Texas State Portion Real Estate Exam Questions and Answers
2 views 0 purchase
Course
Texas Real estate
Institution
Texas Real Estate
Texas State Portion Real Estate Exam
Questions and Answers
Who is responsible for any wrongs done by a salesperson while acting within the scope
of the agency agreement? - Answer️️ -The broker is liable for the wrongdoing of his or
her salespersons. The principal is liable for any wrongs co...
in any court of competent jurisdiction in which the subject matter therein involves any
real estate or business-related activity by the licensee.
Pamela, who lives in a suburb in which many homes are rented, decides to open a
rental agency in order to assist her friends in finding suitable renters. Pamela's conduct
is - Answer✔️✔️-unacceptable because it involves an activity for which a real estate
license is required.
The sole broker of a brokerage firm has his or her real estate license suspended for two
years. What would happen to the licenses of the salespersons affiliated with this
broker? - Answer✔️✔️-If the broker's license is suspended or revoked, the salespersons'
licenses are made inactive and must be returned to the commission. A salesperson's
license may be made active when the salesperson is sponsored by a new broker.
Which agency is responsible for the contract forms used by Texas licensees? -
Answer✔️✔️-The Texas Real Estate Commission
A community property with rights of survivorship agreement must: - Answer✔️✔️-doesn't
need to go through probate, must be signed by both spouses, must include the property
description, be in writing, contain wording that makes evident the intent of survivorship,
and be recorded in the county courthouse.
Generally, the most important responsibility of an agent is to: - Answer✔️✔️-represent the
financial interests of the client.
Broker Bea recently entered into a listing contract with Seller Sally. Broker Bea just
learned that Sally is actually 17 years old and not married. The listing contract is: -
Answer✔️✔️-voidable at the option of the minor.
Page | 3
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 $12.49. You're not tied to anything after your purchase.
