TEXAS REAL ESTATE STATE
PORTION UPDATED EXAM 2026
COMPLETE MULTIPLE CHOICE
QUESTION BANK WITH VERIFIED
ANSWERS DETAILED
EXPLANATIONS GRADED A+ AND
100% PASS GUARANTEE (JUST
RELEASED!!!!)
The Real Estate Recovery Account was created to - THE CORRECT
ANSWER-pay aggrieved persons who suffered monetary losses due
to unscrupulous acts of license holders.
If Real Estate Recovery Trust Account is below $1 million - THE
CORRECT ANSWER-Brokers and licensees pay a pro rata share of $10
upon license renewal
If Real Estate Recovery Trust Account is above $3.5 million, -
THE CORRECT ANSWER-the excess goes into the State's General Fund
When an amount if paid out of the Real Estate Recovery Trust
Account on behalf of a license holder, - THE CORRECT ANSWER-the
license of the person can be suspended or revoked. It may never
be recovered until the account is paid back with interest.
,Maximum amount payable by the Real Estate Recovery Trust
Account - THE CORRECT ANSWER-is $100,000 per license holder and
$50,000 per transaction.
Does TREC resolve disputes between license holders? - THE
CORRECT ANSWER-No
YES License - THE CORRECT ANSWER-attorneys receiving a
commission
YES License - THE CORRECT ANSWER-Auctioneers involved in any
part of a transaction, other than calling
YES License - THE CORRECT ANSWER-apartment locators
Yes License - THE CORRECT ANSWER-real estate agents
Yes License - THE CORRECT ANSWER-Business entities who receives
commissions on behalf of license holders
Yes License - THE CORRECT ANSWER-Designated broker, officer, or
manager of a Real Estate Limited Liability Company
Yes License - THE CORRECT ANSWER-a third party who collects rents
from a single family residence (property manager)
Yes License - THE CORRECT ANSWER-Any business that engages in
real estate brokerage must have a licensed broker
, EXEMPT License - THE CORRECT ANSWER-attorneys receiving a fee
but no commission split
EXEMPT License - THE CORRECT ANSWER-court appointed receivers,
trustees, guardians, and sheriffs; anyone engaged in or carrying
out foreclosure sales
EXEMPT License - THE CORRECT ANSWER-Administrators and
executors of a will
EXEMPT License - THE CORRECT ANSWER-on-site apartment
managers
EXEMPT License - THE CORRECT ANSWER-new home sales agents
working for a builder
EXEMPT License - THE CORRECT ANSWER-cemetary lot sales agents
EXEMPT License - THE CORRECT ANSWER-a person selling his own
property; FSBO
EXEMPT License - THE CORRECT ANSWER-an employee
leasing/renting property for the owner
EXEMPT License - THE CORRECT ANSWER-corporate employees
buying/selling/leasing corporate property
PORTION UPDATED EXAM 2026
COMPLETE MULTIPLE CHOICE
QUESTION BANK WITH VERIFIED
ANSWERS DETAILED
EXPLANATIONS GRADED A+ AND
100% PASS GUARANTEE (JUST
RELEASED!!!!)
The Real Estate Recovery Account was created to - THE CORRECT
ANSWER-pay aggrieved persons who suffered monetary losses due
to unscrupulous acts of license holders.
If Real Estate Recovery Trust Account is below $1 million - THE
CORRECT ANSWER-Brokers and licensees pay a pro rata share of $10
upon license renewal
If Real Estate Recovery Trust Account is above $3.5 million, -
THE CORRECT ANSWER-the excess goes into the State's General Fund
When an amount if paid out of the Real Estate Recovery Trust
Account on behalf of a license holder, - THE CORRECT ANSWER-the
license of the person can be suspended or revoked. It may never
be recovered until the account is paid back with interest.
,Maximum amount payable by the Real Estate Recovery Trust
Account - THE CORRECT ANSWER-is $100,000 per license holder and
$50,000 per transaction.
Does TREC resolve disputes between license holders? - THE
CORRECT ANSWER-No
YES License - THE CORRECT ANSWER-attorneys receiving a
commission
YES License - THE CORRECT ANSWER-Auctioneers involved in any
part of a transaction, other than calling
YES License - THE CORRECT ANSWER-apartment locators
Yes License - THE CORRECT ANSWER-real estate agents
Yes License - THE CORRECT ANSWER-Business entities who receives
commissions on behalf of license holders
Yes License - THE CORRECT ANSWER-Designated broker, officer, or
manager of a Real Estate Limited Liability Company
Yes License - THE CORRECT ANSWER-a third party who collects rents
from a single family residence (property manager)
Yes License - THE CORRECT ANSWER-Any business that engages in
real estate brokerage must have a licensed broker
, EXEMPT License - THE CORRECT ANSWER-attorneys receiving a fee
but no commission split
EXEMPT License - THE CORRECT ANSWER-court appointed receivers,
trustees, guardians, and sheriffs; anyone engaged in or carrying
out foreclosure sales
EXEMPT License - THE CORRECT ANSWER-Administrators and
executors of a will
EXEMPT License - THE CORRECT ANSWER-on-site apartment
managers
EXEMPT License - THE CORRECT ANSWER-new home sales agents
working for a builder
EXEMPT License - THE CORRECT ANSWER-cemetary lot sales agents
EXEMPT License - THE CORRECT ANSWER-a person selling his own
property; FSBO
EXEMPT License - THE CORRECT ANSWER-an employee
leasing/renting property for the owner
EXEMPT License - THE CORRECT ANSWER-corporate employees
buying/selling/leasing corporate property
