement hazardous waste mitigation actions or features at the outset of an environmentally sensitive project. D) Clean up controlled or abandoned hazardous-waste sites, accidents, spills, etc. of pollutants and contaminants into the environment - CORRECT ANSWER D" "Desmond's general liability insurance policy for Diogenes Realty would be most likely to cover which of the following issues? A) A client he was meeting with in the office tripped over a rumpled carpet, hit their head on the corner of a desk, and needed stitches. B) A poorly installed door frame in the newly constructed office came loose and pinned a client to the floor, injuring their back C) A client sued claiming that an agent's claim of a view property was a gross misrepresentation when the only actual view was from the rooftop D) A client riding with one of the brokers was injured when another car rammed them from the side - CORRECT ANSWER A" "A broker runs their greatest risk of being held liable for the actions of their supervised licensees under which of these following circumstances? A) When allowing a licensee to act outside of their written authorization B) If a licensee acting within their written authorization makes a mistake C) When a licensee acts outside of their authorization without the broker's knowledge D) If a licensee acting within their written authorization commits fraud and conceals it from the broker - CORRECT ANSWER A" "Which of the following terms and measurements are those most directly associated with the Government rectangular survey method? A) metes, bounds, monuments B) States, counties, cities, township C) Labors, leagues, haciendas, varas D) Townships, principal meridian, baseline, range lines - CORRECT ANSWER D" "The issue of illegally combining business operating funds with client trust funds is referred to as: A) Conversion B) Commingling C) Identity theft D) Embezzlement - CORRECT ANSWER B" "The effect of recording "lis pendens" means putting the public on notice: A) That there are outstanding property taxes owed on the property B) Of who the owner of record is C) That there is a sale pending on the property D) Of a possible future lien or litigation in regards to the property in question - CORRECT ANSWER D" "What is the maximum amount that can be recovered by an injured party for a single incident under the Real Estate Recovery Trust Account? A) $25,000 B) $50,000 C) $100,000 D) $10,000 - CORRECT ANSWER B" "A planning and zoning commission (or title similar to that) generally has the primary function of which of the following? A) Adopting and approving zoning ordinances on behalf of the city council or county commission or other deciding elected body B) Recommending zoning ordinances to the city council or county commission or other deciding elected body C) Enforcing zoning ordinances created and adopted by the city council or county commission or other deciding elected body D) Overseeing zoning ordinances adopted by the city council or county commission or other deciding elected body to ensure that they don't exceed their authority - CORRECT ANSWER B" "In Texas, a fair housing complaint filed with the Department of Housing and Urban Development usually will be investigated and adjudicated by which of the agencies/entities? A) The Texas Workforce Commission Civil Rights Division (TWCCRD) B) The U.S. Department of Justice (DOJ) C) The U.S. Department of Housing and Urban Development (HUD) D) The Texas Real Estate Commission (TREC) - CORRECT ANSWER A" "Which of these terms refers to t