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


Texas Exam Topics Pie Chart


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

Commission Duties And Powers

The TREC has established several advisory committees to assist in its regulatory functions and decision-making processes.

Licensing

Licensees are permitted to prepare and present real estate contracts and other related documents to facilitate transactions.

Standards Of Conduct

Brokers are required to maintain accurate and complete records of all transactions involving the trust account. The records should be organized and easily retrievable for inspection by TREC. Records need to be kept for four years.

Agency / Brokerage

Agents must present all written offers and counteroffers to their clients in a timely manner.

Contracts

If the seller fails to provide the SDN, the buyer may have the right to terminate the contract or seek damages for any losses suffered as a result of the failure to disclose.

Special Topics

Late fees must be specified in the lease agreement and generally cannot exceed a reasonable amount or 12% of the monthly rent, whichever is less.

Sunday's Questions



During escrow seller Matt died. Buyer Bryan negotiated with Matt for 2 months to arrive at an agreement that really benefited both parties. Of the following, what best describes what would happen in this situation

A.) The contract is terminated and would be null and void
B.) The escrow would continue through Matts heirs
C.) The escrow would continue but only after an administrator has been selected by the court
D.) The escrow would need to be canceled by the buyer due to the seller not being able to execute

Topic: Agency / Brokerage




During escrow seller Matt died. Buyer Bryan negotiated with Matt for 2 months to arrive at an agreement that really benefited both parties. Of the following, what best describes what would happen in this situation


Correct Answer:
The contract is terminated and would be null and void


Remember:
The contract is terminated. The deceased person's heirs or estate may choose to continue with the transaction, but they would need to enter into a new contract and go through the escrow process again. If the deceased person was the only party to the transaction, then the contract would be null and void.



Next Question →

What entity is responsible for marking the line of vegetation or the dune line in the coastal area

A.) The Texas General Land Office
B.) The federal government
C.) The local homeowners' association
D.) The buyer

Topic: Contracts


What entity is responsible for marking the line of vegetation or the dune line in the coastal area


Correct Answer:
The federal government


Remember:
The coastal area of Texas is defined as any area of land within the jurisdiction of a coastal county that is located seaward of the line of vegetation, as marked by the most seaward line of natural vegetation or the dune line, or alternatively, as indicated by the most seaward line on a federal government map.



Next Question →

Which of the following would be illegal according to the Texas Deceptive Trade Practice Act

A.) Representing that used goods are new
B.) Letting a real estate license lapse
C.) Not putting a contract between parties in writing
D.) All of the above

Topic: Standards of conduct


Which of the following would be illegal according to the Texas Deceptive Trade Practice Act


Correct Answer:
Representing that used goods are new


Remember:
The Texas DTPA ensures that salespersons act ethically and honestly in their dealings. They should not represent the thing they are selling or induce a consumer to purchase something by using deceptive practices. Representing something that is used as "new" is one of the most common violations of the DTPA. The other answers do not pertain to DTPA.



Next Question →

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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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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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