Texas State Portion Real Estate Exam
Questions and Answers20
The practice of several brokers agreeing to all charge the same amount of commission is called:
- ANSWERS-d. price-fixing
A service that allows many brokers to share information abut listings and requires the brokers to
be members of the service is called - ANSWERS-d. Multiple Listing Service
The type of mortgage most often used in Texas is: - ANSWERS-a. a deed of trust
A broker's license is suspended for one year. His salespeople: - ANSWERS-c. cannot perform any
of the duties of a salesperson until their licenses are transferred to a new sponsoring broker
The owner of property that is sold at a tax sale has the right to redeem the property after the
tax sale. This is: - ANSWERS-a. statutory redemption
George hired a general contractor to build an addition to his house. The general contractor
failed to pay the electrical subcontractor for work that was subcontracted to him. May the
subcontractor secure a mechanic's lien on George's house? - ANSWERS-a. Yes, because the work
was done on George's property.
Most real estate licensees make their living from: - ANSWERS-a. residential brokerage
A broker obtains an exclusive listing. Until the broker fulfills that contract, it is best described as
- ANSWERS-a. executory
,Who is responsible for the acts of a salesperson? - ANSWERS-The sponsoring broker
Failure on the part of the agent to advise the purchaser of real property in writing that he
should have the abstract covering the property examined by an attorney of his own selection, or
that he should be furnished with a policy of title insurance shall: - ANSWERS-d. preclude
payment of, or recovery of, any commission agreed to be paid on the sale
An example of gratuitous agency is: - ANSWERS-b. Working for free
All of the following are examples of different ways of giving real estate legal description EXCEPT:
- ANSWERS-b. the recorded mailing address
The sponsoring broker is responsible to TREC, the public, and the clients for the acts of -
ANSWERS-d. his sponsored salespeople
The Texas Real Estate Broker-Lawyer Committee consists of: - ANSWERS-c. 13 members
A handwritten will signed by the testator but not witnessed is known as a(n): - ANSWERS-b.
holographic will
The only person who is allowed to give legal advice is: - ANSWERS-c. Attorney
How does the Texas Real Estate License Act define the first face-to-face meeting? - ANSWERS-c.
when substantive discussion occurs
An agency relationship is always created at the: - ANSWERS-a. broker level
A guide could be developed by the company to help all licensees learn to make ethical
decisions. - ANSWERS-a. True
, Which of the following is true of the rules and regulations of the Texas Real Estate Commission?
- ANSWERS-d. they have the full force and effect of law
A real estate license issued by the Texas Real Estate Commission must: - ANSWERS-c. be
prominently displayed by a residential rental locator
Land used for agriculture or wildlife management may qualify for an agricultural appraisal.
When the land is no longer used for agricultural or wildlife management rollback tax can occur.
The tax is owed by: - ANSWERS-d. the owner who changed the lands use
TRELA states that to be eligible to receive a real estate license in the state of Texas a person
must - ANSWERS-d. satisfy the Commission as to the persons honesty
When the TAR Residential Leasing and Property Management Agreement is used the broker
becomes an employee of the owner. - ANSWERS-b. False
A salesperson: - ANSWERS-b. May not act as a salesperson until he has a sponsoring broker
The real estate exam consists of 110 questions, 80 on the national portion of the test and 30 on
the Texas portion of the test. - ANSWERS-a. True
Intermediary agency has: - ANSWERS-d. Replaced dual agency
The Texas Real Estate Recovery Fund is funded: - ANSWERS-a. by real estate license fees
Who are the parties to the TREC sales contracts? - ANSWERS-a. the buyer and the seller
Questions and Answers20
The practice of several brokers agreeing to all charge the same amount of commission is called:
- ANSWERS-d. price-fixing
A service that allows many brokers to share information abut listings and requires the brokers to
be members of the service is called - ANSWERS-d. Multiple Listing Service
The type of mortgage most often used in Texas is: - ANSWERS-a. a deed of trust
A broker's license is suspended for one year. His salespeople: - ANSWERS-c. cannot perform any
of the duties of a salesperson until their licenses are transferred to a new sponsoring broker
The owner of property that is sold at a tax sale has the right to redeem the property after the
tax sale. This is: - ANSWERS-a. statutory redemption
George hired a general contractor to build an addition to his house. The general contractor
failed to pay the electrical subcontractor for work that was subcontracted to him. May the
subcontractor secure a mechanic's lien on George's house? - ANSWERS-a. Yes, because the work
was done on George's property.
Most real estate licensees make their living from: - ANSWERS-a. residential brokerage
A broker obtains an exclusive listing. Until the broker fulfills that contract, it is best described as
- ANSWERS-a. executory
,Who is responsible for the acts of a salesperson? - ANSWERS-The sponsoring broker
Failure on the part of the agent to advise the purchaser of real property in writing that he
should have the abstract covering the property examined by an attorney of his own selection, or
that he should be furnished with a policy of title insurance shall: - ANSWERS-d. preclude
payment of, or recovery of, any commission agreed to be paid on the sale
An example of gratuitous agency is: - ANSWERS-b. Working for free
All of the following are examples of different ways of giving real estate legal description EXCEPT:
- ANSWERS-b. the recorded mailing address
The sponsoring broker is responsible to TREC, the public, and the clients for the acts of -
ANSWERS-d. his sponsored salespeople
The Texas Real Estate Broker-Lawyer Committee consists of: - ANSWERS-c. 13 members
A handwritten will signed by the testator but not witnessed is known as a(n): - ANSWERS-b.
holographic will
The only person who is allowed to give legal advice is: - ANSWERS-c. Attorney
How does the Texas Real Estate License Act define the first face-to-face meeting? - ANSWERS-c.
when substantive discussion occurs
An agency relationship is always created at the: - ANSWERS-a. broker level
A guide could be developed by the company to help all licensees learn to make ethical
decisions. - ANSWERS-a. True
, Which of the following is true of the rules and regulations of the Texas Real Estate Commission?
- ANSWERS-d. they have the full force and effect of law
A real estate license issued by the Texas Real Estate Commission must: - ANSWERS-c. be
prominently displayed by a residential rental locator
Land used for agriculture or wildlife management may qualify for an agricultural appraisal.
When the land is no longer used for agricultural or wildlife management rollback tax can occur.
The tax is owed by: - ANSWERS-d. the owner who changed the lands use
TRELA states that to be eligible to receive a real estate license in the state of Texas a person
must - ANSWERS-d. satisfy the Commission as to the persons honesty
When the TAR Residential Leasing and Property Management Agreement is used the broker
becomes an employee of the owner. - ANSWERS-b. False
A salesperson: - ANSWERS-b. May not act as a salesperson until he has a sponsoring broker
The real estate exam consists of 110 questions, 80 on the national portion of the test and 30 on
the Texas portion of the test. - ANSWERS-a. True
Intermediary agency has: - ANSWERS-d. Replaced dual agency
The Texas Real Estate Recovery Fund is funded: - ANSWERS-a. by real estate license fees
Who are the parties to the TREC sales contracts? - ANSWERS-a. the buyer and the seller
