Texas Real Estate Exam UPDATED ACTUAL QUESTIONS
AND CORRECT Answers
License Required broker, salesperson, apartment locator (display), property manager, raw land
sales, timeshare sales, brokerage
Easement or Right of Way cannot be sold, bought, leased, or transferred for another for compensation
for use in telecommunication, utility, R/R, pipeline UNLESS:
licensed broker/sales, exempt from act, registered with commission under
Subchapter K
application for this requires background check and fingerprinting
Exemptions from License Act attorneys, court appointed, public official, auction caller, executor of estate, on
site apt. manager, new home sales for 1 builder, cemetery lot sales, owner and
employees in renting/leasing own RE, renting/leasing/managing hotel, rental
locator owner
Nonresident Broker TX broker cooperates with and share commission
ALL negotiations in TX handled by TX licensee
Inspector professional inspection: professional license required
real estate inspector: RE inspector license required and must be supervised by
professional inspector
apprentice inspector: licensed and under supervision of either professional
inspector or RE inspector
ALL home inspectors=liability ins.> $100000/ event
Appraiser General Certified RE Appraiser: 300 class hours/Bachelors or 30 sem hours in
Eng., Micro Econ, Macro Econ, Fin, Stat, Bus, RE Law
Residential Certified RE Appraiser: 200 class hours/Associates or 21 sem hours
in above
State licensed RE Appraiser and Provisional Licensed RE Appraiser: 150 class
hours
Appraiser Trainee: 75 class hours/RE courses (60), National USPAP (15)
AND CORRECT Answers
License Required broker, salesperson, apartment locator (display), property manager, raw land
sales, timeshare sales, brokerage
Easement or Right of Way cannot be sold, bought, leased, or transferred for another for compensation
for use in telecommunication, utility, R/R, pipeline UNLESS:
licensed broker/sales, exempt from act, registered with commission under
Subchapter K
application for this requires background check and fingerprinting
Exemptions from License Act attorneys, court appointed, public official, auction caller, executor of estate, on
site apt. manager, new home sales for 1 builder, cemetery lot sales, owner and
employees in renting/leasing own RE, renting/leasing/managing hotel, rental
locator owner
Nonresident Broker TX broker cooperates with and share commission
ALL negotiations in TX handled by TX licensee
Inspector professional inspection: professional license required
real estate inspector: RE inspector license required and must be supervised by
professional inspector
apprentice inspector: licensed and under supervision of either professional
inspector or RE inspector
ALL home inspectors=liability ins.> $100000/ event
Appraiser General Certified RE Appraiser: 300 class hours/Bachelors or 30 sem hours in
Eng., Micro Econ, Macro Econ, Fin, Stat, Bus, RE Law
Residential Certified RE Appraiser: 200 class hours/Associates or 21 sem hours
in above
State licensed RE Appraiser and Provisional Licensed RE Appraiser: 150 class
hours
Appraiser Trainee: 75 class hours/RE courses (60), National USPAP (15)
