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


Live Crash Course


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

Commission Duties And Powers

Unlicensed activity typically encompasses activities that require a real estate license but are performed by individuals who do not hold the necessary license.

Licensing

A licensee whos license is on inactive status cannot perform any activity related to real estate and must pay their renewal fees.

Standards Of Conduct

The prohibition on fee-splitting with unlicensed persons is designed to ensure that compensation is appropriately allocated among qualified professionals who are subject to TREC's oversight and regulations.

Agency / Brokerage

Texas law requires real estate agents to provide a written disclosure of agency relationships to prospective clients or customers at the first substantive dialogue.

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

Homestead protections in Texas provide homeowners with certain legal benefits and exemptions designed to safeguard their primary residence from certain creditors and to provide property tax relief.

Thursday's Questions

When considering TREC's rules and regulations in regards to advertising, what should licensees do to ensure compliance


A.) Submit all ads to TREC compliance department before publication
B.) Ensure their license number is included and in a bigger font than the rest of the ad
C.) Ensure the avoidance of misleading content
D.) Limit property details to ensure client confidentiality


A
B
C
D

Standards of conduct



When considering TREC's rules and regulations in regards to advertising, what should licensees do to ensure compliance


Correct Answer:
Ensure the avoidance of misleading content

Licensees should ensure that their advertising and marketing materials are accurate, truthful, and not misleading.



Next Question →

When considering the disclosure of death which occurred on a property, which of the following must be disclosed to a prospective buyer


A.) The property was the site of a suicide
B.) The previous owner died of a heart attack
C.) The previous owner died of AIDS
D.) A previous occupant died from a collapse of a wall in the bedroom


A
B
C
D

Standards of conduct



When considering the disclosure of death which occurred on a property, which of the following must be disclosed to a prospective buyer


Correct Answer:
A previous occupant died from a collapse of a wall in the bedroom

Although violent deaths should be disclosed with the express permission of the owner, the only requirement is for a broker or sales agent to disclose deaths related to the condition of the property. Disclosure of an AIDS-related death is against fair housing laws



Next Question →

What is the role of a Selling Agent in a real estate transaction


A.) Represents the buyer and acts in their best interest
B.) Represents both the buyer and seller
C.) Represents the seller and acts in their best interest
D.) A neutral party in the transaction


A
B
C
D

Agency / Brokerage



What is the role of a Selling Agent in a real estate transaction


Correct Answer:
Represents the buyer and acts in their best interest

A Seller's Agent represents the seller and acts in their best interest. They are also known as the Listing Agent. The Selling Agent represented the buyer and before the transaction closed, they were known as the buyers agent.



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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