Level 9 Texas Real Estate License Act Questions And Answers With Verified Updates
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Course
Level 9 Texas Real Estate License Act
Institution
Level 9 Texas Real Estate License Act
How does the Real Estate License Act require brokers to provide consumers with information for the
purpose of filing complaints?
a. The broker must display Consumer Protection Notice TREC No. CN 1-2 in each place of business.
b. Agents can tell them orally.
c. Brokers are not required to provid...
Level 9 Texas Real Estate License Act
How does the Real Estate License Act require brokers to provide consumers with information for the
purpose of filing complaints?
a. The broker must display Consumer Protection Notice TREC No. CN 1-2 in each place of business.
b. Agents can tell them orally.
c. Brokers are not required to provide that information.
d. Sales agents should put it on their website. - The broker must display Consumer Protection
Notice TREC No. CN 1-2 in each place of business
Agent Sam owes Agent Layla a referral fee. How must he get it to her?
a. send it to Layla's sponsoring broker
b. give it to Layla directly
c. give it to her client to disburse to her
d. sent it to the brokerage's lawyer - send it to Layla's sponsoring broker
A person who is employed to rent land by the owner needs a real estate license.
a. FALSE
b. TRUE - False
A person who possesses a broker's license and is responsible for not only their own actions, but the
actions of every license holder in their real estate office is called a:
a. designated agent
b. designated buyer
c. designated broker
d. designated seller - designated agent
About how long can you have an expired license but still be eligible to reactivate your license without
retaking the state exam?
, a. about 2 years
b. about 1 year
c. about 3 years
d. about 4 years - about 2 years
After how many days will the Commission notify an applicant of their moral determination?
a. 30
b. 40
c. 50
d. 20 - 30
After receiving a notice of violation, how many days does a license holder have to request a hearing?
a. 20 days
b. 100 days
c. 5 days
d. 365 days - 20 days
All listing contracts in Texas must include two pieces of information: the special rules concerning anyone
who lives on a coast and what else?
a. that all commissions are negotiable
b. the name of the listing agent and broker
c. the seller's disclosure notice
d. whether a property has a Homeowner's Association - that all commissions are negotiable
An abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens,
and encumbrances is called what?
a. abstract of title
b. attorney's opinion of title
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