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Which of the following is a requirement for the Texas real
estate sales agent
license? - ANSWER-1 - College
Degree
2 - 30 hours of Real Estate
Principles only
*3 - Show competency by passing the
licensing exam*
4 - Must be Texan by
birth
An active sales agent license may only be issued under
__________. -
ANSWER-1 - Court
order
*2 - The sponsorship of a licensed
broker*
,3 - The supervision of a fellow
sales agent
4 - The Deceptive Trade
Practice Act
A license holder must not prepare which of the
following documents -
ANSWER-1 - Option
agreements
2 - Title
commitments
3 -
Wills
*4 - A license holder must not prepare any of these
documents*
In order to comply with the ______, contracts for the
conveyance of an interest
in real estate or leases for a term of more than one year must
be in writing -
ANSWER-- Statute of
Frauds
Broker Bernardo has signed a sales contract that has not yet
gone to the closing table. Therefore, Bernardo has a(n)
______________ contract - ANSWER-- Executory
Bryan's client shows up to his closing after drinking three
beers at a baseball
, game. Due to his consumption of alcohol, the closing
cannot take place
because Bryan's client is not legally __________ -
ANSWER-- Impaired
Four categories of unlawful trade practices are: - ANSWER-1
- Misleading or
deceptive conduct employed by any person that was
relied upon by the
consumer to the consumer's
detriment
2 - Breach of express or implied warranties
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
Todd planted two live oaks and four magnolia trees on his 3 AC
property. These
trees are examples of - ANSWER-* -
Improvements*
-
Emblements
- Fixtures
- Personal
property