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The Key To Passing The Texas Real Estate Exam Is Understanding The Topic Areas


Live Crash Course


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

Commission Duties And Powers

Before an application can be filed for payment from the recovery account, a lawsuit must be filed in court and a civil judgment must be granted from the court against a TREC license holder. The lawsuit must be filed in court within two years from the violation.

Licensing

To activate a salesperson license, applicants must obtain sponsorship from a Texas-licensed real estate broker.

Standards Of Conduct

Failing to meet continuing education requirements, lacking knowledge or competence in real estate practices, or engaging in negligent conduct that harms clients are grounds to suspend or revoke a real estate license.

Agency / Brokerage

Buyer's Agent: Represents the buyer and acts in their best interest.

Contracts

All records must be kept for at least four years and be readily available for inspection by the TREC or its representatives upon request.

Special Topics

In community property both spouses are generally equally liable for debts incurred during the marriage, regardless of which spouse incurred the debt or whose name is on the account or contract.

Friday's Questions

Which government entity regulates coastal development and manages the state's coastal lands


A.) Texas Department of Fish and Game
B.) Texas General Land Office
C.) Texas Department of Environmental Quality
D.) Texas Department of Natural Resources


A
B
C
D

Contracts




Which government entity regulates coastal development and manages the state's coastal lands


Correct Answer:
Texas General Land Office

The Texas General Land Office regulates coastal development and manages the state's coastal lands.



Next Question →

When should a buyers agent have an agency relationship agreement signed by their customers


A.) After discussing confidential information
B.) Before an offer is submitted
C.) Before the first substantive dialogue
D.) At any point during the transaction prior to escrow


A
B
C
D

Agency / Brokerage




When should a buyers agent have an agency relationship agreement signed by their customers


Correct Answer:
Before the first substantive dialogue

The creation of agency relationships must be completed at the first substantive dialogue or before discussing confidential information. Ideally, at the very first meeting.



Next Question →

If a valid complaint was filed against a licensee, what would be the role of an administrative law judge in the complaint process


A.) To issue disciplinary actions against the licensee
B.) To preside over an informal conference on the matter
C.) To review complaints and make initial determinations
D.) To decide the guilt or innocence of the accused


A
B
C
D

Commission duties and powers




If a valid complaint was filed against a licensee, what would be the role of an administrative law judge in the complaint process


Correct Answer:
To decide the guilt or innocence of the accused

The role of an administrative law judge is to decide the guilt or innocence of the accused agent during an administrative hearing. The judge then issues a recommended decision to TREC, which makes the final determination regarding disciplinary measures.



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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