unit 2 licensing Flashcards
t/f
TRELA does not apply to an attorney licensed in this state
true
t/f
apartment location and onsite apartment managers must obtain a real estate license and be under an active licensed broker
false
t/f
a real estate license in not needed to sell or lease mineral rights
true
t/f
a texas real estate broker may share part of the commission with a foreign broker
true
t/f
one tenant can help find another tenant for the landlord and receive a discount of half of a month’s rent
false
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
true
t/f
real estate brokers are responsible to be public and to TREC for the professional actions of the sales agents they sponser
true
t/f
a sales agent applicant must achieve at least a 70% score on both the national and state portions of the licensing exam
true
t/f
a real estate applicant must be 21 years of age at the time of application
false
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
true
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
the activity or dealing would have to involve a commission
which of the following would not require a real estate license?
negotiating the acquisition of goodwill and assets of a business opportunity for another and for some type of valuable consideration
all of the following are requirements to be eligible for real estate license except
being a u.s. citizen or legal or legal alien
after completing all of the educational requirements, all of the following must be submitted to TREC at the time of application except
a sales agent sponsorship form
an applicant for a broker’s license must complete the required education of
900 classroom hours of education
an applicant for a broker’s license must complete the required education, which includes at least
270 classroom hours of core real estate courses
an applicant for a broker’s license must complete the required education, which includes
630 classroom hours in either core real estate courses or related courses
after receiving the broker’s license, if acting as a managing broker, the broker will have all the following additional duties except
directly supervising the sales agents in the brokerage firm
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
an employment contract with the telecommunication, utility, railroad, or pipeline company
which of the following is not true regarding a certificate of registration?
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
if TREC declines to issue a license, it must
immediately give written notice and allow an appeal
the licensing exam is administered by a testing service for TREC. the passing score for a broker exam is
70% on both national questions and state questions
the licensing exam is administered by a testing service for TREC. the passing score for a sales agent exam is
75% on both national questions and state questions
if a test taker fails one portion of the exam, they
only need to retake the failed portion
all of the following may complete a real estate transaction or complete certain real estate activities without a license except
a tenant who refers a new tenant with expectation of a reduction in rent
all of the following may complete a real estate transaction or complete certain real estate activities without a license except
a person who receives a fee for preparing an opinion of value
which of the following may not complete a real estate transaction or complete certain real estate activities without a license?
a host or hostess at an open house
under what circumstances, if any, can a texas broker share commission with a nonresident broker?
a texas broker may share commission with nonresident broker as long as nonresident brokers do not conduct negotiations in texas
which of the following must be under the direct supervision of a professional inspector
apprentice inspector
which of the following has the most education and experience?
certified general appraiser
the sales agent apprentice education (SAE) requirement for first renewal two years after receiving the initial license is an additional
98 classroom hours
after having satisfied the sales agent apprentice education (SEA) requirements for first renewal, brokers and sales agents must complete
18 hours of mandatory continuing education (mce) every two years
if the brokerage firm changes addresses, the principal broker must apply to TREC for a new license within
10 days
if a sales agent leaves a brokerage firm or is terminated, the principal broker must return the sales agent’s license to TREC
immediately
which of the following is not true?
a sales agent whose license has returned must wait for the new broker to receive the license from TREC before engaging in brokerage activities
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
file a certificate of assumed name with the county clerk in each county in which they conduct real estate.
