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Texas Real Estate Exam (State Portion) Agency Brokerage (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score $12.99   Add to cart

Exam (elaborations)

Texas Real Estate Exam (State Portion) Agency Brokerage (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

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  • Course
  • Texas Real estate
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  • Texas Real Estate

Texas Real Estate Exam (State Portion) Agency Brokerage (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

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  • October 9, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Real estate
  • Texas Real estate
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Texas Real Estate Exam (State Portion) Agency Brokerage.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%2




Texas Real Estate Exam (State Portion)

Agency/Brokerage



1. Disclosure: licensee representing a party shall disclose, either written or oral,

representation during first contact with another party/licensee representing that party

2. Information about Brokerage Services: TRELA requires at 1st conversation of real estate, a

written statement of seller representation, sub agency, buyer representation, or intermediary

(does not require signature, dates, licensee names)

AT LEAST 10 PT FONT, language unchanged, from TRELA

not required if residential lease for less than 1 year with no sale, party represented by another

licensee, prospect through open house (unless questions about purchase)

3. Seller's Disclosure: required on single family property, required on FSBO, deliver by seller to

buyer prior to offer (if not, buyer can void contract), if delivered after contract buyer has 7 days

to terminate

not required if property under court order, if trustee in bankruptcy, transfer to a mortgagee by

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,Texas Real Estate Exam (State Portion) Agency Brokerage.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%2




mortgagor/successor, foreclosure sale, decedent estate/guardian- ship/conservatorship/trust,

transfer from 1 co-owner to more, between spouses in divorce, property sold to or from

government, new home construction

4. AIDS/HIV: No duty to disclose if prior occupant had

5. Death: No duty to disclose if prior occupant died UNLESS from property condition

6. Sex Offender: No duty to disclose sex offenders nearby or in

7. Water Penetration: No duty to disclose if water penetration corrected

8. Prior Inspection Reports: No statute saying it must be provided but any known information

from inspection must be disclosed

9. Listing Agreements MUST: 1. be signed by seller, 2. have definite termination date, 3. have

adequate description of property (legal not required), 4. include fair housing statement, 5.

have asking price, 6. have definable broker fee

10. Intermediary Practice: READ TRELA's intermediary brokerage

broker may act as intermediary if written consent of both parties and broker agrees to

in house sale- buyer buys listed property by firm

appointees- licensee works with buyer while partner licensee works with seller

11. Broker as Intermediary MUST: treat all parties honestly, not disclose accep- tance of

lower price unless authorized in writing, not disclose buyer will pay higher price unless
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