PRACTICE QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES 2026 Q&A |
INSTANT DOWNLOAD PDF
1. Which of the following is required to obtain a Texas Real Estate Salesperson
License?
A. U.S. citizenship
B. High school diploma only
C. Sponsorship by a licensed Texas broker
D. College degree
Rationale: A salesperson must be sponsored by an active Texas broker before
the license can be issued.
2. Which Texas agency regulates real estate licensees?
A. Texas Department of Housing
B. Texas Real Estate Commission (TREC)
C. Texas Appraisal Board
D. Texas Department of Licensing and Regulation
Rationale: TREC oversees the licensing and regulation of real estate
professionals in Texas.
3. How many classroom hours are required for a Texas salesperson license?
A. 90 hours
B. 120 hours
C. 180 hours
D. 210 hours
,Rationale: The Texas Real Estate Commission requires 180 hours of qualifying
real estate education.
4. A fiduciary duty owed to the client includes:
A. Loyalty
B. Friendship
C. Fairness only
D. Compensation
Rationale: Loyalty is a core fiduciary duty, meaning the agent must act in the
client’s best interest.
5. Which type of listing allows multiple brokers to sell a property?
A. Exclusive right-to-sell
B. Open listing
C. Net listing
D. Exclusive agency
Rationale: An open listing allows multiple brokers, and the seller pays only the
broker who brings a buyer.
6. The Texas Real Estate Commission consists of:
A. 5 members
B. 9 members
C. 11 members
D. 15 members
Rationale: TREC is composed of 9 members appointed by the Governor: 6
brokers and 3 public members.
7. The Texas Real Estate Recovery Trust Account protects:
, A. Brokers from lawsuits
B. Consumers from wrongful acts by licensees
C. Licensees from fines
D. Agents from liability
Rationale: The Recovery Trust Account reimburses consumers who suffer losses
due to a licensee’s misconduct.
8. A broker’s fiduciary duties to a client do NOT include:
A. Confidentiality
B. Obedience to illegal instructions
C. Loyalty
D. Disclosure
Rationale: A broker must never obey illegal instructions, even from a client.
9. Which form must be presented at the first substantive discussion of a real
estate transaction?
A. Sales contract
B. Information About Brokerage Services (IABS) form
C. Listing agreement
D. Buyer’s representation form
Rationale: The IABS form informs consumers about brokerage relationships and
must be presented early.
10. Which of the following is personal property?
A. Built-in oven
B. Central air conditioner
C. Freestanding refrigerator
D. Garage door opener