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TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts$12.99
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TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts
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Course
Texas Real estate
Institution
Texas Real Estate
TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts
TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2.pdf file:///C:/Users/HP/Desktop/New%20folder/TEXAS%20REAL%20
REAL ESTATE SALESPERSON STATE PREP EXAM 2
1. 1. What is the criminal penalty for engaging in the real estate brokeragebusiness in
Texas without first becoming licensed by TREC?
(a) A fine of up to $5,000 per day
(b) Triple damages
(c) A fine of not more than $4,000
(d) Imprisonment for up to 2 years
Answer C
2. 2. An individual has successfully sued a license holder in connection witha single
transaction and won a judgment for $110,000.The license holder hasdeclared bankruptcy
and TREC has agreed to pay out of the recovery trust account on behalf of the license
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holder. How much will TREC pay?
(a) $110,000
(b) $50,000 (c)
$100,000 (d)
$55,000
Answer B
3. 3. Which of the following about TREC is FALSE?
(a) TREC has 9 members
(b) 6 TREC members are public and 3 TREC members are brokers
(c) TREC has subpoena power
(d) TREC can advise with reference to its rules and the laws that govern licenseholders
Answer B
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4. 4. How many properties can an unlicensed investor sell in a year?
(a) 0
(b) Unlimited
(c) 3
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