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


Texas Exam Topics Pie Chart


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

Commission Duties And Powers

A person whose license has been revoked must wait at least two years before petitioning for reinstatement.

Licensing

There is no specific residency requirement to obtain a Texas real estate license. Applicants do not need to be Texas residents, but they must meet other eligibility criteria.

Standards Of Conduct

Real estate licensees are expected to adhere to high standards of professional ethics and conduct.

Agency / Brokerage

The designated supervisor may not accept new business on behalf of the broker, and the supervisors responsibilities are limited to carrying out the acts necessary to bring any pending transactions to a conclusion.

Contracts

The seller of residential real estate must provide the buyer with a disclosure notice if the property is located within a floodplain or a flood pool.

Special Topics

Urban homesteads are located in cities or towns.

Thursday's Free Practice Questions

Broker Jackson manages the Lone Oak Apartments. Jackson has an agreement with the property owner that defines his management fee as 20% of all the rents collected from the tenants each month. If all tenants paid their rent on the 1st of the month, how long does Jackson have to withdraw his management fee


A.) As promptly as possible
B.) Within 24 hours of earning the funds
C.) Within 3 days of earning the funds
D.) Jackson has up to 30 days


A
B
C
D

This Is A Question



You Answered:


Broker Jackson manages the Lone Oak Apartments. Jackson has an agreement with the property owner that defines his management fee as 20% of all the rents collected from the tenants each month. If all tenants paid their rent on the 1st of the month, how long does Jackson have to withdraw his management fee


Correct Answer:
Jackson has up to 30 days

Commissions, fees, and other income may remain in the trust account for up to 30 days.



Next Question →

How many hours of contract-related coursework are required for active individual broker license renewal


A.) 1 hour
B.) 2 hours
C.) 3 hours
D.) 4 hours


A
B
C
D

This Is A Question


You Answered:

How many hours of contract-related coursework are required for active individual broker license renewal


Correct Answer:
3 hours

3 hours of contract-related coursework are required for active individual broker license renewal.



Next Question →

In regards to a dispute over a commission agreement in which mediation is unsuccessful, what option may the broker consider


A.) Renegotiating the compensation agreement
B.) Pursuing legal action by filing a lawsuit
C.) Withhold all transaction records for a period of two years
D.) Propose a payment schedule in which the client accepts


A
B
C
D

This Is A Question


You Answered:

In regards to a dispute over a commission agreement in which mediation is unsuccessful, what option may the broker consider


Correct Answer:
Pursuing legal action by filing a lawsuit

If mediation or arbitration is unsuccessful or not applicable, the broker may consider pursuing legal action by filing a lawsuit.



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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