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


Texas Exam Topics Pie Chart


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

Commission Duties And Powers

TREC's Enforcement Division has the authority to receive and investigate complaints against real estate professionals.

Licensing

A real estate licensee may operate under an assumed name, also known as a "dba" (doing business as), as long as they comply with the rules and regulations.

Standards Of Conduct

Agents should not make any statements or take any actions that could be perceived as discriminatory or in violation of fair housing laws.

Agency / Brokerage

After receiving the written agency disclosure, the prospective client or customer is required to acknowledge receipt of the disclosure and provide written consent to the desired agency relationship.

Contracts

The completed Seller's Disclosure Notice must be provided to the buyer before the buyer is obligated to purchase the property under a contract.

Special Topics

The DTPA is enforced by the Texas Attorney General's Office, consumer protection divisions, or by individual consumers through private lawsuits.

Friday's Questions



How many properties would an individual be allowed to sell in a year without a real estate license if they personally own those properties

A.) Four
B.) Five
C.) Six
D.) Seven

Topic: Licensing




How many properties would an individual be allowed to sell in a year without a real estate license if they personally own those properties


Correct Answer:
Five


Remember:
An individual can sell up to five properties in a calendar year without holding a real estate license.



Next Question →

During escrow the seller noticed a leak in the roof of the property. Due to this, they updated the sellers disclosure notice and delivered it to the buyer. What are the buyers rights in regards to this situation

A.) The buyer has the right to cancel the contract within 3 days
B.) The buyer has the right to delay escrow to re-inspect the property
C.) The buyer has the right to demand the seller to repair the leak prior to closing
D.) The buyer has no rights as the disclosure was made in good faith

Topic: Contracts


During escrow the seller noticed a leak in the roof of the property. Due to this, they updated the sellers disclosure notice and delivered it to the buyer. What are the buyers rights in regards to this situation


Correct Answer:
The buyer has the right to cancel the contract within 3 days


Remember:
An amendment to the SDN has a three-day right of rescission, allowing the buyer to cancel the contract within three days of receiving the amended SDN.



Next Question →

Of the following, which area does Chapter 1101 specifically address concerning real estate licensees

A.) Prohibited practices
B.) Disclosure requirements
C.) Conflicts of interest and ethical obligations
D.) All of the above

Topic: Commission duties and powers


Of the following, which area does Chapter 1101 specifically address concerning real estate licensees


Correct Answer:
All of the above


Remember:
Chapter 1101 addresses prohibited practices, conflicts of interest, disclosure requirements, and ethical obligations for licensees.



Next Question →

Great Job!!!

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

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