100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Texas Real Estate STANDARDS OF CONDUCT Exam Study Guide with Complete Solutions CA$14.42   Add to cart
Quickly navigate to
Preview
  2.  
  3. Texas Real Estate
  4.  
  5. Texas Real estate

Exam (elaborations)

Texas Real Estate STANDARDS OF CONDUCT Exam Study Guide with Complete Solutions
 9 views  0 purchase
  • Course
  • Texas Real estate
  • Institution
  • Texas Real Estate

Texas Real Estate STANDARDS OF CONDUCT Exam Study Guide with Complete Solutions If a broker tells a lender that the sales price on a property is something above its actual sales price in order to help the buyer obtain a larger loan, the - Answer️️ -broker faces loss of license and a fine. ...

[Show more]

Preview 2 out of 14  pages

Document information

  • September 16, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • texas real estate standards of conduct exam study

Written for

  • Texas Real estate
  • Texas Real estate

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT_2024/2025 EXAM SERIES Monday, September 2, 2024 9:52 AM



Texas Real Estate STANDARDS OF
CONDUCT Exam Study Guide with
Complete Solutions

If a broker tells a lender that the sales price on a property is something above its actual

sales price in order to help the buyer obtain a larger loan, the - Answer✔️✔️-broker faces

loss of license and a fine.




Brokers are not to be parties to a dual contract for the purpose of obtaining a larger

loan. Doing so may subject the license holder to charges of fraud.

In Texas, real estate commissions are - Answer✔️✔️-negotiable between the client and

the broker.




Commissions are always negotiable between the principal and the agent. The

commissions are not determined by law, the Real Estate Commission, or a group of

local brokers. Any attempt to set commission rates among competitors in the real estate

industry would be considered an antitrust violation. A broker does not commit an

antitrust violation by requiring all the broker's own licensees to charge a specific rate or

amount so long as the broker does not conspire or agree with competing brokers to do

the same. All listings and buyer/tenant representation agreements in the firm belong to

the broker. Therefore, the broker is only prescribing a commission amount for all the

broker's own agreements.

Page | 1

, ©SOPHIABENNETT_2024/2025 EXAM SERIES Monday, September 2, 2024 9:52 AM


Regarding listing agreements in Texas, which of the following might result in the

suspension or revocation of an individual's real estate license? - Answer✔️✔️-no definite

termination date.



Listings must have a definite termination date not subject to prior notice.

Net listings are - Answer✔️✔️-is permitted in Texas but discouraged.




Net listings are legal but discouraged because of a potential conflict of interest. Net

listings are permitted by TREC only when the principal (1) requires a net listing and (2)

where the principal appears to be familiar with current market values. Additionally, when

negotiating any listing, net or otherwise, or even offering to purchase the property on the

licensee's own account as a result of a contact made while acting as a real estate

agent, a "licensee is obligated to advise a property owner as to the licensee's opinion of

market value of a property."

The License Act requires that every listing - Answer✔️✔️-has a definite termination date.




All listings must specify a definite period during which the broker is to be employed and

must have a definite termination date. Texas statute prohibits the use of automatic

extensions of time in listing agreements.

All of the following are violations of the Texas Real Estate Licensing Act EXCEPT

Page | 2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$14.42. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79202 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$14.42
  • (0)
  Add to cart