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Texas State Portion Real Estate Exam |
Expert Verified Actual Questions With
Answers
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 suspension or
revocation of their license is entitled to a hearing within 30 days of the
commission reaching their decision.
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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.
What is the composition of the Broker-Lawyer Committee? -correct-answer-Six
broker members are appointed by the Texas Real Estate Commission; six attorney
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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.
Riparian and littoral rights belong to owners of -correct-answer-land bordering
bodies of water. (Riparian rights apply to owners of land bordering rivers and
streams, littoral rights to those owning land on lakes and oceans.)
Man-made additions to real estate are known as -correct-answer-Improvements,
which become part of the real property, include man-made additions like sewers,
roads, and buildings.
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A legal description that includes phrases such as "starting at the intersection of
Smith and Baird roads and proceeding westerly 150 feet to a stream" is referred to
as -correct-answer-metes and bounds
When construction of a new building has been completed in a satisfactory
manner, the local building inspector issues -correct-answer-a certificate of
occupancy.
Accretions or soil deposits added to property adjoining a river may also be
referred to as -correct-answer-alluvion
Alluvion is an -correct-answer-addition of land to an owner along rivers and
streams. An example of this addition would be a sand bar developing on a river
bed
Deed restrictions are the creation of a -correct-answer-previous property owner.
Which of the following is a government right in land? -correct-answer-eminent
domain by a public utility company
Texas State Portion Real Estate Exam |
Expert Verified Actual Questions With
Answers
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 suspension or
revocation of their license is entitled to a hearing within 30 days of the
commission reaching their decision.
,2|Page
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.
What is the composition of the Broker-Lawyer Committee? -correct-answer-Six
broker members are appointed by the Texas Real Estate Commission; six attorney
,3|Page
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.
Riparian and littoral rights belong to owners of -correct-answer-land bordering
bodies of water. (Riparian rights apply to owners of land bordering rivers and
streams, littoral rights to those owning land on lakes and oceans.)
Man-made additions to real estate are known as -correct-answer-Improvements,
which become part of the real property, include man-made additions like sewers,
roads, and buildings.
, 4|Page
A legal description that includes phrases such as "starting at the intersection of
Smith and Baird roads and proceeding westerly 150 feet to a stream" is referred to
as -correct-answer-metes and bounds
When construction of a new building has been completed in a satisfactory
manner, the local building inspector issues -correct-answer-a certificate of
occupancy.
Accretions or soil deposits added to property adjoining a river may also be
referred to as -correct-answer-alluvion
Alluvion is an -correct-answer-addition of land to an owner along rivers and
streams. An example of this addition would be a sand bar developing on a river
bed
Deed restrictions are the creation of a -correct-answer-previous property owner.
Which of the following is a government right in land? -correct-answer-eminent
domain by a public utility company
