STUDY GUIDE WITH COMPLETE SOLUTION!!
Who is responsible for the acts of a salesperson?
answers: The sponsoring broker
Failure on the part of the agent to advise the purchaser of real property in writing
that he should have the abstract covering the property examined by an attorney of
his own selection, or that he should be furnished with a policy of title insurance
shall:
answers: d. preclude payment of, or recovery of, any commission agreed to be
paid on the sale
An example of gratuitous agency is:
answers: b. Working for free
All of the following are examples of different ways of giving real estate legal
description EXCEPT:
answers: b. the recorded mailing address
The sponsoring broker is responsible to TREC, the public, and the clients for the
acts of
answers: d. his sponsored salespeople
The Texas Real Estate Broker-Lawyer Committee consists of:
answers: c. 13 members
,A handwritten will signed by the testator but not witnessed is known as a(n):
answers: b. holographic will
The only person who is allowed to give legal advice is:
answers: c. Attorney
How does the Texas Real Estate License Act define the first face-to-face meeting?
answers: c. when substantive discussion occurs
An agency relationship is always created at the:
answers: a. broker level
A guide could be developed by the company to help all licensees learn to make
ethical decisions.
answers: a. True
Which of the following is true of the rules and regulations of the Texas Real Estate
Commission?
answers: d. they have the full force and effect of law
A real estate license issued by the Texas Real Estate Commission must:
answers: c. be prominently displayed by a residential rental locator
, Land used for agriculture or wildlife management may qualify for an agricultural
appraisal. When the land is no longer used for agricultural or wildlife management
rollback tax can occur. The tax is owed by:
answers: d. the owner who changed the lands use
TRELA states that to be eligible to receive a real estate license in the state of Texas
a person must
answers: d. satisfy the Commission as to the persons honesty
When the TAR Residential Leasing and Property Management Agreement is used
the broker becomes an employee of the owner.
answers: b. False
A salesperson:
answers: b. May not act as a salesperson until he has a sponsoring broker
The real estate exam consists of 110 questions, 80 on the national portion of the
test and 30 on the Texas portion of the test.
answers: a. True
Intermediary agency has:
answers: d. Replaced dual agency
The Texas Real Estate Recovery Fund is funded: