Real Estate Principles 1 Practice Exam

A significant difference between Texas brokers licensed before and after October 31, 1991 is that:

After 1991, licensees must complete ongoing continuing education. A Texas broker licensed before October 31, 1991 is exempt from continuing education requirements for license renewal. Before 1991 there were no CE requirements. Before 1991 licensees paid lower renewal fees.

Correct Answer:

A Texas broker licensed before October 31, 1991 is exempt from continuing education requirements for license renewal.

Explanation:

The key idea is how a rule change about continuing education depends on when the license was issued. Texas added continuing education requirements for broker license renewal with a cutoff date of October 31, 1991. Brokers who were licensed before that date were grandfathered and do not have to complete continuing education to renew. Brokers licensed after the cutoff must complete continuing education as part of renewal. That’s why the statement about pre-1991 licensees being exempt from continuing education for renewal best captures the significant difference between those who were licensed before and after that date. The other options either describe the rule inaccurately or focus on aspects (like renewal fees) that aren’t the core change being tested.

Access more questions from this quiz

Continue to Real Estate Principles 1 Practice Exam for more practice questions and the full quiz experience.

Access More Questions