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TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts $12.99   Add to cart

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TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

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  • Course
  • Texas Real estate
  • Institution
  • Texas Real Estate

TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

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  • September 16, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Real estate
  • Texas Real estate
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TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2.pdf file:///C:/Users/HP/Desktop/New%20folder/TEXAS%20REAL%20




REAL ESTATE SALESPERSON STATE PREP EXAM 2



1. 1. What is the criminal penalty for engaging in the real estate brokeragebusiness in

Texas without first becoming licensed by TREC?


(a) A fine of up to $5,000 per day



(b) Triple damages



(c) A fine of not more than $4,000



(d) Imprisonment for up to 2 years

Answer C



2. 2. An individual has successfully sued a license holder in connection witha single

transaction and won a judgment for $110,000.The license holder hasdeclared bankruptcy

and TREC has agreed to pay out of the recovery trust account on behalf of the license

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holder. How much will TREC pay?

(a) $110,000

(b) $50,000 (c)

$100,000 (d)

$55,000

Answer B




3. 3. Which of the following about TREC is FALSE?



(a) TREC has 9 members



(b) 6 TREC members are public and 3 TREC members are brokers



(c) TREC has subpoena power



(d) TREC can advise with reference to its rules and the laws that govern licenseholders

Answer B



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4. 4. How many properties can an unlicensed investor sell in a year?



(a) 0



(b) Unlimited



(c) 3




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