The Key To Passing The State Exam Is Understanding The Seven Topic Areas


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Friday's Free Key Points
Key Points are important bulletpoints that relate to state exam topics.

Commission Duties And Powers

An unlicensed assistant cannot perform any activity that requires a real estate license or constitutes real estate brokerage activity.

Licensing

The commission by rule may waive some or all of the requirements for a license for an applicant who was licensed within the two years preceding the date the application is filed.

Standards Of Conduct

A broker with an unexplained overage in their trust account is required to report the overage to the TREC within ten days of discovery.

Agency / Brokerage

If the broker dies, the broker's designated supervisor must promptly notify TREC in writing of the death and provide the Commission with the name, address, and telephone number of the person designated by the broker to act as supervisor during the period of time necessary to complete any unfinished business of the broker.

Contracts

This includes the area of land and water within a coastal county that is subject to flooding by a hurricane or tropical storm, including storm surges, and any area seaward of the line of the mean high tide.

Special Topics

Before filing a lawsuit under the DTPA, consumers are generally required to provide the business with a written notice outlining the deceptive trade practices alleged and allowing the business an opportunity to resolve the matter.

Friday's Free Practice Questions

In the state of Texas, the sellers disclosure notice is given on the basis of limited warranty. What best describes what that means


A.) A property is backed by a guarantee provided by the seller
B.) A property is backed by a home warranty paid for by the seller
C.) The seller is not responsible for any defects outside of what is disclosed
D.) The SDN was completed under the guidance of a certified home inspector


A
B
C
D

This Is A Question


You Answered:

In the state of Texas, the sellers disclosure notice is given on the basis of limited warranty. What best describes what that means


Correct Answer:
The seller is not responsible for any defects outside of what is disclosed

The limited warranty means that the seller is only responsible for disclosing what they know and do not guarantee the absence of other defects or conditions.



Next Question →

What does TREC enforce in addition to the Texas Real Estate License Act


A.) Real estate pest inspectors
B.) Building codes & zoning requirements
C.) Texas Timeshare Act
D.) Environmental protection laws


A
B
C
D

This Is A Question


You Answered:

What does TREC enforce in addition to the Texas Real Estate License Act


Correct Answer:
Texas Timeshare Act

TREC's jurisdiction includes the enforcement of the Texas Timeshare Act.



Next Question →

According to TREC rules, what does the term Fee-Splitting in real estate refer to


A.) Spliting real estate commissions only with licensed professionals
B.) Spliting real estate commissions with unlicensed persons
C.) Reducing the overall commission in a real estate transaction
D.) Offering a discount to clients


A
B
C
D

This Is A Question


You Answered:

According to TREC rules, what does the term Fee-Splitting in real estate refer to


Correct Answer:
Spliting real estate commissions with unlicensed persons

Fee-splitting involves dividing real estate commissions or compensation with someone who is not a licensed real estate professional.



Next Question →

Great Job!!!

There are two sides to the state exam:
Knowing the topics
Answering the questions


Our Salesperson Specific Exams will reinforce topics by utilizing over 2,000 questions & our Broker Specific Exams feature over 3,000 questions!

Crash Courses: Designed to help you understand the topics on the state exam.

Practice Exams: Reinforce topics and make it easier to recognize them in questions.



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