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texas real estate exam prep workbook > unit 2 licensing > Flashcards

unit 2 licensing Flashcards

1
Q

t/f

TRELA does not apply to an attorney licensed in this state

A

true

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2
Q

t/f
apartment location and onsite apartment managers must obtain a real estate license and be under an active licensed broker

A

false

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3
Q

t/f

a real estate license in not needed to sell or lease mineral rights

A

true

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4
Q

t/f

a texas real estate broker may share part of the commission with a foreign broker

A

true

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5
Q

t/f

one tenant can help find another tenant for the landlord and receive a discount of half of a month’s rent

A

false

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6
Q

t/f
a licensed auctioneer, while conducting the sale of real estate by auction, does not have to hold a real estate license if the auctioneer does not perform another act of a broker or sales agent

A

true

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7
Q

t/f
real estate brokers are responsible to be public and to TREC for the professional actions of the sales agents they sponser

A

true

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8
Q

t/f

a sales agent applicant must achieve at least a 70% score on both the national and state portions of the licensing exam

A

true

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9
Q

t/f

a real estate applicant must be 21 years of age at the time of application

A

false

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10
Q

t/f
to be eligible to apply for a sales agent license, a person must complete 180 classroom hours of education as required by TRELA

A

true

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11
Q

to determine whether or not a real estate license is required for a particular activity or dealing, all of the following would be required except

A

the activity or dealing would have to involve a commission

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12
Q

which of the following would not require a real estate license?

A

negotiating the acquisition of goodwill and assets of a business opportunity for another and for some type of valuable consideration

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13
Q

all of the following are requirements to be eligible for real estate license except

A

being a u.s. citizen or legal or legal alien

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14
Q

after completing all of the educational requirements, all of the following must be submitted to TREC at the time of application except

A

a sales agent sponsorship form

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15
Q

an applicant for a broker’s license must complete the required education of

A

900 classroom hours of education

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16
Q

an applicant for a broker’s license must complete the required education, which includes at least

A

270 classroom hours of core real estate courses

17
Q

an applicant for a broker’s license must complete the required education, which includes

A

630 classroom hours in either core real estate courses or related courses

18
Q

after receiving the broker’s license, if acting as a managing broker, the broker will have all the following additional duties except

A

directly supervising the sales agents in the brokerage firm

19
Q

a person who receives compensation for selling, buying, transferring, or leasing right-of-way in connection with telecommunications, utility, railroad, or pipeline companies may have any of the following except

A

an employment contract with the telecommunication, utility, railroad, or pipeline company

20
Q

which of the following is not true regarding a certificate of registration?

A

a certificate of registration is mandatory for a person who receives compensation for selling, buying, transferring, or leasing rights-of-way in connection with telecommunication, utility, railroad, or pipeline companies

21
Q

if TREC declines to issue a license, it must

A

immediately give written notice and allow an appeal

22
Q

the licensing exam is administered by a testing service for TREC. the passing score for a broker exam is

A

70% on both national questions and state questions

23
Q

the licensing exam is administered by a testing service for TREC. the passing score for a sales agent exam is

A

75% on both national questions and state questions

24
Q

if a test taker fails one portion of the exam, they

A

only need to retake the failed portion

25
Q

all of the following may complete a real estate transaction or complete certain real estate activities without a license except

A

a tenant who refers a new tenant with expectation of a reduction in rent

26
Q

all of the following may complete a real estate transaction or complete certain real estate activities without a license except

A

a person who receives a fee for preparing an opinion of value

27
Q

which of the following may not complete a real estate transaction or complete certain real estate activities without a license?

A

a host or hostess at an open house

28
Q

under what circumstances, if any, can a texas broker share commission with a nonresident broker?

A

a texas broker may share commission with nonresident broker as long as nonresident brokers do not conduct negotiations in texas

29
Q

which of the following must be under the direct supervision of a professional inspector

A

apprentice inspector

30
Q

which of the following has the most education and experience?

A

certified general appraiser

31
Q

the sales agent apprentice education (SAE) requirement for first renewal two years after receiving the initial license is an additional

A

98 classroom hours

32
Q

after having satisfied the sales agent apprentice education (SEA) requirements for first renewal, brokers and sales agents must complete

A

18 hours of mandatory continuing education (mce) every two years

33
Q

if the brokerage firm changes addresses, the principal broker must apply to TREC for a new license within

A

10 days

34
Q

if a sales agent leaves a brokerage firm or is terminated, the principal broker must return the sales agent’s license to TREC

A

immediately

35
Q

which of the following is not true?

A

a sales agent whose license has returned must wait for the new broker to receive the license from TREC before engaging in brokerage activities

36
Q

corporations and other business entities, such as a limited partnership or limited liability companies, operation under an assumed name must do all of the following except

A

file a certificate of assumed name with the county clerk in each county in which they conduct real estate.

texas real estate exam prep workbook (4 decks)

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