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Texas Real Estate Exam Study Guide Question and answers correctly solved

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Texas Real Estate Exam Study Guide Question and answers correctly solved Which of the following situations could be considered illegal in Texas and put a licensee's license to practice real estate in jeopardy of suspension or revocation? A. Andrew signs a listing agreement that specifies a duratio...

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  • July 20, 2024
  • 108
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • texas real estate exam study guide
  • texas real estate exam study guide question and an

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Texas Real Estate Exam Study Guide
Texas Real Estate Exam Study Guide
2024/2025 Which of the following situations could be considered illegal in Texas and put a licensee's license to practice real estate in jeopardy of suspension or revocation?
A. Andrew signs a listing agreement that specifies a duration period of three months from date of signing as the valid period of the listing.
B. Anna signs a listing agreement that allows the listing to continue indefinitely
C. Jerry signs a listing agreement that specifies a commission of 20% on the sale of a property.
D. Lucy signs a listing agreement that fails to include a broker protection clause.
B. Anna signs a listing agreement that allows the listing to continue indefinitely
Since a listing must contain a definite termination date not subject to prior notice, Anna's indefinite listing period puts her in jeopardy of having her real estate license suspended or revoked.
Which of the following actions is a broker or licensed sales agent required to perform after signing a listing agreement?
A. Communicate and cooperate with other brokers wishing to participate in the
marketing of the listing.
B. Maintain a listing file with a number given to the case in accordance with the specifications of the Texas Real Estate Commission
C. Advertise the listing as soon as possible in local places
D. Provide the seller a legible, signed, true, and correct copy of the listing
D. Provide the seller a legible, signed, true, and correct copy of the listing
Upon obtaining a listing, the broker or licensee must provide the seller signing the listing with a legible, signed, true, and correct copy of the agreement. Ralph and Jane Smith listed their house for sale with Jackson Realty on April 15. The termination date of the listing was specified as September 15, but the Smiths decided in July that they no longer wished to keep their house on the market. Which of the following would be applicable to their situation?
A. The Smith's must appeal to the Texas Real Estate Commission for assistance in terminating the listing agreement prior to the date specified.
B. The Smith's have the opportunity to cancel the listing agreement at any point and will not be subject to any penalties for choosing to terminate the listing early.
C. The Smith's are bound by a contractual listing agreement and do not have the authority to terminate the listing early.
D. In terminating the broker's authority and opportunity to sell the property, the
Smith's may be responsible for some expenses in terminating the listing prior to the specified date.
D. In terminating the broker's authority and opportunity to sell the property, the
Smith's may be responsible for some expenses in terminating the listing prior to the specified date.
Since the broker or sales agent will have incurred expenses in an attempt to sell the Smith's property, the Smiths may be responsible for some expenses when they choose to terminate the agreement early and withdraw the broker's
opportunity to sell the property.
When a sponsoring broker is unaware that a sales agent is violating the Texas
real estate code through activities such as blockbusting, discrimination, and commingling funds, which of the following is true of the sponsoring broker's responsibility?
A. The Texas Real Estate Commission will have the sole authority to determine the course of action to take against the sponsoring broker, and may
choose to impose a fine and/or suspend or revoke the broker's license B. The sponsoring broker's responsibility will be limited to paying the fine levied against the sales agent.
C. If the sponsoring broker is deemed to be completely unaware of the sales agent's illegal activities, the broker will be absolved of responsibility.
D. The sponsoring broker is responsible for all actions of the licensees working under him or her and will be held accountable in the same manner as the licensee who has violated the code.
C. If the sponsoring broker is deemed to be completely unaware of the sales agent's illegal activities, the broker will be absolved of responsibility.
If the investigation proves that the sponsoring broker was unaware of the illegal activities of the sales agent, the broker will be absolved of responsibility
since the sales agent acted independently.
To which agency may a person bring a complaint of illegal discrimination?
A. To the Texas Real Estate Commission
B. To the Texas Attorney General
C. To the Department of Housing and Urban Development or the Texas Commission on Human Rights
D. To the Texas Secretary of State
C. To the Department of Housing and Urban Development or the Texas Commission on Human Rights
A person with a claim of illegal discrimination may take their case to HUD or the Texas Commission on Human Rights or may choose to file suit in federal court.

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