Texas Real Estate Exam with all Correct & 100% Verified
Answers |Actual Complete Update |Already Graded A+
If the Commission proposes to revoke a person's license, the person is entitled to ✔Correct
Answer-Request a hearing conducted by the State Office of Administrative Hearings
Which of the following statements concerning TREC is NOT true? ✔Correct Answer-There are
six public-members and three broker-members
The Commission is required to initiate an investigation on the basis of a complaint if ✔Correct
Answer-A person submits a signed written complaint
The purpose of the real estate recovery trust account includes which of the following?
✔Correct Answer-The real estate recovery trust account is used to reimburse members of the
public who have been financially injured or damaged by the actions of a real estate broker or
salesperson
All of the following describe the authority and power of the Commission EXCEPT the ability to
✔Correct Answer-Submit an appeal bond to enforce provisions of the act
The Texas Workforce Commission (TWC) is the state agency charged with overseeing and
providing workforce development services to employers and job seekers of Texas. It is
comprised of how many members? ✔Correct Answer-3
The penalty collected for a violation of the Act by a licensed real estate salesperson is deposited
with which? ✔Correct Answer-The real estate recovery trust account
What statement is NOT true about recovering money from the Real Estate Recovery Trust
Account? ✔Correct Answer-Agents can recover commission from the account only if they
obtain a judgement against their client
The Commission may appoint advisory committees to perform advisory functions assigned by
the Commission. Which of the following is true regarding these committees? ✔Correct
Answer-The committee members may be reimbursed for actual Expenses
Which of the following is true concerning the powers of the Commission? ✔Correct Answer-
TREC Rules have the same force and effect as law
Payments from the real estate recovery trust account are subject to all of the following
conditions and limitations EXCEPT payments ✔Correct Answer-For claims based on
judgements against any on licensed real estate broker or licensed real estate salesperson may
, not exceed $50,000 until the licensee has reimbursed the real estate recovery trust account for
all amounts paid
All of the following are true about a subpoena issued by the Texas Real Estate Commission
EXCEPT that the subpoena ✔Correct Answer-Issued pertains only to the county where it was
issued
The Commission may maintain an action, in the name of the state in district court, to abate and
permanently enjoin acts or practices that constitute a violation of the Act. The Commission may
recover all of the following EXCEPT ✔Correct Answer-A civil penalty payable to the
commission
If the Commission refuses to issue a license to an applicant, the applicant is entitled to a(n)
✔Correct Answer-Hearing conducted by the State Office of Administrative Hearings
If a salesperson moves to a new sponsoring broker, which of the following is NOT correct?
✔Correct Answer-The salesperson may not begin working for the new broker until that broker is
in receipt of the salesperson's license
Which of the following would be required to be licensed as a real estate agent? ✔Correct
Answer-An attorney who sponsors five agents
Which of the following is required to have a real estate license? ✔Correct Answer-An
incorporated brokerage firm
Requirements for a real estate broker license include all of the following except which
statement? ✔Correct Answer-Have at least three years active experience as a Texas real
estate salesperson
The Canons of Professional Ethics and Conduct adopted by the commission do NOT include
✔Correct Answer-Disclosure
The continuing education requirements for all salespersons include which one of the following?
✔Correct Answer-The CE hours must be completed by the Expiration date for license renewal,
or the licensee will be required to pay a fee not to exceed $200 and any fee for late renewal
According to the Texas Real Estate License Act, which of the following is exempt from the
provisions of the act? ✔Correct Answer-A partnership or limited liability partnership acting as
a broker through a partner who is a licensed real estate broker
If a licensed salesperson wishes to change affiliation to a new sponsoring broker, he must do
which of the following? ✔Correct Answer-Request that the new broker file a request with the
commission advising them that the broker assumes sponsorship of the salesperson
Answers |Actual Complete Update |Already Graded A+
If the Commission proposes to revoke a person's license, the person is entitled to ✔Correct
Answer-Request a hearing conducted by the State Office of Administrative Hearings
Which of the following statements concerning TREC is NOT true? ✔Correct Answer-There are
six public-members and three broker-members
The Commission is required to initiate an investigation on the basis of a complaint if ✔Correct
Answer-A person submits a signed written complaint
The purpose of the real estate recovery trust account includes which of the following?
✔Correct Answer-The real estate recovery trust account is used to reimburse members of the
public who have been financially injured or damaged by the actions of a real estate broker or
salesperson
All of the following describe the authority and power of the Commission EXCEPT the ability to
✔Correct Answer-Submit an appeal bond to enforce provisions of the act
The Texas Workforce Commission (TWC) is the state agency charged with overseeing and
providing workforce development services to employers and job seekers of Texas. It is
comprised of how many members? ✔Correct Answer-3
The penalty collected for a violation of the Act by a licensed real estate salesperson is deposited
with which? ✔Correct Answer-The real estate recovery trust account
What statement is NOT true about recovering money from the Real Estate Recovery Trust
Account? ✔Correct Answer-Agents can recover commission from the account only if they
obtain a judgement against their client
The Commission may appoint advisory committees to perform advisory functions assigned by
the Commission. Which of the following is true regarding these committees? ✔Correct
Answer-The committee members may be reimbursed for actual Expenses
Which of the following is true concerning the powers of the Commission? ✔Correct Answer-
TREC Rules have the same force and effect as law
Payments from the real estate recovery trust account are subject to all of the following
conditions and limitations EXCEPT payments ✔Correct Answer-For claims based on
judgements against any on licensed real estate broker or licensed real estate salesperson may
, not exceed $50,000 until the licensee has reimbursed the real estate recovery trust account for
all amounts paid
All of the following are true about a subpoena issued by the Texas Real Estate Commission
EXCEPT that the subpoena ✔Correct Answer-Issued pertains only to the county where it was
issued
The Commission may maintain an action, in the name of the state in district court, to abate and
permanently enjoin acts or practices that constitute a violation of the Act. The Commission may
recover all of the following EXCEPT ✔Correct Answer-A civil penalty payable to the
commission
If the Commission refuses to issue a license to an applicant, the applicant is entitled to a(n)
✔Correct Answer-Hearing conducted by the State Office of Administrative Hearings
If a salesperson moves to a new sponsoring broker, which of the following is NOT correct?
✔Correct Answer-The salesperson may not begin working for the new broker until that broker is
in receipt of the salesperson's license
Which of the following would be required to be licensed as a real estate agent? ✔Correct
Answer-An attorney who sponsors five agents
Which of the following is required to have a real estate license? ✔Correct Answer-An
incorporated brokerage firm
Requirements for a real estate broker license include all of the following except which
statement? ✔Correct Answer-Have at least three years active experience as a Texas real
estate salesperson
The Canons of Professional Ethics and Conduct adopted by the commission do NOT include
✔Correct Answer-Disclosure
The continuing education requirements for all salespersons include which one of the following?
✔Correct Answer-The CE hours must be completed by the Expiration date for license renewal,
or the licensee will be required to pay a fee not to exceed $200 and any fee for late renewal
According to the Texas Real Estate License Act, which of the following is exempt from the
provisions of the act? ✔Correct Answer-A partnership or limited liability partnership acting as
a broker through a partner who is a licensed real estate broker
If a licensed salesperson wishes to change affiliation to a new sponsoring broker, he must do
which of the following? ✔Correct Answer-Request that the new broker file a request with the
commission advising them that the broker assumes sponsorship of the salesperson
