Texas State Portion Real Estate Exam | Most Recent Exam
2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Guaranteed
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Which of the Texas Real Estate Commission addenda contains
the words "time is of the essence?" - ANSWER-They are The
Addendum for Sale of Other Property by Buyer, The Back-Up
Addendum, and the Third-Party Financing Condition
Addendum. An option clause is always interpreted under the
""time is of the essence"" rule. Texas courts will favor
upholding the terms of a contract as long as there is evidence
that the parties have acted in good faith and have
accomplished the objectives of the agreement within
reasonable time. Strict time frames will be enforced when the
parties specifically agree in the contract that time is of the
essence.
An agency relationship cannot be created by: - ANSWER-
inherent authority
What is true of listing contracts? - ANSWER-The salesperson is
not allowed to accept listings in their own names; they must be
in the broker's name. The contract should show the broker as
the agent and owner of the listing. However, the salesperson
may sign the listing contract for the broker.
,Within how many days may an applicant appeal the ruling, if
the commission
declines an application? - ANSWER-the licensee can appeal
the ruling within
ten days, and request a hearing before the
commission.
Salesperson Judy Jones has found the perfect house for
herself. She learns that the owner may be interested in selling,
so she introduces herself and is allowed to make a listing
presentation. She gets the listing for her brokerage after
presenting a CMA (Competitive Market Analysis) that
emphasizes the lowest priced homes in the neighborhood. As a
result of the CMA (Competitive Market Analysis), the seller
decides on a relatively low asking price. Judy immediately
presents a full-price offer from her cousin, but does not reveal
the relationship to the seller. The offer is accepted by the seller.
A few days after the sale closes, Judy buys the property from
her cousin. Judy's conduct is: - ANSWER-Judy's conduct is
prohibited for many reasons. She has not only violated her
fiduciary duties by failing to act in her client's best interests,
she has acted secretly for her own personal gain. She has also
violated Section 15 of the Texas Real Estate License Act.
If the seller disclosure statement is delivered to the buyer after
the purchase agreement has been signed, the buyer may cancel
the agreement within _____ of receiving the disclosure. -
ANSWER-7 days
,what type of relationship exists between the broker and
sales associates? -
ANSWER-General
agency
To obtain a real estate salesperson license, an applicant must: -
ANSWER-be a Texas resident at the time of application. He or
she must also be at least 18 years of age, be a US citizen or
legally admitted alien, show proof of completion of the
educational requirements, be sponsored by a broker, and have
passed the state real estate exam.
what is the best way to extend the closing date on a contract? -
ANSWER-use the Texas Real Estate Commission 39-4
"Amendment" and have the buyers and sellers sign
In Texas, real estate licenses expire: - ANSWER-on the
last day of the
anniversary month of
issuance,
A real estate salesperson may accept compensation from? -
ANSWER-The
salesperson's sponsoring
broker only
The official effective date of a sales contract is: - ANSWER-
the date the last
, party signs the
contract.
What is required to obtain a broker's license in Texas? -
ANSWER-license must
be at least 18 years of age, have been actively engaged
as a licensed
salesperson for at least 2 years, and complete 900 hours
of approved
coursework
For what is there NO promulgated form? - ANSWER-contract for
deed
A contract contains a clause stating that "time is of the
essence". This clause indicates that: - ANSWER-any time
limitations indicated in the contract must be strictly met.
If Broker Bob, the listing agent, negotiates an offer that is
presented by Broker Bill, who works for another company and
represents a buyer, the brokers will be acting as: - ANSWER-
single agents since they both have agreements with their
respective principals.
What penalties may be imposed on an unlicensed individual for
a single act of brokerage for which a license is required? -
ANSWER-$4,000 fine plus other penalties provided by law
Brokers and salespeople in Texas who are not lawyers may: -
ANSWER-Fill in
2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam | Just Released!!
Which of the Texas Real Estate Commission addenda contains
the words "time is of the essence?" - ANSWER-They are The
Addendum for Sale of Other Property by Buyer, The Back-Up
Addendum, and the Third-Party Financing Condition
Addendum. An option clause is always interpreted under the
""time is of the essence"" rule. Texas courts will favor
upholding the terms of a contract as long as there is evidence
that the parties have acted in good faith and have
accomplished the objectives of the agreement within
reasonable time. Strict time frames will be enforced when the
parties specifically agree in the contract that time is of the
essence.
An agency relationship cannot be created by: - ANSWER-
inherent authority
What is true of listing contracts? - ANSWER-The salesperson is
not allowed to accept listings in their own names; they must be
in the broker's name. The contract should show the broker as
the agent and owner of the listing. However, the salesperson
may sign the listing contract for the broker.
,Within how many days may an applicant appeal the ruling, if
the commission
declines an application? - ANSWER-the licensee can appeal
the ruling within
ten days, and request a hearing before the
commission.
Salesperson Judy Jones has found the perfect house for
herself. She learns that the owner may be interested in selling,
so she introduces herself and is allowed to make a listing
presentation. She gets the listing for her brokerage after
presenting a CMA (Competitive Market Analysis) that
emphasizes the lowest priced homes in the neighborhood. As a
result of the CMA (Competitive Market Analysis), the seller
decides on a relatively low asking price. Judy immediately
presents a full-price offer from her cousin, but does not reveal
the relationship to the seller. The offer is accepted by the seller.
A few days after the sale closes, Judy buys the property from
her cousin. Judy's conduct is: - ANSWER-Judy's conduct is
prohibited for many reasons. She has not only violated her
fiduciary duties by failing to act in her client's best interests,
she has acted secretly for her own personal gain. She has also
violated Section 15 of the Texas Real Estate License Act.
If the seller disclosure statement is delivered to the buyer after
the purchase agreement has been signed, the buyer may cancel
the agreement within _____ of receiving the disclosure. -
ANSWER-7 days
,what type of relationship exists between the broker and
sales associates? -
ANSWER-General
agency
To obtain a real estate salesperson license, an applicant must: -
ANSWER-be a Texas resident at the time of application. He or
she must also be at least 18 years of age, be a US citizen or
legally admitted alien, show proof of completion of the
educational requirements, be sponsored by a broker, and have
passed the state real estate exam.
what is the best way to extend the closing date on a contract? -
ANSWER-use the Texas Real Estate Commission 39-4
"Amendment" and have the buyers and sellers sign
In Texas, real estate licenses expire: - ANSWER-on the
last day of the
anniversary month of
issuance,
A real estate salesperson may accept compensation from? -
ANSWER-The
salesperson's sponsoring
broker only
The official effective date of a sales contract is: - ANSWER-
the date the last
, party signs the
contract.
What is required to obtain a broker's license in Texas? -
ANSWER-license must
be at least 18 years of age, have been actively engaged
as a licensed
salesperson for at least 2 years, and complete 900 hours
of approved
coursework
For what is there NO promulgated form? - ANSWER-contract for
deed
A contract contains a clause stating that "time is of the
essence". This clause indicates that: - ANSWER-any time
limitations indicated in the contract must be strictly met.
If Broker Bob, the listing agent, negotiates an offer that is
presented by Broker Bill, who works for another company and
represents a buyer, the brokers will be acting as: - ANSWER-
single agents since they both have agreements with their
respective principals.
What penalties may be imposed on an unlicensed individual for
a single act of brokerage for which a license is required? -
ANSWER-$4,000 fine plus other penalties provided by law
Brokers and salespeople in Texas who are not lawyers may: -
ANSWER-Fill in
