TEXAS REAL ESTATE PRINCIPLES 1
EXAM QUESTIONS & ANSWERS
ALREADY PASSED GRADED A+
Trek 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
When dealing with a client it is mandatory to give them - correct answer ✔✔A copy of the
"Information about brokerage services" form
, 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.
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
Steering - correct answer ✔✔Illegal 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.
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.
If a seller asks agent to discriminate - correct answer ✔✔agent must refuse to take the listing
EXAM QUESTIONS & ANSWERS
ALREADY PASSED GRADED A+
Trek 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
When dealing with a client it is mandatory to give them - correct answer ✔✔A copy of the
"Information about brokerage services" form
, 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.
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
Steering - correct answer ✔✔Illegal 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.
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.
If a seller asks agent to discriminate - correct answer ✔✔agent must refuse to take the listing
