Texas Real Estate Exam Questions with 100% Correct Answer
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Course
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Exam Questions with
100% Correct Answers
If an applicant for a sales license engages in a brokerage transaction, the applicant:
a. may be paid for the transaction, after he gets his license
b. may face criminal charges resulting in fine or jail
c. is following standard operat...
a. Confidential information in writing to the parties
b. Any known material defects on the property
c. the amount of any previous offers
d. the financial assets of the buyer - Answer✔️✔️-b
In which of the following situations would the Texas property code excuse the seller
from delivery of the sellers disclosure notice regarding the condition of the property.
a. the seller has never lived in the house
b. the property is being sold as a foreclosure
c. the value of the improvements exceeds 5% of the sales price
d. the improvements on the property were constructed prior to 1978 - Answer✔️✔️-b
An agents disclosure of representation must be made:
a. Through the purchase offer
b. With the TREC promulgated form
c. In writing or verbally
d. With the IABS form - Answer✔️✔️-c
According to the TREC residential resale contract form, if a termination option fee is
paid, day one of the option period is:
a. When loan approval has been obtained
b. When the title commitment is issued
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