TEXAS REAL ESTATE EXAM (STATE
PORTION) 350 ACTUAL EXAM
QUESTIONS AND ANSWERS
GRADED A+
When terminating the sponsorship of a salesperson, the broker must
A) notify the salesperson in writing of the termination and immediately
return the salesperson's license to the Texas Real Estate Commission.
B) return the salesperson's license, along with a letter of termination, to
the Real Estate Commission.
C) do nothing as the salesperson is responsible for notifying the Real
Estate Commission of the change.
D) give the salesperson an official letter of termination that the
salesperson can send to the Real Estate Commission. - ANSWER- A)
Notify the salesperson in writing of the termination and immediately
return the salesperson's license to the Texas Real Estate
Commission.
In regards to rebates, all of the following are true EXCEPT
,A) accepting an undisclosed rebate or profit on an expenditure for a
principal demonstrates lack of ability to perform with honesty,
trustworthiness, and integrity.
B) title insurance companies are prohibited from paying rebates to real
estate licensees.
C) if a real estate licensee accepts a rebate or direct profit on an
expenditure made for a principal, it must be disclosed to the party they
represent.
D) it is illegal for a broker to rebate a portion of the commission to a
principal to a transaction. - ANSWER- D) It is illegal for a broker to
rebate a portion of the commission to a principal to a transaction.
How long may a temporary lease be used?
A) 90 days
B) 60 days
C) 30 days
D) 120 days - ANSWER- A) 90 days.
In any real estate sales transaction that a broker negotiates, the broker
would be well advised to do all of the following EXCEPT
A) provide the buyer the broker's personal opinion of the condition of
the seller's title to the property.
B) make sure that the closing statement is accurate and that a copy of it
is delivered to both the buyer and the seller.
C) make sure that the written purchase and sales agreement includes all
of the terms of the parties' agreement.
,D) keep copies of all documents involved in the transaction in the
broker's files for five years after the year in which the transaction was
closed. - ANSWER- A) Provide the buyer the broker's personal
opinion of the condition of the seller's title to the property.
In a situation where the Seller's Disclosure of Property Condition is
required, in order to have a contract that cannot be terminated by a buyer
for failure to receive the disclosure on or before the effective date of an
executory contract binding the purchaser to purchase the property, the
seller's agent should ensure the disclosure be delivered to the buyer or
the buyer's agent
A) prior to closing.
B) at the time of the home inspection.
C) at the time that the seller agrees to the offer.
D) prior to the buyer's making a written offer. - ANSWER- D) Prior to
the buyer's making a written offer.
A real estate license may be suspended or revoked for
A) publishing an advertisement that may create a misleading impression.
B) specifying a definite termination date in a listing contract.
C) including "owner/agent" in an advertisement to sell the license
holder's own home.
D) failing to properly account for the license holder's business expenses.
- ANSWER- A) Publishing an advertisement that may create a
misleading impression.
, Who must notify a buyer in writing of the importance of getting an
abstract examined by an attorney of the buyer's choice or obtaining an
owner's title policy prior to closing?
A) Broker or salesperson
B) Title company
C) Seller
D) Buyer's attorney - ANSWER- A) Broker or salesperson.
A person acting as a real estate broker, real estate salesperson, or a right-
of-way agent without a license or registration is guilty of a Class A
misdemeanor that is punishable by a fine of NOT
A) more than $2,000.
B) neither less than $1,000 nor more than $2,000.
C) neither less than $3,000 nor more than $4,000.
D) more than $4,000. - ANSWER- D) More than $4,000.
The answer is more than $4,000. A violation of the License Act by an
unlicensed person is a Class A misdemeanor, which is punishable by up
to a $4,000 fine or imprisonment for a term not to exceed one year or
both.
A broker has developed a website advertising the broker's office. What,
if anything, does the broker need to include?
