Texas Real Estate Exam Questions And Answers With Verified Updates
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Course
Texas Real Estate
Institution
Texas Real Estate
When must a property owner declare their primary residence as their homestead to get homestead
protection?
a. At closing
b. Never
c. After 1 year of occupancy
d. After Jan 1 of the first year of full occupancy - b
According to the TREC residential resale contract form, if a termination option...
Texas Real Estate Exam Questions
When must a property owner declare their primary residence as their homestead to get homestead
protection?
a. At closing
b. Never
c. After 1 year of occupancy
d. After Jan 1 of the first year of full occupancy - b
According to the TREC residential resale contract form, if a termination option fee is paid, day one of the
option period is:
a. When loan approval has been obtained
b. When the title commitment is issued
c. When the earnest money is deposited
d. The day following the effective date of the contract - d
If an applicant for a sales license engages in a brokerage transaction, the applicant:
a. may be paid for the transaction, after he gets his license
b. may face criminal charges resulting in fine or jail
c. is following standard operating procedures
d. is ineligible for a license for 2 years - b
An unlicensed assistant is hired to increase an agents listing inventory. The assistant may:
a. create marketing flyers and distribute the flyers door to door
b. create flyers and show properties to prospective buyers
, c. host an open house and write contract offers
d. make calls soliciting business from expired listings. - a
An individual is exempt from real estate licensure in Texas if the individual is doing which of the
following:
a. running an apartment locator service for several different complexes
b. listing real estate for sale, rent, exchange or trade
c. being an onsite manager of an apartment complex
d. procuring prospects for the rental of real estate - c
When a sales agents sponsorship is terminated by his sponsoring broker, the broker must:
a. release the agents listings to the new broker
b. disclose the termination to the MLS
c. notify the commission of all outstanding listings taken by the sales agent
d. notify the sales agent of the termination in writing and return he license to TREC immediately -
d
If an unlicensed individual provides a referral that ends in a closing, how can you repay them?
a. with a $50 gift card
b. By sending them on a vacation for the weekend
c. by paying their rent for a month
d. by rebating a part of your commission to them - a
A license holder, while acting as an agent for another, should:
a. Expect any ambiguities in the contract documents will be corrected at closing.
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