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


Texas Exam Topics Pie Chart


Saturday's Free Key Points
Key Point's are important bullet points that relate to Texas state exam topic areas.

Commission Duties And Powers

Education Advisory Committee assists in reviewing and recommending changes to educational programs, course content, and instructor qualifications.

Licensing

Non-resident brokers are typically required to fulfill Texas's continuing education requirements to maintain their broker license.

Standards Of Conduct

Improper handling of client funds, such as commingling client funds with personal funds or using client funds for unauthorized purposes, is a serious violation are grounds to suspend or revoke a real estate license.

Agency / Brokerage

Intermediary: Represents both the buyer and seller in the same transaction with written consent, but cannot provide undivided loyalty to either party.

Contracts

The seller must also provide a written notice to the buyer that the buyer can search the website for information about registered sex offenders in the area.

Special Topics

Landlords have a duty to maintain the premises in a habitable condition. They must make necessary repairs to keep the property safe and livable.

Saturday's Free Practice Questions

Marshall is a licensed broker with over 10 years of full time experience. His longtime client, Frank, has asked Marshall to draft an agreement that would assign a power of attorney who will oversee the sale of a section of Franks land. Marshal has obtained a signed listing agreement to place this property on the market. Of the following, what is the best course of action Marshall should take regarding this matter


A.) Frank should write up the exactly as Frank dictates
B.) Frank should write up the agreement on his own, then bring it to Frank for approval
C.) Frank should work collaboratively with an attorney
D.) Frank cannot write up the agreement or contribute to its creation


A
B
C
D

This Is A Question


You Answered:


Marshall is a licensed broker with over 10 years of full time experience. His longtime client, Frank, has asked Marshall to draft an agreement that would assign a power of attorney who will oversee the sale of a section of Franks land. Marshal has obtained a signed listing agreement to place this property on the market. Of the following, what is the best course of action Marshall should take regarding this matter


Correct Answer:
Frank should work collaboratively with an attorney

Drafting a power of attorney is well beyond the scope of what a real estate licensee can do. Licensees should consult with an attorney for legal questions and can work collaboratively with attorneys in the creation of legal documents.



Next Question →

How long must a person live in their home in order to have all of their equity protected from creditors in the state of Texas


A.) 365 Days
B.) 730 Days
C.) 1215 Days
D.) Homestead exemptions are limited to $125,000 max


A
B
C
D

This Is A Question

You Answered:

How long must a person live in their home in order to have all of their equity protected from creditors in the state of Texas


Correct Answer:
1215 Days

Texas provides an unlimited homestead exemption. However, If a home was purchased in the last 1215 days, the exemption amount would be limited to $125,000. This rule was put in place to protect creditors from improper transfers of assets. People would liquidate assets and use those assets to purchase a home right before bankruptcy.



Next Question →

How long does a landlord have after a tenant has vacated a property to return any unused portion of the tenants security deposit


A.) 15 days
B.) 30 days
C.) 45 days
D.) 60 days


A
B
C
D

This Is A Question

You Answered:

How long does a landlord have after a tenant has vacated a property to return any unused portion of the tenants security deposit


Correct Answer:
30 days

Landlords are required to provide tenants with an itemized list of deductions and refund any remaining security deposit within 30 days of lease termination.



Next Question →

Great Job!!!

We Strongly Believe That Passing The State Exam Involves Two Key Areas:
· Understanding The Topics On The State Exam
· Recognizing These Topics In The Questions

Our real estate exam system will reinforce topics by utilizing questions specific to the Texas real estate exam.

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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