TEXAS REAL ESTATE PRINCIPLES 1
EXAM QUESTIONS & UPDATED
COMPLETE SOLUTIONS PASSED
Trec Commission Membership - Correct Answer ✔✔ 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Broker Lawyer Committee - Correct Answer ✔✔ 13 Members (6
brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - Correct Answer ✔✔ 18
years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required separate of the license when - Correct Answer ✔✔ buying,
selling or leasing an easement pertaining to telecommunication, utility, railroad or
pipeline services.
Payments into Trust Account - Correct Answer ✔✔ ensures the availability of a
sufficient amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - Correct Answer ✔✔ acting
negligently or incompetently, comingling money and soliciting or selling offers for the
sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - Correct Answer ✔✔ it must
be taken to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - Correct Answer ✔✔ A copy of
the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
Correct Answer ✔✔ Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - Correct Answer ✔✔
That agent has to join the "NAR" National Association of Realtors to be called a
"Realtor"
, What was the Fair Housing Laws or Civil Rights Act of 1866 - Correct Answer ✔✔
FEDERAL LAW that where the only protected class was Race. No one can discriminate
because of RACE.
Civil Rights Act of 1968 - Correct Answer ✔✔ Amended the Civil Rights Act of 1866 to
include race, color, national origin, religion,
Civil Rights Act of 1974 - Correct Answer ✔✔ Amended to include Sex (Male or
Female)
Civil Rights Act of 1988 - Correct Answer ✔✔ Amended to include Handicap and
Familial status
Define Handicapped - Correct Answer ✔✔ having a physical or mental disability
(including hearing, mobility, visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Steering - Correct Answer ✔✔ Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - Correct Answer ✔✔ agent must refuse to take the
listing
ADA Americans with Disabilities Act - Correct Answer ✔✔ enacted in 1992 deals with
commercial property only
Personal Property - Correct Answer ✔✔ Things not attached to the land
Chattel - Correct Answer ✔✔ also known as Personal Property
How is Personal Property sold - Correct Answer ✔✔ Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - Correct Answer
✔✔ Personal Property
Appurtenances - Correct Answer ✔✔ right or privilidge to land that goes with the land
when ownership changes such as parking lot spaces, easements, right or ways
Fixture - Correct Answer ✔✔ was personal property but then became real estate
because it has been attached to the land
Tests of a fixture - Correct Answer ✔✔ method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
EXAM QUESTIONS & UPDATED
COMPLETE SOLUTIONS PASSED
Trec Commission Membership - Correct Answer ✔✔ 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Broker Lawyer Committee - Correct Answer ✔✔ 13 Members (6
brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - Correct Answer ✔✔ 18
years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required separate of the license when - Correct Answer ✔✔ buying,
selling or leasing an easement pertaining to telecommunication, utility, railroad or
pipeline services.
Payments into Trust Account - Correct Answer ✔✔ ensures the availability of a
sufficient amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - Correct Answer ✔✔ acting
negligently or incompetently, comingling money and soliciting or selling offers for the
sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - Correct Answer ✔✔ it must
be taken to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - Correct Answer ✔✔ A copy of
the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
Correct Answer ✔✔ Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - Correct Answer ✔✔
That agent has to join the "NAR" National Association of Realtors to be called a
"Realtor"
, What was the Fair Housing Laws or Civil Rights Act of 1866 - Correct Answer ✔✔
FEDERAL LAW that where the only protected class was Race. No one can discriminate
because of RACE.
Civil Rights Act of 1968 - Correct Answer ✔✔ Amended the Civil Rights Act of 1866 to
include race, color, national origin, religion,
Civil Rights Act of 1974 - Correct Answer ✔✔ Amended to include Sex (Male or
Female)
Civil Rights Act of 1988 - Correct Answer ✔✔ Amended to include Handicap and
Familial status
Define Handicapped - Correct Answer ✔✔ having a physical or mental disability
(including hearing, mobility, visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Steering - Correct Answer ✔✔ Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - Correct Answer ✔✔ agent must refuse to take the
listing
ADA Americans with Disabilities Act - Correct Answer ✔✔ enacted in 1992 deals with
commercial property only
Personal Property - Correct Answer ✔✔ Things not attached to the land
Chattel - Correct Answer ✔✔ also known as Personal Property
How is Personal Property sold - Correct Answer ✔✔ Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - Correct Answer
✔✔ Personal Property
Appurtenances - Correct Answer ✔✔ right or privilidge to land that goes with the land
when ownership changes such as parking lot spaces, easements, right or ways
Fixture - Correct Answer ✔✔ was personal property but then became real estate
because it has been attached to the land
Tests of a fixture - Correct Answer ✔✔ method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
