Texas STATE Portion Real Estate
Exam Questions and Answers15
DTPA allows for recovery off - ANSWERS-triple (aka treble) damages
example of DPTA violation - ANSWERS-negligent misrepresentation of material fact
If you die intestate - ANSWERS-Law of Descent/court administrator
If you die testate - ANSWERS-Title by Devise;executor/probate
probate must begin within _____ years of death - ANSWERS-4
transfer of title at a probate hearing is final in ____days - ANSWERS-30
landlords must provide new locks no later than ______ days after a new tenant takes possession
- ANSWERS-7
Foreclosure sales in Texas are on - ANSWERS-the first Tuesday of the month
majority of foreclosures in Texas are nonjudicial because of the - ANSWERS-deed of trust
property rights are recorded - ANSWERS-in the county where it is located
recording property - ANSWERS-gives legal notice to the world
, a deed, mortgage or other real estate instrument is not effective - ANSWERS-if it is not recorded
Texas Veterans Land Board - ANSWERS-lower than prevailing market rates/borrow up to
$125,00 for improvements/only 5% down on a 30-year loan
Housing Assistance Program is available to - ANSWERS-surviving spouses
How many members in TREC? - ANSWERS-9: 3 general public, 6 brokers
Who appoints, confirms TREC members? - ANSWERS-Governor appoints, senate approves
How many members on the Broker-Lawyer Committee? - ANSWERS-13: 6 brokers, 6 lawyers, 1
public member
Who appoints Broker-Lawyer committee members? - ANSWERS-Brokers/TREC, Lawyers/Pres of
State Bar, Public Member/Governor
Where is the Real Estate Advisory Committee? - ANSWERS-Texas A & M
Who is on the Real Estate Advisory Committee? - ANSWERS-10 members: 6 brokers, 3 public
members, 1 ex TREC officio
How long does an individual have after an incident to file a complaint against a license holder? -
ANSWERS-4 years
If your license is revoked by TREC, you may..... - ANSWERS-appeal to the district court
Exam Questions and Answers15
DTPA allows for recovery off - ANSWERS-triple (aka treble) damages
example of DPTA violation - ANSWERS-negligent misrepresentation of material fact
If you die intestate - ANSWERS-Law of Descent/court administrator
If you die testate - ANSWERS-Title by Devise;executor/probate
probate must begin within _____ years of death - ANSWERS-4
transfer of title at a probate hearing is final in ____days - ANSWERS-30
landlords must provide new locks no later than ______ days after a new tenant takes possession
- ANSWERS-7
Foreclosure sales in Texas are on - ANSWERS-the first Tuesday of the month
majority of foreclosures in Texas are nonjudicial because of the - ANSWERS-deed of trust
property rights are recorded - ANSWERS-in the county where it is located
recording property - ANSWERS-gives legal notice to the world
, a deed, mortgage or other real estate instrument is not effective - ANSWERS-if it is not recorded
Texas Veterans Land Board - ANSWERS-lower than prevailing market rates/borrow up to
$125,00 for improvements/only 5% down on a 30-year loan
Housing Assistance Program is available to - ANSWERS-surviving spouses
How many members in TREC? - ANSWERS-9: 3 general public, 6 brokers
Who appoints, confirms TREC members? - ANSWERS-Governor appoints, senate approves
How many members on the Broker-Lawyer Committee? - ANSWERS-13: 6 brokers, 6 lawyers, 1
public member
Who appoints Broker-Lawyer committee members? - ANSWERS-Brokers/TREC, Lawyers/Pres of
State Bar, Public Member/Governor
Where is the Real Estate Advisory Committee? - ANSWERS-Texas A & M
Who is on the Real Estate Advisory Committee? - ANSWERS-10 members: 6 brokers, 3 public
members, 1 ex TREC officio
How long does an individual have after an incident to file a complaint against a license holder? -
ANSWERS-4 years
If your license is revoked by TREC, you may..... - ANSWERS-appeal to the district court
