2026/2027 || COMPREHENSIVE REAL ESTATE LICENSE
EXAM PREPARATION WITH UPDATED TEXAS LAWS AND
PRACTICE CONCEPTS || REAL TREC-STYLE QUESTIONS
WITH VERIFIED ACCURATE ANSWERS LATEST EDITION ||
ELITE A+ PREMIUM QUALITY GUARANTEED
Making a plan and implementing it is essential to the future success of an
organization. - THE CORRECT ANSWER - Broker Millie wants to start
her own brokerage. The market is hot right now, and she wants to get her
brokerage up and running ASAP. Once things slow down a little, she'll figure out
a business plan and other details. Which of the following is true of this situation?
Fraudulent misrepresentation
Mortgage fraud is a form of fraudulent misrepresentation that, because it's
become so prevalent, has been named as its own category of fraud. - THE
CORRECT ANSWER - Mortgage Fraud is considered __
It helps to ensure that well-trained talent is available in the event that a critical
position becomes vacant.
Succession planning not only ensures that a solid pipeline of qualified individuals
is ready to move into critical positions, but it also motivates staff to perform at a
high level in order to e considered for promotion. - THE CORRECT
ANSWER - Loronda is working on her business plan in preparation for opening
her own brokerage. Why should she consider including succession planning in
her plan?
No. However, in some situations, Tanner's attempts at training and enforcement
may help lessen sanctions against him.
Though technically Tanner is responsible, if he can prove that the firm has
policies and procedures in place and that he provides training and coaching to
licensees, he may receive less blame than he might otherwise. - THE
CORRECT ANSWER - As the supervising broker, tanner makes sure that the
firm's policies and procedures manual is updated regularly and is enforced. He
provides formal and informal training on the manual's contents. Does this relieve
Tanner of vicarious liability if a licensee performs an unethical act?
, Job Description
The Job description describes how a person in a given role relates and interfaces
with others in the organization. - THE CORRECT ANSWER -
Keep windows clear so passersby can see inside
Make certain windows are not obstructed so that passerby can see in and notice
if there is trouble in the office. - THE CORRECT ANSWER -
Decisiveness - THE CORRECT ANSWER - Which of these leadership traits
is useful in a crisis and in establishing work flow?
Misrepresentation - THE CORRECT ANSWER - Mortgage Fraud is
considered
Anittrust - THE CORRECT ANSWER - Activities that restrain trade and
reduce competition and choices for consumers are considered to be what kind of
violations?
Internal equity
compensation plans should be fair from both an external and internal perspective.
Internal equity means workers are paid fairly in relation to the work they do, and
when compared to others who work there. - THE CORRECT ANSWER -
The compensation plan at Giny's brokerage makes pay levels consistent with their
level of responsibility, so that people are paid fairly when compared to what
others at her brokerage do. What is this called?
Results
A broker/independent contractor relationship is one in which the broker is
primarily concerned with the end result of listing and selling property, and leaves
the day-to-day decisions on how things are done to the salesperson. - THE
CORRECT ANSWER - In a broker/independent contractor relationship, the
broker is primarily concerned with what?
Risk is and inherent part of real estate activities.