Texas Real Estate Practice Questions
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Can an unlicensed assistant host an open house alone in Texas?
No, an unlicensed assistant may not host an open house alone in Texas.
Hosting an open house involves answering questions about the property and showcasing it, which are acts of brokerage requiring a real estate license.
TREC Rule §535.4— Permitted activities of unlicensed persons
Contracts & Agreements
1 QuestionHow many days does a buyer have to deposit earnest money in Texas?
The earnest money and option fee must be delivered within three calendar days after contract execution.
Promulgated Contract Forms
3 QuestionsCan a sales agent change a TREC promulgated contract?
No, a sales agent may not draft custom clauses or make substantive alterations that change legal rights.
Does TREC have a promulgated Listing Agreement?
No, TREC does NOT publish or promulgate listing agreements.
What is the penalty for the unauthorized practice of law in Texas?
The unauthorized practice of law can result in license suspension, revocation, and class A misdemeanor charges.
Property Ownership & Rights
2 QuestionsWhat is a Homestead in Texas real estate?
A homestead is an owner-occupied primary residence protected from forced sale by most general creditors.
What is the difference between an easement and an encroachment?
An easement is a legal right to use another's land, while an encroachment is an unauthorized physical intrusion.
Texas Law of Agency
4 QuestionsWhat constitutes substantive dialogue for the IABS form in Texas?
Substantive dialogue is any meeting or communication involving specific real property.
What is an Intermediary Relationship in Texas real estate?
An intermediary relationship is the legal mechanism allowing a single broker to represent both buyer and seller.
When can a broker act as an Intermediary in Texas?
A broker can act as an intermediary only when they represent both parties in writing.
When must the IABS form be provided to a consumer in Texas?
The IABS form must be provided at the first substantive dialogue concerning a specific real property.
Texas License Law & TREC
7 QuestionsCan a sponsoring broker pay a referral fee directly to an unlicensed person?
No, a Texas broker is strictly prohibited from paying a referral fee or commission to any unlicensed person.
Can an unlicensed assistant host an open house alone in Texas?
No, an unlicensed assistant may not host an open house alone in Texas.
Can an unlicensed assistant host an open house alone in Texas?
No, an unlicensed assistant may not host an open house alone in Texas.
How many members compose the Texas Real Estate Commission (TREC)?
TREC consists of exactly nine members appointed by the Governor.
Is the Texas real estate exam graded as two separate tests?
Yes, the National and Texas State portions are graded and scored as two entirely separate exams.
What is the passing score for the Texas real estate exam?
You must score 70% on each of the separate National and State portions independently.
Who appoints the members of the Texas Real Estate Commission (TREC)?
The Governor of Texas appoints all nine members of TREC with the advice and consent of the State Senate.
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Texas Real Estate Exam Coach
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