1
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TX-Brokerage (SAE) Questions and
Answers (100% Correct Answers) Already
Graded A+
The _____ is required to ascertain that Brokers are aware of all of
their responsibilities.— Ans: Texas Real Estate Commission
The _____ course is to address the regulatory aspects of the
management, operation and supervision of a real estate
© 2025 Assignment Expert
brokerage firm in Texas. The course provides an understanding
and working knowledge of a broker's responsibilities and
obligations under 22 TAC §535.2.— Ans: Broker Responsibility MCE
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Who Must Take The Broker Responsibility MCE Course?— Ans: A
broker who sponsors salespersons, a designated broker of a
business entity, and a license holder who is a delegated supervisor
of one or more license holders (for six months or more during the
supervisor's current license period), to complete this six—hour
broker responsibility course to renew a license.
"Act of God"— Ans: A natural disaster or fire
Broker must, at a minimum, maintain the following records in a
format that is readily available to the Commission for at least ____
years from the date of closing, termination of the contract, or end
of a real estate transaction— Ans: 4
Recruitment of a salesperson by a broker is not regulated with the
exception that instructors or other persons associated with a ___
may NOT recruit or solicit prospective salespersons or brokers in a
classroom during class time— Ans: School
There is no provision in the Act or the TREC Rules prohibiting a
broker from _____ a salesperson or broker—associate affiliated with
another broker.— Ans: Recruiting
, 2
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________ are exempt from any of the provisions of the Texas Real
Estate License Act. They are permitted to represent clients in real
estate transactions by virtue of their license to practice law.—
Ans: Attorneys
Brokers CANNOT share their fees with attorneys who perform a
brokerage service, attorneys must seek compensation for that
service directly from one of the ______ in a transaction— Ans:
Principals
Can a listing broker share a portion of the listing broker's
commission with an attorney who represented the buyer in a real
estate transaction?— Ans: No. A broker is prohibited from sharing
fees with or otherwise compensating the attorney acting as a
© 2025 Assignment Expert
buyer's agent unless the attorney holds an active real estate
license.
Is a link to the IABS form required on my website?— Ans: Yes. Rule
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531.20(b) states that each broker and sales agent must provide a
link on its homepage to the IABS Form labeled "Texas Real Estate
Commission Information About Brokerage Services".
IABS link must be in at least a ______ point font and in a readily
noticeable place on the homepage of the business website of the
broker and sales agent.— Ans: 10
Does a link to the IABS Form in my email signature satisfy the
representation disclosure required by TRELA §1101.558?— Ans:
No. Rule 531.20(d) states that providing a link to the IABS Form in a
footnote or signature block of an email is insufficient
The IABS Form can be provided by:— Ans: (1) personal delivery;
(2) first class mail or overnight common carrier delivery service; (3)
in the body of an email; or (4) as an attachment to an email or as
a link in the body of an email so long as there is a specific
reference to the IABS Form in the body of the email.
Reasons people give for wanting to open their own Brokerage:—
Ans: Wanting to create something from scratch, Wanting to be
their own boss, Wanting to train and motivate real estate agents
, 3
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to be successful, Wanting to be leader in their community or in the
industry, An entrepreneurial spirit
Two good resources for finding past statistic for the real estate
industry are— Ans: The National Association of REALTORS® and
the Real Estate Center at Texas A&M University.
The _______ indicates the strength of the economy.— Ans: Gross
domestic product or GDP
Most good economies have a GDP of about _____— Ans: 3%
A new broker will need a good real estate attorney and a good
_____ on their team.— Ans: Certified public accountant (CPA)
The Rules of the Texas Real Estate Commission require that a
© 2025 Assignment Expert
Broker have a_______ before you start hiring agents— Ans: Policy
and Procedures Manual
Policy and Procedures Manual must include— Ans: Agent's
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Authorized Activity, Advertising, Compensation, Records
Management, Trust Accounts
The new broker will want to consider three possibilities.— Ans:
Purchasing an existing real estate business, purchasing a franchise
office or a start up from scratch
All business entities engaged in real estate brokerage activity,
including ______, need to be licensed.— Ans: Partnerships
If the designated broker does NOT directly own at least 10% of the
entity TREC requires proof that the business entity maintains
_______ in the amount of $1 million per occurrence.— Ans: Errors
and omissions insurance
Two requirements that must be met for all advertisements— Ans:
Must "clearly and conspicuously contain the name of the broker,
either a business entity or an individual."
and An advertisement must include a designation that serves to
clearly identify the advertiser as a real estate agent.
