Texas Real Estate Exam |Questions and 100% Correct Answers
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Course
Texas Real Estate
Institution
Texas Real Estate
Who is responsible to the TREC, the public, and the clients for the acts of a salesperson?
- Answer Salesperson's sponsoring broker
Combining a principal's fund with the licensees's personal fund is? - Answer
Commingling
When must an existing agency relationship be disclosed to another party to...
Texas Real Estate Exam |Questions and 100%
Correct Answers
Who is responsible to the TREC, the public, and the clients for the acts of a salesperson?
- Answer Salesperson's sponsoring broker
Combining a principal's fund with the licensees's personal fund is? - Answer
Commingling
When must an existing agency relationship be disclosed to another party to a proposed
transaction? - Answer Substantive dialogue
A standard contract form has been developed for: - Answer Sale of a single-family
residence
A single woman dies instate. In regards to her surviving heirs, her property will: - Answer
Be distributed according to the law of descendants and distribution.
A real estate license Must use an appropriate TREC promulgated form unless another
contract form has been prepared and is required by the: - Answer Owner of the
property
A buyer contracts to purchase a previously occupied single-family residence. The buyer
did NOT receive a copy of the Seller's Disclosures Notice before signing the contract.
According to the Texas Property Code l, the buyer has the right: - Answer Terminate the
contract within 7 days after receiving notice.
allows few ownership of individual units with joint ownership of common areas? -
Answer Condominiums
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