(Updated for 2026) Exam Prep Pack | A+ Questions
30+
& Verified Answers
VERIFIED ANSWERS
Question 1
Texas Real Estate Commission (TREC)
Correct Answer
-created in 1949
-purpose: to administer the provisions of the License Act
-authority to make rules and regulations
-9 members (3 represent the general public, 6 are real estate brokers)
-all appointed by the governor and approved by the Senate
-serve 6 year terms
-has the power to subpoena books, records, and witnesses
-has the power to issue or revoke Real Estate Licenses
Question 2
Broker Lawyer Committee
Correct Answer
-writes promulgated contract forms
-13 members (6 are brokers appointed by TREC, 6 are lawyers appointed by the President of the State Bar Association, 1
is a public member appointed by the governor)
Question 3
Real Estate Recovery Fund
Correct Answer
created by TREC to pay aggrieved persons who suffered a monetary loss due to unscrupulous acts of the licensees
-persons can receive up to 3 times the amount of money lost
-when an amount is paid out of it, the license of the individual is automatically revoked or suspended without a hearing
(cannot be recovered until the fund has been repaid with interest)
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, Question 4
persons who must have a real estate license
Correct Answer
1.attorneys who participate in a commission split
2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
5.the designated officer of a licensed real estate corporation or the designated manager of a licensed Real Estate Limited
Liability Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND RECEIVE COMMISSIONS ONLY FROM THAT BROKER
Question 5
steps in obtaining a real estate license
Correct Answer
1. meet the educational requirements
2. submit an application with or without a sponsoring broker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
Question 6
licensing requirements
Correct Answer
-18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
Question 7
educational requirements
Correct Answer
180 classroom hours with a minimum of 120 in core real estate courses
-60 hours in Principles of Real Estate, 30 hours in Law of Contracts, 30 hours in the Law of Agency are mandatory
Question 8
TREC Consumer information form 1-1
Correct Answer
-notifies the public of the recovery fund
-applies to both real estate licensees and inspectors
-must be displayed in the broker's office
-must be included in listing and buyer representation agreements, as well as any invoices for services
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