TX-Brokerage (SAE), Texas Real Estate
Brokerage 30 Hours 2024/2025 texas sae
real estate brokerage, Real Estate:
Brokerage Final Exam
Questions/Answers, Real Estate:
Practice Exam (Questions/Answers),
Real Estate: Agency Exam
Questions/Answers, Real Esta...
The _____ is required to examine that Brokers are aware about all of their obligations. -
ANSTexas Real Estate Commission
The _____ route is to address the regulatory factors of the control, operation and supervision of
a real property brokerage firm in Texas. The direction presents an expertise and running
expertise of a broker's obligations and duties beneath 22 TAC §535.2. - ANSBroker
Responsibility MCE
Who Must Take The Broker Responsibility MCE Course? - ANSA broker who sponsors
salespersons, a chosen broker of a business entity, and a license holder who's a delegated
manager of one or more license holders (for six months or greater during the manager's present
day license length), to complete this six—hour broking obligation course to resume a license.
"Act of God" - ANSA natural catastrophe or fireplace
Broker have to, at a minimum, preserve the following statistics in a format this is readily
available to the Commission for as a minimum ____ years from the date of last, termination of
the agreement, or quit of a real estate transaction - ANS4
Recruitment of a shop clerk by means of a broking is not regulated with the exception that
instructors or different folks related to a ___ may also NOT recruit or solicit prospective
salespersons or agents in a classroom at some point of elegance time - ANSSchool
,There is not any provision in the Act or the TREC Rules prohibiting a broking from _____ a
salesperson or broker—partner affiliated with another broking. - ANSRecruiting
________ are exempt from any of the provisions of the Texas Real Estate License Act. They are
authorized to represent customers in actual property transactions by way of distinctive feature of
their license to practice law. - ANSAttorneys
Brokers CANNOT proportion their charges with legal professionals who perform a brokerage
provider, attorneys need to are looking for compensation for that carrier immediately from one of
the ______ in a transaction - ANSPrincipals
Can a list broker proportion a part of the list dealer's fee with an legal professional who
represented the customer in a actual property transaction? - ANSNo. A broker is unlawful from
sharing prices with or in any other case compensating the legal professional appearing as a
client's agent unless the legal professional holds an energetic real property license.
Is a link to the IABS form required on my website? - ANSYes. Rule 531.20(b) states that every
dealer and sales agent have to offer a hyperlink on its homepage to the IABS Form labeled
"Texas Real Estate Commission Information About Brokerage Services".
IABS hyperlink should be in at least a ______ factor font and in a readily substantial area at the
homepage of the commercial enterprise internet site of the dealer and sales agent. - ANS10
Does a hyperlink to the IABS Form in my electronic mail signature fulfill the illustration
disclosure required with the aid of TRELA §1101.558? - ANSNo. Rule 531.20(d) states that
offering a hyperlink to the IABS Form in a footnote or signature block of an e-mail is insufficient
The IABS Form can be supplied through: - ANS(1) non-public transport; (2) first elegance mail
or in a single day common carrier shipping carrier; (three) in the frame of an electronic mail; or
(four) as an attachment to an electronic mail or as a hyperlink in the frame of an e mail as long
as there is a particular reference to the IABS Form within the body of the e-mail.
Reasons human beings deliver for trying to open their own Brokerage: - ANSWanting to create
some thing from scratch, Wanting to be their own boss, Wanting to educate and encourage real
estate marketers to be successful, Wanting to be leader in their network or in the industry, An
entrepreneurial spirit
Two good resources for finding past statistic for the real estate industry are - ANSThe National
Association of REALTORS® and the Real Estate Center at Texas A&M University.
The _______ shows the power of the financial system. - ANSGross domestic product or GDP
Most excellent economies have a GDP of about _____ - ANS3%
,A new dealer will want a terrific real property attorney and a terrific _____ on their group. -
ANSCertified public accountant (CPA)
The Rules of the Texas Real Estate Commission require that a Broker have a_______ before
you begin hiring sellers - ANSPolicy and Procedures Manual
Policy and Procedures Manual have to encompass - ANSAgent's Authorized Activity,
Advertising, Compensation, Records Management, Trust Accounts
The new dealer will need to recall three possibilities. - ANSPurchasing an current real property
commercial enterprise, shopping a franchise workplace or a begin up from scratch
All business entities engaged in real property brokerage activity, together with ______, need to
be licensed. - ANSPartnerships
If the distinct broking does NOT without delay very own at the least 10% of the entity TREC calls
for evidence that the commercial enterprise entity maintains _______ in the quantity of $1
million in line with prevalence. - ANSErrors and omissions insurance
Two requirements that have to be met for all commercials - ANSMust "surely and conspicuously
incorporate the name of the dealer, either a commercial enterprise entity or an man or woman."
and An commercial have to include a designation that serves to truly identify the advertiser as a
real property agent.
TREC Qualifications to achieve a Broker's license: - ANSCitizen of the US or lawfully admitted
alien, 18 years of age or older, Resident of Texas, except you: had been certified in Texas as a
income agent or broking in the last two years; or you are licensed as a dealer in some other
nation, Meet TREC's qualifications for honesty, trustworthiness, and integrity
Instructors ought to bypass the take a look at with a grade of ____ or better with the intention to
educate the path - ANS80%
To end up a Broker you want to finish your qualifying schooling- ______ school room hours of
qualifying actual estate guides - ANS270
Principles of Real Estate I (30 school room hours), Principles of Real Estate II (30 lecture room
hours), Law of Agency (30 lecture room hours), Law of Contracts (30 lecture room hours),
Promulgated Contracts Forms (30 classroom hours), Real Estate Finance (30 study room
hours), Real Estate Brokerage (30 lecture room hours) - ANSBrokerage mandatory courses
The Real Estate Brokerage route need to be completed now not greater than ____ years earlier
than the utility date. - ANS2
The Broker becomes both the Leader and the _____ - ANSManager
, Broker/Owners come to be answerable for the______ of the complete organisation -
ANSManagement, operation and supervision
A broker should hold all facts for _____ years. - ANS4
Purchasing or beginning a new brokerage enterprise is interesting and _____ - ANSRisky
Builders do NOT must be _____, in Texas - ANSLicensed
CRS— - ANSCertified Real Estate Specialist
ABR— - ANSAccredited Buyer's Representation
ALC— - ANSAccredited Land Consultant
SRS— - ANSSeller's Representation Specialist
CRB— - ANSCertified Real Estate Broker
CPM— - ANSCertified Property Manager
GRI— - ANSGraduate of the REALTOR® Institute
CRE— - ANSCertified Real Estate Counselor
SRES— - ANSSenior Real Estate Specialist
REALTOR® contributors comply with post fee disputes
among Brokers to arbitration thru their _____ - ANSAssociation of REALTORS®.
A broking can also handiest _____ some other license holder to withdraw or transfer cash from
any believe account, but the dealer stays responsible and responsible for all trust cash received
via that dealer and all deposits to or disbursements from the agree with account. -
ANSAuthorize
Any cash obtained by way of a real estate sales character have to be right away introduced to
the salesperson's _____ - ANSSponsoring dealer
The law prohibits _____ cash a license holder holds for another with a license holder's very own
finances. - ANSCommingling
When a dealer holds earnest cash or any cash from property control sports in a accept as true
with account, how frequently is a broker required to account for that money? - ANSMonthly
