Texas Real Estate Exam 2 – State (Latest 2023 - 2024)
New Full Exam Questions and Answers Included
- TREC member structure
Answer: 9 committee members - 3 from the public, 6 brokers, all
appointed by governor and approved by the senate, 6 year terms
- broker lawyer committee
Answer: 13 members (6 brokers from TREC, 6 law Years from state
bar association, 1 public member from governor)
- alternative dispute resolution course length (required to become
a TREC mediator)
Answer: 40 hours
- punishment for people acting as real estate brokers without a
TREC li- cense
Answer: class A misdemeanor, 4000 fine and/or imprisonment for
a year
- real estate recovery trust account
Answer: for people who suffer money loss from licensees (can
receive up to triple damages), if balance is below 1,000,000 TREC can add $10 to broker renewal fees
- people who need real estate licenses
Answer: attorneys who split commission, ac tioners, apartment
locators, salespeople, third party who controls rent flow
- / 2
- Salesman apprenticeship education
Answer: complete 90 hours of real estate course credit within first 2
years
- mandatory continuing education
Answer: after first renewal, must be taken every 2 years (15 hours)
- amount of time to appeal license denial
Answer: 10 days
- trec consumer form 1-1
Answer: notifies public of recovery trust, must be displayed in
broker's office
- senate bill 489 – intermediary
Answer: allows broker to act as an intermediary with written
permission, only broker can be an intermediary
- appointed associates
Answer: work under the intermediary, can give advice and opinions
to one party, broker can't give advice or opinions to either
- senate bill 489 - information about brokerage services
Answer: must be given at first substantive dialogue, exceptions: open houses, meeting with someone represented by another licensee, or leases for 1 year or less (form is voluntary, wording is not)
- / 2