Texas State Portion Real Estate Exam || Most Recent
Exam 2026/2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+ |
Guaranteed Success!! Newest Exam | Just Released!!
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 the blanks on a preprinted form contract
promulgated by TREC
Three members of the TREC must be: - ANSWER-
representatives of the general public who are not licensed and
,do not have a financial interest in the practice of a real estate
office.
Which of the following is true of a licensee purchasing or
selling his or her own property? - ANSWER-It is legal as long as
full disclosure is made.
Earnest money must be deposited in an escrow account in a
"timely manner." TREC considers a "timely manner" to be: -
ANSWER-by the close of business on the second business day
after the parties execute the contract.
The commission will investigate complaints submitted up to
how long after the alleged incident? - ANSWER-4 years
what is true of an assumed name? - ANSWER-A broker must
file an assumed name with the county clerk in the county where
the broker conducts business. He or she must re-file an
assumed name every 10 years, and only advertising that does
not readily identify the broker as a real estate agent must
contain the words "REALTOR", "real estate agent", "real estate
broker", or "realty"."
what is NOT listed as included in the property to be conveyed
in paragraph 2 of the Texas Real Estate Commission form 20-6?
- ANSWER-a self-contained spa with cover and heater
Buyer Betty gives Broker Bob an earnest money deposit.
According to Texas law, Broker Bob should: - ANSWER-hold
,the earnest money deposit in a secure place in the broker's
office until the offer is accepted and the contract is signed. He
or she then must deposit the funds in a separate escrow
account by the end of the second business day after the
contract is signed.
The total value of all personal homestead property may not
exceed $________ for a single adult or $_______ for a family. -
ANSWER-15,000/30,000
what individuals are exempt from the real estate license
requirement? - ANSWER-An employee who rents their
employer's property
An intermediary appoints associates in a transaction. Who
must receive written notification of the appointments? -
ANSWER-All parties to the transaction
Sam is preparing an offer for the purchase of the property
located at 4615 Pleasant Boulevard and is not sure of the legal
description of the property. To complete paragraph 2 of the 20-
6 contract form, he should - ANSWER-obtain the description
from the county appraisal district, making certain that he
obtains the lot, block, and section numbers as well as the
correctly spelled name of the subdivision.
A broker is obligated by law to treat his or her client: -
ANSWER-honestly
, A real estate broker who is convicted of making false,
deceptive, and misleading statements may face: - ANSWER-a
financial penalty up to three times the amount of the actual
damages. Under Section 15 of TRELA, the licensee may also
have his or her license revoked or suspended.
Agency disclosure is required: - ANSWER-in writing
The commission has the authority to revoke a salesperson's
license if he or she: - ANSWER-deposits a buyer's earnest
money into his or her bank account.
A broker who places earnest monies in the company's
operating account is guilty of what? - ANSWER-commingling
If a salesperson's license is revoked, to whom may he or she
appeal the decision? - ANSWER-The district court
Who may revoke or suspend a Texas real estate license? -
ANSWER-Texas Real Estate Commission (TREC)
A single act of brokerage for compensation without a license is
considered: - ANSWER-a misdemeanor.
Separate property is: - ANSWER-property owned before
marriage, settlement from a personal injury suit, gifts and
inheritance after marriage, and property agreed in writing to be
separate
Exam 2026/2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+ |
Guaranteed Success!! Newest Exam | Just Released!!
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 the blanks on a preprinted form contract
promulgated by TREC
Three members of the TREC must be: - ANSWER-
representatives of the general public who are not licensed and
,do not have a financial interest in the practice of a real estate
office.
Which of the following is true of a licensee purchasing or
selling his or her own property? - ANSWER-It is legal as long as
full disclosure is made.
Earnest money must be deposited in an escrow account in a
"timely manner." TREC considers a "timely manner" to be: -
ANSWER-by the close of business on the second business day
after the parties execute the contract.
The commission will investigate complaints submitted up to
how long after the alleged incident? - ANSWER-4 years
what is true of an assumed name? - ANSWER-A broker must
file an assumed name with the county clerk in the county where
the broker conducts business. He or she must re-file an
assumed name every 10 years, and only advertising that does
not readily identify the broker as a real estate agent must
contain the words "REALTOR", "real estate agent", "real estate
broker", or "realty"."
what is NOT listed as included in the property to be conveyed
in paragraph 2 of the Texas Real Estate Commission form 20-6?
- ANSWER-a self-contained spa with cover and heater
Buyer Betty gives Broker Bob an earnest money deposit.
According to Texas law, Broker Bob should: - ANSWER-hold
,the earnest money deposit in a secure place in the broker's
office until the offer is accepted and the contract is signed. He
or she then must deposit the funds in a separate escrow
account by the end of the second business day after the
contract is signed.
The total value of all personal homestead property may not
exceed $________ for a single adult or $_______ for a family. -
ANSWER-15,000/30,000
what individuals are exempt from the real estate license
requirement? - ANSWER-An employee who rents their
employer's property
An intermediary appoints associates in a transaction. Who
must receive written notification of the appointments? -
ANSWER-All parties to the transaction
Sam is preparing an offer for the purchase of the property
located at 4615 Pleasant Boulevard and is not sure of the legal
description of the property. To complete paragraph 2 of the 20-
6 contract form, he should - ANSWER-obtain the description
from the county appraisal district, making certain that he
obtains the lot, block, and section numbers as well as the
correctly spelled name of the subdivision.
A broker is obligated by law to treat his or her client: -
ANSWER-honestly
, A real estate broker who is convicted of making false,
deceptive, and misleading statements may face: - ANSWER-a
financial penalty up to three times the amount of the actual
damages. Under Section 15 of TRELA, the licensee may also
have his or her license revoked or suspended.
Agency disclosure is required: - ANSWER-in writing
The commission has the authority to revoke a salesperson's
license if he or she: - ANSWER-deposits a buyer's earnest
money into his or her bank account.
A broker who places earnest monies in the company's
operating account is guilty of what? - ANSWER-commingling
If a salesperson's license is revoked, to whom may he or she
appeal the decision? - ANSWER-The district court
Who may revoke or suspend a Texas real estate license? -
ANSWER-Texas Real Estate Commission (TREC)
A single act of brokerage for compensation without a license is
considered: - ANSWER-a misdemeanor.
Separate property is: - ANSWER-property owned before
marriage, settlement from a personal injury suit, gifts and
inheritance after marriage, and property agreed in writing to be
separate