TREC Qualifications to obtain a Broker's license:— Ans: Citizen of
the United States or lawfully admitted alien, 18 years of age or
, 4
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older, Resident of Texas, unless you: were licensed in Texas as a
sales agent or broker in the last two years; or you are licensed as a
broker in another state, Meet TREC's qualifications for honesty,
trustworthiness, and integrity
Instructors must pass the test with a grade of ____ or higher to be
able to teach the course— Ans: 80%
To become a Broker you need to complete your qualifying
education- ______ classroom hours of qualifying real estate
courses— Ans: 270
Principles of Real Estate I (30 classroom hours), Principles of Real
Estate II (30 classroom hours), Law of Agency (30 classroom hours),
© 2025 Assignment Expert
Law of Contracts (30 classroom hours), Promulgated Contracts
Forms (30 classroom hours), Real Estate Finance (30 classroom
hours), Real Estate Brokerage (30 classroom hours)— Ans:
Brokerage mandatory courses
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The Real Estate Brokerage course must be completed not more
than ____ years before the application date.— Ans: 2
The Broker will become both the Leader and the _____— Ans:
Manager
Broker/Owners become responsible for the______ of the entire
company— Ans: Management, operation and supervision
A broker must maintain all records for _____ years.— Ans: 4
Purchasing or starting a new brokerage business is exciting and
_____— Ans: Risky
Builders do NOT have to be _____, in Texas— Ans: Licensed
CRS—— Ans: Certified Real Estate Specialist
ABR—— Ans: Accredited Buyer's Representation
ALC—— Ans: Accredited Land Consultant
SRS—— Ans: Seller's Representation Specialist
CRB—— Ans: Certified Real Estate Broker
CPM—— Ans: Certified Property Manager
For Expert help and assignment solutions, +254707240657
TX-Brokerage (SAE) Questions and
Answers (100% Correct Answers) Already
Graded A+
The _____ is required to ascertain that Brokers are aware of all of
their responsibilities.— Ans: Texas Real Estate Commission
The _____ course is to address the regulatory aspects of the
management, operation and supervision of a real estate
© 2025 Assignment Expert
brokerage firm in Texas. The course provides an understanding
and working knowledge of a broker's responsibilities and
obligations under 22 TAC §535.2.— Ans: Broker Responsibility MCE
Guru01 - Stuvia
Who Must Take The Broker Responsibility MCE Course?— Ans: A
broker who sponsors salespersons, a designated broker of a
business entity, and a license holder who is a delegated supervisor
of one or more license holders (for six months or more during the
supervisor's current license period), to complete this six—hour
broker responsibility course to renew a license.
"Act of God"— Ans: A natural disaster or fire
Broker must, at a minimum, maintain the following records in a
format that is readily available to the Commission for at least ____
years from the date of closing, termination of the contract, or end
of a real estate transaction— Ans: 4
Recruitment of a salesperson by a broker is not regulated with the
exception that instructors or other persons associated with a ___
may NOT recruit or solicit prospective salespersons or brokers in a
classroom during class time— Ans: School
There is no provision in the Act or the TREC Rules prohibiting a
broker from _____ a salesperson or broker—associate affiliated with
another broker.— Ans: Recruiting
, 2
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________ are exempt from any of the provisions of the Texas Real
Estate License Act. They are permitted to represent clients in real
estate transactions by virtue of their license to practice law.—
Ans: Attorneys
Brokers CANNOT share their fees with attorneys who perform a
brokerage service, attorneys must seek compensation for that
service directly from one of the ______ in a transaction— Ans:
Principals
Can a listing broker share a portion of the listing broker's
commission with an attorney who represented the buyer in a real
estate transaction?— Ans: No. A broker is prohibited from sharing
fees with or otherwise compensating the attorney acting as a
© 2025 Assignment Expert
buyer's agent unless the attorney holds an active real estate
license.
