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We Cover All The Topics On The Texas Real Estate Exam:

  • Commission Duties And Powers
  • Licensing
  • Standards Of Conduct
  • Agency / Brokerage
  • Contracts
  • Special Topics
  • (Brokers Only)
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The Key To Passing The Texas State Exam Is Understanding The Topic Areas


Texas Exam Topics Pie Chart


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

Commission Duties And Powers

Chapter 1102 of the Texas Occupations Code outlines the disciplinary actions that can be taken by TREC against real estate inspectors for violations of the code. This may include fines, license suspension or revocation, and other administrative penalties.

Licensing

The TREC is required by law to deny a license renewal to an applicant who is in default on child support or has been reported to the licensing agency by the Texas Higher Education Coordinating Board for defaulting on a student loan.

Standards Of Conduct

Agents should ensure that their online advertising is accurate, properly identifies the agent and brokerage, and complies with TREC's guidelines.

Agency / Brokerage

It's important for real estate agents to understand and fulfill their duties to their clients, including the minimum services required by law.

Contracts

The law provides that a seller who provides the required notice about a retained mineral interest is not liable for any diminution in value of the property that is caused by the mineral interest, except in cases of fraud, intentional misrepresentation, or breach of contract.

Special Topics

The redemption amount typically includes the unpaid tax debt, penalties, interest, and any additional fees or costs incurred during the foreclosure process.

Tuesday's Free Practice Questions

If the seller fails to provide the buyer with the seller's disclosure notice, what right does the buyer


A.) The right to file suit for failure to disclose
B.) The right to rescind the contract
C.) The right to demand specific performance
D.) The right to require the seller pay for all inspections


A
B
C
D

This Is A Contracts Question



You Answered:


If the seller fails to provide the buyer with the seller's disclosure notice, what right does the buyer


Correct Answer:
The right to rescind the contract

If the seller fails to provide the SDN, the buyer may have the right to terminate the contract.



Next Question →

Broker Jack has been using an interest bearing trust account. He clients are aware of this and have signed an agreement acknowledging that Jack is keeping the interest. Of the following, what best describes this action


A.) TREC will take disciplinary action and suspend Jacks license
B.) Under TREC rules, Jack cannot keep this interest
C.) Any interest earned on trust funds must be deposited with the Texas Real Estate Research Center
D.) This is acceptable under TREC rules regarding trust accounts


A
B
C
D

This Is A Standards of conduct Question


You Answered:

Broker Jack has been using an interest bearing trust account. He clients are aware of this and have signed an agreement acknowledging that Jack is keeping the interest. Of the following, what best describes this action


Correct Answer:
This is acceptable under TREC rules regarding trust accounts

A trust fund bank account in Texas is allowed to be interest-bearing. However, unless otherwise provided for by an agreement signed by the owner of the funds, any interest earned on trust funds must be given to the owner of the funds.



Next Question →

What is the primary purpose of using standard contract forms in real estate transactions


A.) To provide consistency to real estate contracts
B.) To provide clarity to real estate contracts
C.) To provide legal compliance to real estate contracts
D.) All of the above


A
B
C
D

This Is A Contracts Question


You Answered:

What is the primary purpose of using standard contract forms in real estate transactions


Correct Answer:
All of the above

The use of standard contract forms is common practice and highly recommended for ensuring consistency, clarity, and legal compliance in real estate transactions.



Next Question →

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