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Texas Real Estate Broker State Prep Exam 1 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts$12.99
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Texas Real Estate Broker State Prep Exam 1.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Real%20Esta
Real Estate Broker State Prep Exam 1 Questions &
Verified Answers
1. For what one cause of license revocation does TRELA specify a payment prior to
relicensing?
Answer Payment out of the Recovery Trust Account
2. An unlicensed assistant is showing property for her broker. Which of the fol- lowing
penalties would apply and to whom?
Answer Both the broker and the unlicensed assistant would be subject to fines by TREC
3. A licensee has been successfully sued by a past client in connection with a single
transaction.The client has prevailed and been awarded a judgment for $75,000.00.The
licensee has declared bankruptcy and is unable to pay the judgment.The client has applied
to TREC for payment out of the Recovery Trust Account. TREC has agreed to the payment.
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,Texas Real Estate Broker State Prep Exam 1.pdf file:///C:/Users/HP/Desktop/New%20folder/Texas%20Real%20Esta
How much will the client receive
Answer $50,000.00
4. All of the following must be licensed as brokers EXCEPT
Answer An investor-owner collecting or accepting rent from single family residential properties
5. A licensee subject to MCE has completed an on-time renewal and payment of license
fee, but has not satisfied the MCE requirement. All of the following are true EXCEPT
Answer After 60 days the licensee can remain active by paying another
$250 fine
6. If a broker wants to have a branch office, the branch office must have
Answer A branch office license
7. What is true about TREC Consumer Information form 1-1?
Answer It must be dis- played in the broker's office
8. A broker has contacted a seller about listing the seller's property.The listing presentation
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