Exam (elaborations)
TREC STATE EXAM QUESTIONS AND ANSWERS
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TREC STATE EXAM QUESTIONS AND ANSWERS
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TREC STATE EXAM QUESTIONS AND ANSWERSTREC has received an application for a Texas Real Estate Sales License from Mary.
Mary has completed all her educational requirements, and passed the state exam. At
this point TREC will begin the background check. Which of the following statements is
FALSE?
(a) TREC has no time limit for determining integrity
(b) TREC has 30 days to complete the background check
(c) TREC has 30 days to notify Mary of a decision to disapprove her application
(d) Mary has 30 days to appeal a denial of her application - Answers -Correct answer:
B:
TREC has no limit on days to review your application or complete your background
check. They have 30 days to notify you of their decision and you have 30 days to
appeal that decision.
Marcos was a Texas licensed Real Estate Sales agent for some time. He then chose to
become inactive and TREC has been holding his license in inactive status. He now
wishes to activate the license. What will he have to do?
(a) Apply through a broker, pay $50 and take a 30-hour continuing education course
(b) Apply through a broker, pay $200 and take a 30-hour continuing education course
(c) Apply through broker , pay their $50 Renewal fee and take 18-hour continuing
education course if necessary
(d) Apply through a broker and take a 30-hour continuing education course if necessary
- Answers -Correct answer C:
Licensees past their 2 yr SAE period (experienced) must be sponsored by a broker, pay
their $50 renewal fee and take 18hrs (10 CE, 8 Legal) to re-activate an inactive license.
There is no time limit for experienced agents to be inactive nor education required while
inactive as long as you pay your renewal fee every two years.
When must the option fee be delivered?
(a) The buyer must pay his agent the option fee within 3 days of the effective date of the
contract
(b) The buyer must pay the seller the option fee within 3 days of the effective date of the
contract
, (c) The buyer must pay his agent the option fee within 7 days of the date of the contract
(d) The buyer must pay the seller the option fee within 7 days of the date of the contract
- Answers -Correct answer B:
Per paragraph 23 of the contract the buyer has 3 days to deliver the option fee to the
seller or seller's agent which must be made payable to the seller only.
How many properties can an unlicensed investor sell in a year?
(a) 0
(b) Unlimited
(c) 3
(d) 5 - Answers -Correct Answer: B
An unlicensed investor can buy and sell his own properties an unlimited number of
times per year.
All approved CE classes include:
(a) 18 hours of legal update
(b) 10 hours of legal update
(c) 8 hours of legal update
(d) 6 hours of legal update - Answers -Correct Answer: C
All CE (Continuing Education) classes include Legal 1 (4 hours) and Legal 2 (4 hours).
A broker has a verbal listing agreement with a seller. The seller has agreed to sign a
written listing agreement but has not done so yet. What is true?
(a) The broker's status at this time is that of a volunteer
(b) The broker can place his sign on the property at this time
(c) The broker has an enforceable employment contract with the seller
(d) An oral listing agreement including the seller's promise to sign a written agreement
makes the agreement enforceable - Answers -Correct Answer: A
A broker with a verbal listing agreement is considered a volunteer. Written permission is
required to place a sign on a property. A verbal real estate agreement is not enforceable
against the client. A promise to sign is not a signature. The agreement must be signed
to be enforceable.
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