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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


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

Commission Duties And Powers

In addition to other licensing fees required, the commission shall collect a fee of $10 to deposit to the credit of the trust account from an applicant for an original license or certificate of registration.

Licensing

The TREC may reject a real estate license application if the applicant does not meet certain criteria or if there are grounds that warrant rejection.

Standards Of Conduct

If the landlord can show that a particular criminal history poses a direct threat to the safety of other tenants or the property the landlord may be able to deny the applicant or tenant housing based on their criminal record.

Agency / Brokerage

Agents owe their clients a fiduciary duty, which means they must act in the client's best interest, putting the client's needs and objectives above their own.

Contracts

The utility easement disclosure must be given to the buyer before the purchase contract is signed or within three days after the contract is signed.

Special Topics

The homestead exemption is a benefit provided to homeowners that can help reduce their property tax liability.

Sunday's Free Practice Questions

What is a short sale in real estate


A.) Selling a property for a higher price than its market value
B.) Selling a property for less than the outstanding mortgage balance
C.) Selling a property without the lender's approval
D.) Selling a property through a public auction


A
B
C
D

This Is A Special topics Question



You Answered:


What is a short sale in real estate


Correct Answer:
Selling a property for less than the outstanding mortgage balance

A short sale occurs when a property is sold for an amount less than the outstanding mortgage balance.



Next Question →

Which of the following agency relationship would a licensee be allowed to represent both buyer and seller


A.) Seller's Agent
B.) Buyer's Agent
C.) Listing Agent
D.) Intermediary Agent


A
B
C
D

This Is A Agency / Brokerage Question


You Answered:

Which of the following agency relationship would a licensee be allowed to represent both buyer and seller


Correct Answer:
Intermediary Agent

The three primary types of agency relationships in Texas are Seller's Agent, Buyer's Agent, and Intermediary.



Next Question →

Broker Bob has a listing agreement that just expired. Nobody has expressed any interest in the property, nobody attended any open houses and no offers where ever presented. How long must Broker Bob keep a record of this


A.) Two years
B.) Three years
C.) Four years
D.) None of the above


A
B
C
D

This Is A Contracts Question


You Answered:

Broker Bob has a listing agreement that just expired. Nobody has expressed any interest in the property, nobody attended any open houses and no offers where ever presented. How long must Broker Bob keep a record of this


Correct Answer:
Four years

All records need to be kept. Even for listings that never sold. Remember the the four year requirement would be from when the listing agreement was signed.



Next Question →

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