PRINCIPLES OF LATEST
REAL ESTATE I
The commission may adopt rules that require license holders to use
certain contract forms ad-
opted by the Commission:
a. In all transactions
b. In all transactions, except those where a form has been prepared by
the property owner or the
property owner's attorney
c. In all transactions, unless the broker or salesperson prefers a different
contract form
d. In all transactions, unless the buyer or seller instructs the broker to
create a specialized
contract form - ANSWERS-B
A portion of the broker and salesperson application fee is paid to:
a. The Texas Real Estate Research Center
b. The Real Estate Marketing Center
c. The Governor
d. The Texas Association of Realtors® - ANSWERS-A
END OF
PAGE
1
, PRINCIPLES OF LATEST
REAL ESTATE I
The Commission has subpoena authority that includes the:
a. Calling of witnesses
b. Examination of witnesses under oath
c. Delivery of records and documents
d. All of the above - ANSWERS-D
Members of advisory committees created by the Commission are
compensated on an hourly basis for
their service on the committee.
a. True
b. False - ANSWERS-B
The Commission may solicit and accept gifts, grants and donations
from:
a. The Advisory Committee
b. The Research Center
c. Any source
d. Licensees only - ANSWERS-C
END OF
PAGE
2
, PRINCIPLES OF LATEST
REAL ESTATE I
A broker must display, in each place of business that a broker maintains,
the:
a. Notice of Lead Based Paint Hazards
b. Consumer Information Form 1-1
c. Information About Brokerage Services
d. Notice of Intermediary - ANSWERS-B
The Commission will investigate a complaint that is:
a. Filed with the Commission
b. Written and signed
c. Oral or written
d. Filed within six years of the date of the incident - ANSWERS-B
The Commission is required to prioritize the investigation of complaints
based upon:
a. The degree of potential harm to a consumer
b. Potential for immediate harm to a consumer
c. Overall severity of the allegations in the complaint
END OF
PAGE
3
, PRINCIPLES OF LATEST
REAL ESTATE I
d. All of the above - ANSWERS-D
The Texas Broker-Lawyer Committee:
a. Has nine members appointed by the governor
b. Has eleven members appointed by the governor
c. Writes the TREC-promulgated contract forms
d. Approves and promulgates all TREC contract forms - ANSWERS-C
A residential apartment locator in Texas is not required to be a license
holder.
a. True
b. False - ANSWERS-B
An applicant for a real estate license must disclose in the license
application whether the
appli- cant has
a. Been convicted of a felony
b. Entered a plea of nolo contendere to a felony
END OF
PAGE
4
REAL ESTATE I
The commission may adopt rules that require license holders to use
certain contract forms ad-
opted by the Commission:
a. In all transactions
b. In all transactions, except those where a form has been prepared by
the property owner or the
property owner's attorney
c. In all transactions, unless the broker or salesperson prefers a different
contract form
d. In all transactions, unless the buyer or seller instructs the broker to
create a specialized
contract form - ANSWERS-B
A portion of the broker and salesperson application fee is paid to:
a. The Texas Real Estate Research Center
b. The Real Estate Marketing Center
c. The Governor
d. The Texas Association of Realtors® - ANSWERS-A
END OF
PAGE
1
, PRINCIPLES OF LATEST
REAL ESTATE I
The Commission has subpoena authority that includes the:
a. Calling of witnesses
b. Examination of witnesses under oath
c. Delivery of records and documents
d. All of the above - ANSWERS-D
Members of advisory committees created by the Commission are
compensated on an hourly basis for
their service on the committee.
a. True
b. False - ANSWERS-B
The Commission may solicit and accept gifts, grants and donations
from:
a. The Advisory Committee
b. The Research Center
c. Any source
d. Licensees only - ANSWERS-C
END OF
PAGE
2
, PRINCIPLES OF LATEST
REAL ESTATE I
A broker must display, in each place of business that a broker maintains,
the:
a. Notice of Lead Based Paint Hazards
b. Consumer Information Form 1-1
c. Information About Brokerage Services
d. Notice of Intermediary - ANSWERS-B
The Commission will investigate a complaint that is:
a. Filed with the Commission
b. Written and signed
c. Oral or written
d. Filed within six years of the date of the incident - ANSWERS-B
The Commission is required to prioritize the investigation of complaints
based upon:
a. The degree of potential harm to a consumer
b. Potential for immediate harm to a consumer
c. Overall severity of the allegations in the complaint
END OF
PAGE
3
, PRINCIPLES OF LATEST
REAL ESTATE I
d. All of the above - ANSWERS-D
The Texas Broker-Lawyer Committee:
a. Has nine members appointed by the governor
b. Has eleven members appointed by the governor
c. Writes the TREC-promulgated contract forms
d. Approves and promulgates all TREC contract forms - ANSWERS-C
A residential apartment locator in Texas is not required to be a license
holder.
a. True
b. False - ANSWERS-B
An applicant for a real estate license must disclose in the license
application whether the
appli- cant has
a. Been convicted of a felony
b. Entered a plea of nolo contendere to a felony
END OF
PAGE
4
