Exam (elaborations)
Texas Real Estate Exam-State Portion QUESTIONS AND ANSWERS RATED A+ 2024/2025
- Course
- Institution
Texas Real Estate Exam-State Portion QUESTIONS AND ANSWERS RATED A+ 2024/2025
[Show more]
Content preview
Texas Real Estate Exam-State PortionWho is responsible for the acts of a salesclerk? - ANSThe sponsoring dealer
Failure on the part of the agent to advise the consumer of actual assets in writing that he need
to have the summary covering the property examined by means of an attorney of his own
choice, or that he should be provided with a coverage of identify coverage shall: - ANSd.
Preclude fee of, or recovery of, any fee agreed to be paid at the sale
An instance of gratuitous enterprise is: - ANSb. Working without spending a dime
All of the following are examples of various ways of giving actual property legal description
EXCEPT: - ANSb. The recorded mailing address
The sponsoring broker is responsible to TREC, the public, and the clients for the acts of - ANSd.
His backed salespeople
The Texas Real Estate Broker-Lawyer Committee consists of: - ANSc. Thirteen individuals
A handwritten will signed with the aid of the testator however not witnessed is referred to as
a(n): - ANSb. Holographic will
The only character who's allowed to present legal advice is: - ANSc. Attorney
How does the Texas Real Estate License Act define the first face-to-face meeting? - ANSc.
Whilst great dialogue happens
An agency courting is constantly created at the: - ANSa. Dealer level
A manual will be developed via the company to assist all licensees discover ways to make moral
choices. - ANSa. True
Which of the following is actual of the regulations and regulations of the Texas Real Estate
Commission? - ANSd. They have got the overall pressure and impact of regulation
A actual property license issued by using the Texas Real Estate Commission must: - ANSc. Be
prominently displayed through a residential rental locator
Land used for agriculture or wildlife control may also qualify for an agricultural appraisal. When
the land is no longer used for agricultural or natural world management rollback tax can occur.
The tax is owed by: - ANSd. The owner who modified the lands use
, TRELA states that to be eligible to get hold of a real estate license in the nation of Texas a
person have to - ANSd. Satisfy the Commission as to the humans honesty
When the TAR Residential Leasing and Property Management Agreement is used the broker
becomes an employee of the proprietor. - ANSb. False
A salesperson: - ANSb. May no longer act as a salesperson until he has a sponsoring dealer
The real property examination includes a hundred and ten questions, eighty on the country wide
portion of the check and 30 on the Texas portion of the test. - ANSa. True
Intermediary organization has: - ANSd. Replaced dual enterprise
The Texas Real Estate Recovery Fund is funded: - ANSa. By means of actual property license
expenses
Who are the events to the TREC sales contracts? - ANSa. The customer and the seller
What are the specified wide variety of MCE hours needed to renew a salesperson license in the
end SAE necessities have been met? - ANSa. Three hours of ethics, 3 hours of felony and 9
hours of associated MCE hours
The maxim amount an unlicensed person can get hold of for a referral is: - ANSa. $50
The Texas Property Code calls for the seller of a dwelling of not more than one unit supply a
Seller's Disclosure Notice to a client if the living is a resale property. If the consumer has not
acquired the notice before signing the contract, the buyer can also: - ANSa. Terminate the
contract inside 7 days after receiving the attention.
Which of the subsequent statements is genuine of charge this is made from the Real Estate
Recovery Fund on account of licensee's acts? - ANSa. The license may be revoked and a brand
new one will now not be issued until the fund has been reimbursed, with hobby.
The One to Four Residential Contract (Resale) is the shape used to make a proposal on a
belongings. It becomes the contract when: - ANSd. All parties have signed.
A broker becomes the assets supervisor for an proprietor who has numerous single own family
homes and duplexes for condominium. Under the control agreement the broker arranges for the
upkeep, collects hire and signs all of the leases with the tenants as agent for the owner. In this
state of affairs, the broker is a - ANSa. General agent
The "Seller's Disclosure of Property Condition" have to be added to the consumer in all the
following transactions EXCEPT: - ANSa. On the market of commercial property
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 LegitPage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72964 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now