TEXAS STATE PORTION REAL ESTATE EXAM
2025 UPDATED ACTUAL EXAM WITH
CORRECT SOLUTIONS.
Who is responsible for any wrongs done by a salesperson while
acting within the scope of the agency agreement? - correct
answer- The broker is liable for the wrongdoing of his or her
salespersons. The principal is liable for any wrongs committed
by the broker while acting within the scope of the agency
agreement.
what is the distinction between sales contracts and option
contracts? - correct answer- One characteristic of sales
contracts is mutual obligation. Option contracts lack mutual
obligation. The buyer in an option contract is not obligated to
buy.
A listing agreement must contain: - correct answer- a standard
street address is sufficient.
If the commission investigates a complaint and determines that
an individual's real estate license should be suspended or
revoked, the licensee is entitled to a hearing before the
commission within how many days after the commission
reaches its decision? - correct answer- A licensee who faces
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suspension or revocation of their license is entitled to a hearing
within 30 days of the commission reaching their decision.
Which of the licensed entities does not fall under the regulatory
authority of the Texas Real Estate Commission? - correct
answer- The Texas Appraiser Licensing and Certification Board
has jurisdiction over state licensed and certified appraisers. In
addition to licensing brokers and salespersons, the Texas Real
Estate Commission is responsible for licensing real estate
inspectors and for regulation of companies that sell and issue
residential service contracts ("home warranties"). (Article
65736, Vernon's Texas Civil Statutes.
A licensee in Texas may not practice law, unless licensed and
authorized to do so in Texas. Practicing law includes altering
contracts, or drawing up: - correct answer- a deed, deed of
trust, will, or other written instrument that may transfer or affect
the title to land.
What penalties may a licensee who breaches the agency
relationship face? - correct answer- A licensee who breaches
the agency relationship may be sued for damages, termination
of the contract, and/or non-payment of the commission.
Undisclosed dual agency is: - correct answer- a violation of the
TRELA.
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What is the composition of the Broker-Lawyer Committee? -
correct answer- Six broker members are appointed by the
Texas Real Estate Commission; six attorney members are
appointed by the President of the State Bar of Texas. The
appointees serve a term of six years with one-third of them
being appointed every two years.
A licensee must disclose any existing agency relationships to a
new client. This disclosure: - correct answer- may be done
orally or in writing.
A broker may do which of the following for an individual without
actually representing the individual? - correct answer- A broker
may obtain financing, assist in locating a property, and prepare
a contract or lease for an individual without representing the
individual.
A real estate licensee must notify the real estate program
manager if: - correct answer- A licensee must notify the real
estate program manager within 20 days of receiving any
criminal complaint, information, indictment, or conviction in
which the licensee is named as a defendant; or entry of a civil
court order, verdict, or judgment, against the licensee in any
court of competent jurisdiction in which the subject matter
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therein involves any real estate or business-related activity by
the licensee.
Pamela, who lives in a suburb in which many homes are
rented, decides to open a rental agency in order to assist her
friends in finding suitable renters. Pamela's conduct is - correct
answer- unacceptable because it involves an activity for which
a real estate license is required.
The sole broker of a brokerage firm has his or her real estate
license suspended for two years. What would happen to the
licenses of the salespersons affiliated with this broker? - correct
answer- If the broker's license is suspended or revoked, the
salespersons' licenses are made inactive and must be returned
to the commission. A salesperson's license may be made active
when the salesperson is sponsored by a new broker.
Which agency is responsible for the contract forms used by
Texas licensees? - correct answer- The Texas Real Estate
Commission
A community property with rights of survivorship agreement
must: - correct answer- doesn't need to go through probate,
must be signed by both spouses, must include the property
description, be in writing, contain wording that makes evident