Texas real estate sales agent exam
Pass the Texas exam. Then actually know the rules. Questions written from the Texas Real Estate License Act, TREC rules and federal housing law: ownership, valuation, finance, agency, contracts and Texas practice. Every miss comes back before your exam.
Search the questions 77 original questions, each with its source. Tap one to see the answer.
All modules Property, ownership & land use Valuation, financing & math Agency, intermediary & fair housing Contracts, deeds & leases TREC & Texas licensing Texas brokerage practice & disclosures
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Which estate gives the owner the most complete ownership of land?Property, ownership & land use · Real estate principles (national portion), estates in land · Instructor review pending A owns a life estate measured by A's own life. When A dies, the property goes to B. B holds a…Property, ownership & land use · Real estate principles (national portion), life estates · Instructor review pending Which form of co-ownership includes the right of survivorship?Property, ownership & land use · Real estate principles (national portion), co-ownership · Instructor review pending Ownership by one person alone is called ownership in…Property, ownership & land use · Real estate principles (national portion), forms of ownership · Instructor review pending Texas is a community property state. Property acquired by either spouse during marriage is generally…Property, ownership & land use · Texas Family Code ch. 3 · Instructor review pending Under the Texas Constitution and Property Code, an urban homestead may include up to…Property, ownership & land use · Texas Property Code §41.002 · Instructor review pending A right to use another person's land for a specific purpose, such as a driveway, is a(n)…Property, ownership & land use · Real estate principles (national portion), easements · Instructor review pending An easement appurtenant benefits the…Property, ownership & land use · Real estate principles (national portion), easements · Instructor review pending A neighbor's fence that extends 2 feet onto your lot is a(n)…Property, ownership & land use · Real estate principles (national portion), encumbrances · Instructor review pending The government's power to take private property for public use, with just compensation, is…Property, ownership & land use · Real estate principles (national portion), government powers · Instructor review pending Zoning laws are an exercise of the government's…Property, ownership & land use · Real estate principles (national portion), land use controls · Instructor review pending A store that legally existed before a residential zoning change and may keep operating is a…Property, ownership & land use · Real estate principles (national portion), zoning · Instructor review pending Courts commonly decide whether an item is a fixture by looking at…Property, ownership & land use · Real estate principles (national portion), fixtures · Instructor review pending If a property owner dies with no will and no heirs, the property passes to the state by…Property, ownership & land use · Real estate principles (national portion), government powers · Instructor review pending Which appraisal approach is usually most reliable for a single-family home in an active market?Valuation, financing & math · Real estate principles (national portion), valuation · Instructor review pending Which approach is best suited to a special-purpose property like a church or school?Valuation, financing & math · Real estate principles (national portion), valuation · Instructor review pending A building's net operating income is $60,000 and the cap rate is 8%. Its value by the income approach is…Valuation, financing & math · Real estate principles (national portion), income approach · Instructor review pending A busy new highway next to a home lowers its value. This is…Valuation, financing & math · Real estate principles (national portion), depreciation · Instructor review pending A five-bedroom house with only one bathroom suffers from…Valuation, financing & math · Real estate principles (national portion), depreciation · Instructor review pending One discount point equals…Valuation, financing & math · Real estate principles (national portion), financing · Instructor review pending A buyer pays $300,000 and borrows $240,000. The loan-to-value ratio is…Valuation, financing & math · Real estate principles (national portion), financing · Instructor review pending On a conventional loan, private mortgage insurance is typically required when the loan-to-value ratio is above…Valuation, financing & math · Real estate principles (national portion), financing · Instructor review pending Under TRID, the lender must deliver the Closing Disclosure at least how long before closing (consummation)?Valuation, financing & math · TILA-RESPA Integrated Disclosure rule (12 CFR 1026.19) · Instructor review pending RESPA prohibits…Valuation, financing & math · RESPA, 12 U.S.C. 2607 · Instructor review pending A loan whose payments cover both principal and interest so it is fully paid at the end of the term is…Valuation, financing & math · Real estate principles (national portion), financing · Instructor review pending The Truth in Lending Act requires lenders to disclose the…Valuation, financing & math · Truth in Lending Act (Regulation Z) · Instructor review pending A home's assessed value is $250,000 and the total tax rate is $2.40 per $100. The annual tax is…Valuation, financing & math · Real estate principles (national portion), calculations · Instructor review pending How many square feet are in one acre?Valuation, financing & math · Real estate principles (national portion), calculations · Instructor review pending A broker's fiduciary duties to a client include…Agency, intermediary & fair housing · Real estate principles (national portion), agency · Instructor review pending A listing agreement usually makes the broker a…Agency, intermediary & fair housing · Real estate principles (national portion), agency · Instructor review pending Under the Fair Housing Act, which is a protected class?Agency, intermediary & fair housing · Fair Housing Act, 42 U.S.C. 3601–3619 · Instructor review pending Directing buyers toward or away from neighborhoods based on race is…Agency, intermediary & fair housing · Fair Housing Act, 42 U.S.C. 3601–3619 · Instructor review pending Encouraging owners to sell by saying people of a certain race are moving in is…Agency, intermediary & fair housing · Fair Housing Act, 42 U.S.C. 3601–3619 · Instructor review pending A lender refusing loans in an area because of its racial makeup is…Agency, intermediary & fair housing · Fair Housing Act, 42 U.S.C. 3601–3619 · Instructor review pending The Civil Rights Act of 1866 prohibits discrimination in property transactions based on…Agency, intermediary & fair housing · Civil Rights Act of 1866, 42 U.S.C. 1982 · Instructor review pending A landlord must allow a tenant with a disability to make reasonable modifications…Agency, intermediary & fair housing · Fair Housing Act, 42 U.S.C. 3601–3619 · Instructor review pending In Texas, a broker who represents both the buyer and seller in the same transaction, with written consent of both, acts as a(n)…Agency, intermediary & fair housing · Texas Occupations Code ch. 1101 (Real Estate License Act) §1101.559 · Instructor review pending As an intermediary in Texas, a broker may appoint different sponsored associates to communicate with and advise each party only if…Agency, intermediary & fair housing · Texas Occupations Code ch. 1101 (Real Estate License Act) §1101.560 · Instructor review pending An intermediary in Texas may NOT, without written instructions, disclose…Agency, intermediary & fair housing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending Puffing, such as calling a home "the best view in town," is…Agency, intermediary & fair housing · Real estate principles (national portion), agency · Instructor review pending Which is NOT required for a valid contract?Contracts, deeds & leases · Real estate principles (national portion), contracts · Instructor review pending Contracts to sell real estate must be in writing to be enforceable under the…Contracts, deeds & leases · Texas Business & Commerce Code §26.01 · Instructor review pending A buyer offers $300,000; the seller replies "I'll accept $310,000." The buyer's original offer is…Contracts, deeds & leases · Real estate principles (national portion), contracts · Instructor review pending A contract signed by a minor is generally…Contracts, deeds & leases · Real estate principles (national portion), contracts · Instructor review pending In an option contract, the optionee…Contracts, deeds & leases · Real estate principles (national portion), contracts · Instructor review pending In the TREC One to Four Family Residential Contract (Resale), the buyer's unrestricted right to terminate for a set number of days in exchange for a fee is the…Contracts, deeds & leases · TREC One to Four Family Residential Contract (Resale), Paragraph 5 · Instructor review pending Which deed gives the buyer the greatest protection?Contracts, deeds & leases · Real estate principles (national portion), deeds · Instructor review pending A quitclaim deed conveys…Contracts, deeds & leases · Real estate principles (national portion), deeds · Instructor review pending For a deed to transfer title, it must be…Contracts, deeds & leases · Real estate principles (national portion), transfer of title · Instructor review pending Recording a deed in the county records gives…Contracts, deeds & leases · Real estate principles (national portion), recording · Instructor review pending A lease that automatically renews for successive months until notice is given is a(n)…Contracts, deeds & leases · Real estate principles (national portion), leasehold estates · Instructor review pending A tenant who stays after the lease ends without the landlord's consent holds a…Contracts, deeds & leases · Real estate principles (national portion), leasehold estates · Instructor review pending A retail lease where rent includes a share of the tenant's gross sales is a…Contracts, deeds & leases · Real estate principles (national portion), leasing · Instructor review pending The Texas Real Estate Commission has how many members appointed by the governor?TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) §1101.051 · Instructor review pending How many classroom hours of qualifying education must a Texas sales agent applicant complete?TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act); 22 TAC ch. 535 (TREC rules) · Instructor review pending To get a Texas sales agent license, an applicant must be at least…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending A Texas sales agent may act for others in a real estate transaction only when…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending Someone with a possible criminal history worried about qualifying can ask TREC before enrolling for a(n)…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending A Texas real estate license is generally renewed every…TREC & Texas licensing · 22 TAC ch. 535 (TREC rules) · Instructor review pending Before the first renewal, a new Texas sales agent must complete how many hours of sales agent apprentice education (SAE)?TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending After the first renewal, Texas licensees must complete how many hours of continuing education each renewal period?TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act); 22 TAC ch. 535 (TREC rules) · Instructor review pending The maximum payment from the Texas Real Estate Recovery Trust Account for claims from a single transaction is…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) §1101.610 · Instructor review pending Acting as a real estate broker or sales agent in Texas without a license is…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending TREC may impose an administrative penalty of up to how much per violation?TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending If a sales agent's sponsoring broker ends the sponsorship, the sales agent's license…TREC & Texas licensing · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending Texas licensees must give a party the Information About Brokerage Services (IABS) notice…Texas brokerage practice & disclosures · Texas Occupations Code ch. 1101 (Real Estate License Act) §1101.558 · Instructor review pending A Texas broker's website must link to the IABS form and to the…Texas brokerage practice & disclosures · 22 TAC ch. 535 (TREC rules) · Instructor review pending When a TREC promulgated form exists for a transaction, a Texas licensee generally must…Texas brokerage practice & disclosures · 22 TAC §537.11 · Instructor review pending A Texas licensee may NOT…Texas brokerage practice & disclosures · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending A Texas broker must deposit earnest money they hold in trust no later than…Texas brokerage practice & disclosures · 22 TAC ch. 535 (TREC rules) · Instructor review pending Mixing client funds with the broker's own money is called…Texas brokerage practice & disclosures · Texas Occupations Code ch. 1101 (Real Estate License Act) · Instructor review pending Texas advertising rules require a licensee's ad to include…Texas brokerage practice & disclosures · 22 TAC §535.155 · Instructor review pending Most sellers of single-family residential property in Texas must give buyers a…Texas brokerage practice & disclosures · Texas Property Code §5.008 · Instructor review pending For housing built before 1978, sellers and landlords must disclose…Texas brokerage practice & disclosures · Residential Lead-Based Paint Hazard Reduction Act, 42 U.S.C. 4852d · Instructor review pending The Texas law that lets consumers sue for false, misleading or deceptive acts, including by licensees, is the…Texas brokerage practice & disclosures · Texas Business & Commerce Code ch. 17 · Instructor review pending A licensee who is buying a property for themselves must…Texas brokerage practice & disclosures · Texas Occupations Code ch. 1101 (Real Estate License Act); 22 TAC ch. 535 (TREC rules) · Instructor review pending A broker earns a 6% commission on a $350,000 sale and the sales agent gets 60% of it. The agent earns…Texas brokerage practice & disclosures · Real estate principles (national portion), calculations · Instructor review pending 