Is a link to the IABS form required on my website?— Ans: Yes. Rule
Guru01 - Stuvia
531.20(b) states that each broker and sales agent must provide a
link on its homepage to the IABS Form labeled "Texas Real Estate
Commission Information About Brokerage Services".
IABS link must be in at least a ______ point font and in a readily
noticeable place on the homepage of the business website of the
broker and sales agent.— Ans: 10
Does a link to the IABS Form in my email signature satisfy the
representation disclosure required by TRELA §1101.558?— Ans:
No. Rule 531.20(d) states that providing a link to the IABS Form in a
footnote or signature block of an email is insufficient
The IABS Form can be provided by:— Ans: (1) personal delivery;
(2) first class mail or overnight common carrier delivery service; (3)
in the body of an email; or (4) as an attachment to an email or as
a link in the body of an email so long as there is a specific
reference to the IABS Form in the body of the email.
Reasons people give for wanting to open their own Brokerage:—
Ans: Wanting to create something from scratch, Wanting to be
their own boss, Wanting to train and motivate real estate agents
, 3
For Expert help and assignment solutions, +254707240657
to be successful, Wanting to be leader in their community or in the
industry, An entrepreneurial spirit
Two good resources for finding past statistic for the real estate
industry are— Ans: The National Association of REALTORS® and
the Real Estate Center at Texas A&M University.
The _______ indicates the strength of the economy.— Ans: Gross
domestic product or GDP
Most good economies have a GDP of about _____— Ans: 3%
A new broker will need a good real estate attorney and a good
_____ on their team.— Ans: Certified public accountant (CPA)
The Rules of the Texas Real Estate Commission require that a
© 2025 Assignment Expert
Broker have a_______ before you start hiring agents— Ans: Policy
and Procedures Manual
Policy and Procedures Manual must include— Ans: Agent's
Guru01 - Stuvia
Authorized Activity, Advertising, Compensation, Records
Management, Trust Accounts
The new broker will want to consider three possibilities.— Ans:
Purchasing an existing real estate business, purchasing a franchise
office or a start up from scratch
All business entities engaged in real estate brokerage activity,
including ______, need to be licensed.— Ans: Partnerships
If the designated broker does NOT directly own at least 10% of the
entity TREC requires proof that the business entity maintains
_______ in the amount of $1 million per occurrence.— Ans: Errors
and omissions insurance
Two requirements that must be met for all advertisements— Ans:
Must "clearly and conspicuously contain the name of the broker,
either a business entity or an individual."
and An advertisement must include a designation that serves to
clearly identify the advertiser as a real estate agent.
TREC Qualifications to obtain a Broker's license:— Ans: Citizen of
the United States or lawfully admitted alien, 18 years of age or
, 4
For Expert help and assignment solutions, +254707240657
older, Resident of Texas, unless you: were licensed in Texas as a
sales agent or broker in the last two years; or you are licensed as a
broker in another state, Meet TREC's qualifications for honesty,
trustworthiness, and integrity
Instructors must pass the test with a grade of ____ or higher to be
able to teach the course— Ans: 80%
To become a Broker you need to complete your qualifying
education- ______ classroom hours of qualifying real estate
courses— Ans: 270
Principles of Real Estate I (30 classroom hours), Principles of Real
Estate II (30 classroom hours), Law of Agency (30 classroom hours),
© 2025 Assignment Expert
Law of Contracts (30 classroom hours), Promulgated Contracts
Forms (30 classroom hours), Real Estate Finance (30 classroom
hours), Real Estate Brokerage (30 classroom hours)— Ans:
Brokerage mandatory courses
Guru01 - Stuvia
The Real Estate Brokerage course must be completed not more
than ____ years before the application date.— Ans: 2
The Broker will become both the Leader and the _____— Ans:
Manager
Broker/Owners become responsible for the______ of the entire
company— Ans: Management, operation and supervision
A broker must maintain all records for _____ years.— Ans: 4
Purchasing or starting a new brokerage business is exciting and
_____— Ans: Risky
Builders do NOT have to be _____, in Texas— Ans: Licensed
CRS—— Ans: Certified Real Estate Specialist
ABR—— Ans: Accredited Buyer's Representation
ALC—— Ans: Accredited Land Consultant
SRS—— Ans: Seller's Representation Specialist
CRB—— Ans: Certified Real Estate Broker
CPM—— Ans: Certified Property Manager
