TEXAS SAE REAL ESTATE APPRAISAL TEST
BANK 2026 UPDATED 200+ QUESTIONS
AND ANSWERS GRADED A+
⩥ The _____ course is to address the regulatory aspects of the
management, operation and supervision of a real estate brokerage firm in
Texas. The course provides an understanding and working knowledge of
a broker's responsibilities and obligations under 22 TAC §535.2.
Answer: Broker Responsibility MCE
⩥ Who Must Take The Broker Responsibility MCE Course? Answer: 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" Answer: 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 Answer: 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 Answer: 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. Answer: Recruiting
⩥ ________ 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. Answer: 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 Answer: 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?
Answer: No. A broker is prohibited from sharing fees with or otherwise
compensating the attorney acting as a buyer's agent unless the attorney
holds an active real estate license.
⩥ Is a link to the IABS form required on my website? Answer: Yes. Rule
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. Answer: 10
⩥ Does a link to the IABS Form in my email signature satisfy the
representation disclosure required by TRELA §1101.558? Answer: 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: Answer: (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:
Answer: Wanting to create something from scratch, Wanting to be their
own boss, Wanting to train and motivate real estate agents 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 Answer: The National Association of REALTORS® and the
Real Estate Center at Texas A&M University.
⩥ The _______ indicates the strength of the economy. Answer: Gross
domestic product or GDP
⩥ Most good economies have a GDP of about _____ Answer: 3%
⩥ A new broker will need a good real estate attorney and a good _____
on their team. Answer: Certified public accountant (CPA)
⩥ The Rules of the Texas Real Estate Commission require that a Broker
have a_______ before you start hiring agents Answer: Policy and
Procedures Manual
⩥ Policy and Procedures Manual must include Answer: Agent's
Authorized Activity, Advertising, Compensation, Records Management,
Trust Accounts
⩥ The new broker will want to consider three possibilities. Answer:
Purchasing an existing real estate business, purchasing a franchise office
or a start up from scratch
BANK 2026 UPDATED 200+ QUESTIONS
AND ANSWERS GRADED A+
⩥ The _____ course is to address the regulatory aspects of the
management, operation and supervision of a real estate brokerage firm in
Texas. The course provides an understanding and working knowledge of
a broker's responsibilities and obligations under 22 TAC §535.2.
Answer: Broker Responsibility MCE
⩥ Who Must Take The Broker Responsibility MCE Course? Answer: 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" Answer: 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 Answer: 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 Answer: 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. Answer: Recruiting
⩥ ________ 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. Answer: 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 Answer: 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?
Answer: No. A broker is prohibited from sharing fees with or otherwise
compensating the attorney acting as a buyer's agent unless the attorney
holds an active real estate license.
⩥ Is a link to the IABS form required on my website? Answer: Yes. Rule
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. Answer: 10
⩥ Does a link to the IABS Form in my email signature satisfy the
representation disclosure required by TRELA §1101.558? Answer: 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: Answer: (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:
Answer: Wanting to create something from scratch, Wanting to be their
own boss, Wanting to train and motivate real estate agents 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 Answer: The National Association of REALTORS® and the
Real Estate Center at Texas A&M University.
⩥ The _______ indicates the strength of the economy. Answer: Gross
domestic product or GDP
⩥ Most good economies have a GDP of about _____ Answer: 3%
⩥ A new broker will need a good real estate attorney and a good _____
on their team. Answer: Certified public accountant (CPA)
⩥ The Rules of the Texas Real Estate Commission require that a Broker
have a_______ before you start hiring agents Answer: Policy and
Procedures Manual
⩥ Policy and Procedures Manual must include Answer: Agent's
Authorized Activity, Advertising, Compensation, Records Management,
Trust Accounts
⩥ The new broker will want to consider three possibilities. Answer:
Purchasing an existing real estate business, purchasing a franchise office
or a start up from scratch
