Rules of the Texas Real Estate Comission

Question 1

The primary duty of the real estate agent is to represent the interest of the agent’s ______.

Answer 1

Client

Question 2

The agent shall treat other parties to a transaction ______.

Answer 2

Fairly

Question 3

The real estate agent be ________ and _________ to trust placed in the agent.

Answer 3

Faithful

Observant

Question 4

The real estate agent be __________ and __________ in performing the agent’s functions.

Answer 4

Scrupulous

Meticulous

Question 5

The real estate agent place no ________ ________ above that of the agent’s client.

Answer 5

Personal Interest

Question 6

A real estate broker or salesperson has a special obligation to exercise _________.

Answer 6

Integrity

Question 7

A real estate agent should be informed on ________ ___________ affecting the real estate business.

Answer 7

Market Condition

Question 8

The agent should be informed on ________, _____, & _____ issues and developments in real estate industry.

Answer 8

National, State, & Local issues and developments

Question 9

Each real estate inspector or active broker licensed by TREC shall display ________ ___________ ____ ___ in each place of business.

Answer 9

Consumer Information Form 1-1

Question 10

_____ __________ _____ gives TREC the authority to revoke or suspend an individual’s real estate license for being convicted of a felony or misdemeanor that relates to the real estate profession.

Answer 10

Texas Occupation Code

Question 11

A real estate broker or salesperson, while acting as an agent for another, is a _________.

Answer 11

Fiduciary