- Study guides, Class notes & Summaries

Who must hold a real estate license in Texas to perform real estate activities for compensation? Anyone engaging in selling, buying, leasing, or exchanging real estate for others. Which document must be provided to a prospective client at the first substantive discussion? Information About Brokerage Services (IABS) form. What is the minimum age requirement to obtain a Texas real estate salesperson license? 18 years old. What educational requirement must be met before applying for a s...

Texas Real Estate Practice Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified Which type of property ownership allows two or more people to hold unequal shares with no right of survivorship? A) Joint tenancy B) Tenancy in common C) Fee simple absolute D) Life estate B) Tenancy in common What is the purpose of the Texas Real Estate Commission (TREC)? A) Set property taxes B) License and regulate real estate professionals C) Appraise properties D) Sell s...

What is the essential purpose of legal descriptions of real property? a) To create a consistent, unchanging standard for uniquely locating a property. b) To enable courts and attorneys to calculate property size accurately. c) To comply with common law for real property. d) To eliminate cumbersome metes and bounds description. - a) To create a consistent, unchanging standard for uniquely locating a property. A county or municipal authority usually grants a certificate of occupancy for new ...

texas real estate practice exam

Texas Real Estate Practice Exam Questions and Answers

Who promulgates forms for mandatory use by Texas brokers and salespersons? Correct Answer Texas Real Estate Commission In Texas, unless stated to the contrary in a deed, ownership of land by a married couple is assumed to be by Correct Answer Community Property Regarding community property, which of the following is TRUE? Correct Answer Neither spouse may sell any real estate owned as part of their community property, unless both spouses sign the sales contract and deed. A homestead is ...

A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. Correct Answer b) Trade fixtures that are personal property. Property can be converted from real to personal property and from personal property to real property by means of which processes respectively? ...