A) No need for any additional disclosures
B) Names, addresses, and phone numbers of active license holders
PORTION) 350 ACTUAL EXAM
QUESTIONS AND ANSWERS
GRADED A+
When terminating the sponsorship of a salesperson, the broker must
A) notify the salesperson in writing of the termination and immediately
return the salesperson's license to the Texas Real Estate Commission.
B) return the salesperson's license, along with a letter of termination, to
the Real Estate Commission.
C) do nothing as the salesperson is responsible for notifying the Real
Estate Commission of the change.
D) give the salesperson an official letter of termination that the
salesperson can send to the Real Estate Commission. - ANSWER- A)
Notify the salesperson in writing of the termination and immediately
return the salesperson's license to the Texas Real Estate
Commission.
In regards to rebates, all of the following are true EXCEPT
,A) accepting an undisclosed rebate or profit on an expenditure for a
principal demonstrates lack of ability to perform with honesty,
trustworthiness, and integrity.
B) title insurance companies are prohibited from paying rebates to real
estate licensees.
C) if a real estate licensee accepts a rebate or direct profit on an
expenditure made for a principal, it must be disclosed to the party they
represent.
D) it is illegal for a broker to rebate a portion of the commission to a
principal to a transaction. - ANSWER- D) It is illegal for a broker to
rebate a portion of the commission to a principal to a transaction.
How long may a temporary lease be used?
A) 90 days
B) 60 days
C) 30 days
D) 120 days - ANSWER- A) 90 days.
In any real estate sales transaction that a broker negotiates, the broker
would be well advised to do all of the following EXCEPT
A) provide the buyer the broker's personal opinion of the condition of
the seller's title to the property.
B) make sure that the closing statement is accurate and that a copy of it
is delivered to both the buyer and the seller.
C) make sure that the written purchase and sales agreement includes all
of the terms of the parties' agreement.
,D) keep copies of all documents involved in the transaction in the
broker's files for five years after the year in which the transaction was
closed. - ANSWER- A) Provide the buyer the broker's personal
opinion of the condition of the seller's title to the property.
In a situation where the Seller's Disclosure of Property Condition is
required, in order to have a contract that cannot be terminated by a buyer
for failure to receive the disclosure on or before the effective date of an
executory contract binding the purchaser to purchase the property, the
seller's agent should ensure the disclosure be delivered to the buyer or
the buyer's agent
A) prior to closing.
B) at the time of the home inspection.
C) at the time that the seller agrees to the offer.
D) prior to the buyer's making a written offer. - ANSWER- D) Prior to
the buyer's making a written offer.
A real estate license may be suspended or revoked for
A) publishing an advertisement that may create a misleading impression.
B) specifying a definite termination date in a listing contract.
C) including "owner/agent" in an advertisement to sell the license
holder's own home.
D) failing to properly account for the license holder's business expenses.
- ANSWER- A) Publishing an advertisement that may create a
misleading impression.
, Who must notify a buyer in writing of the importance of getting an
abstract examined by an attorney of the buyer's choice or obtaining an
owner's title policy prior to closing?
A) Broker or salesperson
B) Title company
C) Seller
D) Buyer's attorney - ANSWER- A) Broker or salesperson.
A person acting as a real estate broker, real estate salesperson, or a right-
of-way agent without a license or registration is guilty of a Class A
misdemeanor that is punishable by a fine of NOT
A) more than $2,000.
B) neither less than $1,000 nor more than $2,000.
C) neither less than $3,000 nor more than $4,000.
D) more than $4,000. - ANSWER- D) More than $4,000.
The answer is more than $4,000. A violation of the License Act by an
unlicensed person is a Class A misdemeanor, which is punishable by up
to a $4,000 fine or imprisonment for a term not to exceed one year or
both.
A broker has developed a website advertising the broker's office. What,
if anything, does the broker need to include?
A) No need for any additional disclosures
B) Names, addresses, and phone numbers of active license holders
