Texas Real Estate Exam (State Portion) with all Correct &
100% Verified Answers |Actual Complete Update |
Already Graded A+
Use of Standard Contract Forms ✔Correct Answer-TREC promulgated forms are required by
licensee; standard contracts must be used UNLESS services of a lawyer used to prepare,
government uses contract, owner draws up contract
Listing must contain a ________________________ not subject to prior notice. ✔Correct
Answer-a definite termination date
According to State law, Does a listing need to include a broker protection clause or the amount
of commission charged? ✔Correct Answer-State law does not address the issue
When a licensee has a trust account... ✔Correct Answer-1. must retain a documentary record
of each deposit
2. withdrawal from the account for a period of 4 years
What must the licensee give the seller upon request? ✔Correct Answer-Licensee is obligated
to give the seller signing the listing a legible, signed, true, and correct copy
Is numbering or advertising the files required? ✔Correct Answer-it is not required
Are other brokers required to participate in marketing? ✔Correct Answer-Not required
Can the listing agreement be canceled? ✔Correct Answer-Yes, but the seller may be
responsible for some expenses.
When is a broker prohibited from offering a property? ✔Correct Answer-when he doesn't
have the owner's consent
Does the Real Estate Commission get involved in resolving any commission disputes?
✔Correct Answer-It will NOT get involved
Who is a broker liable to? ✔Correct Answer-1. the Commission
2. the public
3. the broker's clients
How does TREC mitigate the responsibility of the broker? ✔Correct Answer-It mitigates by
stating that broker is responsible only for the "authorized" act of the salesperson.
, What would help a broker not get his licenseed suspended or revoked by TREC for unauthorized
act of a salesperson? ✔Correct Answer-1. a strong training program
2. a well written office policy manual prohibiting such activity
Does disciplinary action (or inaction) taken against a person by TREC relieve the person?
✔Correct Answer-NO, does not relieve the person of civil or criminal liability.
Where are fair housing complaints submitted? ✔Correct Answer-Fair housing complaints may
be directed to
-US District Court or state or local courts
-US Attorney General
-HUD
-Texas Workforce Commission
-Civil Rights Division
Where can a person file an ethics complaint against a Realtor? ✔Correct Answer-It can be
done through a local board or association
Where must complaints under the Civil Rights Act of 1866 be taken? ✔Correct Answer-They
must be taken to federal court
What is the deadline to file a complaint with Texas Workforce Commission, Civil Rights Division
for any alleged discriminatory practice occurred or terminated, whichever is later? ✔Correct
Answer-on or before the first anniversary of the alleged incident
Who can prepare a clause describing and defining legal rights and remedies for inclusion in the
sales contract? ✔Correct Answer-only a licensed attorney
Where does the salespeople collect compensation? ✔Correct Answer-only from their
sponsoring broker
TREC promulgated contracts ✔Correct Answer-Must have title delivered by GENERAL
warranty deed
MUST be used by all licensees with exceptions of lawyer, gov., owner
types: 1-4 family residential contract (resale), unimproved property contract, new home
contract (incomplete)/ (complete), farm and ranch contract, residential condo contract (resale)
Commission rates are often negotiated by who? ✔Correct Answer-Seller and the Broker
The Commission may revoke a license by a license holder if they have been convicted
of________________. ✔Correct Answer-felony or a criminal conviction involving fraud
How many days does a license hold have to notify the Commission of a felony conviction
involving fraud, false advertising, or commingling of funds? ✔Correct Answer-30 days
100% Verified Answers |Actual Complete Update |
Already Graded A+
Use of Standard Contract Forms ✔Correct Answer-TREC promulgated forms are required by
licensee; standard contracts must be used UNLESS services of a lawyer used to prepare,
government uses contract, owner draws up contract
Listing must contain a ________________________ not subject to prior notice. ✔Correct
Answer-a definite termination date
According to State law, Does a listing need to include a broker protection clause or the amount
of commission charged? ✔Correct Answer-State law does not address the issue
When a licensee has a trust account... ✔Correct Answer-1. must retain a documentary record
of each deposit
2. withdrawal from the account for a period of 4 years
What must the licensee give the seller upon request? ✔Correct Answer-Licensee is obligated
to give the seller signing the listing a legible, signed, true, and correct copy
Is numbering or advertising the files required? ✔Correct Answer-it is not required
Are other brokers required to participate in marketing? ✔Correct Answer-Not required
Can the listing agreement be canceled? ✔Correct Answer-Yes, but the seller may be
responsible for some expenses.
When is a broker prohibited from offering a property? ✔Correct Answer-when he doesn't
have the owner's consent
Does the Real Estate Commission get involved in resolving any commission disputes?
✔Correct Answer-It will NOT get involved
Who is a broker liable to? ✔Correct Answer-1. the Commission
2. the public
3. the broker's clients
How does TREC mitigate the responsibility of the broker? ✔Correct Answer-It mitigates by
stating that broker is responsible only for the "authorized" act of the salesperson.
, What would help a broker not get his licenseed suspended or revoked by TREC for unauthorized
act of a salesperson? ✔Correct Answer-1. a strong training program
2. a well written office policy manual prohibiting such activity
Does disciplinary action (or inaction) taken against a person by TREC relieve the person?
✔Correct Answer-NO, does not relieve the person of civil or criminal liability.
Where are fair housing complaints submitted? ✔Correct Answer-Fair housing complaints may
be directed to
-US District Court or state or local courts
-US Attorney General
-HUD
-Texas Workforce Commission
-Civil Rights Division
Where can a person file an ethics complaint against a Realtor? ✔Correct Answer-It can be
done through a local board or association
Where must complaints under the Civil Rights Act of 1866 be taken? ✔Correct Answer-They
must be taken to federal court
What is the deadline to file a complaint with Texas Workforce Commission, Civil Rights Division
for any alleged discriminatory practice occurred or terminated, whichever is later? ✔Correct
Answer-on or before the first anniversary of the alleged incident
Who can prepare a clause describing and defining legal rights and remedies for inclusion in the
sales contract? ✔Correct Answer-only a licensed attorney
Where does the salespeople collect compensation? ✔Correct Answer-only from their
sponsoring broker
TREC promulgated contracts ✔Correct Answer-Must have title delivered by GENERAL
warranty deed
MUST be used by all licensees with exceptions of lawyer, gov., owner
types: 1-4 family residential contract (resale), unimproved property contract, new home
contract (incomplete)/ (complete), farm and ranch contract, residential condo contract (resale)
Commission rates are often negotiated by who? ✔Correct Answer-Seller and the Broker
The Commission may revoke a license by a license holder if they have been convicted
of________________. ✔Correct Answer-felony or a criminal conviction involving fraud
How many days does a license hold have to notify the Commission of a felony conviction
involving fraud, false advertising, or commingling of funds? ✔Correct Answer-30 days
