TX RE Broker Practice Questions - Texas Real Estate Broker Exam - TX RE Broker Practice Questions

Question 1

Under TREC rules, how long must a designated broker retain transaction records after the closing or termination of a real estate transaction?

Two years Four years Five years Seven years

Correct Answer:

Four years

Question 2

A Texas broker discovers that a sponsored sales agent failed to provide the Information About Brokerage Services (IABS) form at first substantive contact. What is the broker's primary obligation?

Immediately terminate the agent's sponsorship File a complaint with TREC against the agent Ensure compliance and take corrective action, as the broker bears supervisory responsibility Do nothing, since IABS compliance is solely the agent's responsibility

Correct Answer:

Ensure compliance and take corrective action, as the broker bears supervisory responsibility

Question 3

Under Texas law, which type of trust account must a broker maintain for holding earnest money deposits?

A personal savings account at any financial institution A federally insured demand deposit account (checking) at a recognized depository A money market account with a brokerage firm An escrow account with the title company handling the closing

Correct Answer:

A federally insured demand deposit account (checking) at a recognized depository

Question 4

A broker receives an earnest money check from a buyer. Under TREC rules, by when must the broker deposit the check into the trust account?

By the end of the next business day Within two business days of receipt By the close of business on the second working day after execution of the contract Within five business days of acceptance

Correct Answer:

By the close of business on the second working day after execution of the contract

Question 5

Which of the following is a TREC promulgated form that a Texas broker must ensure agents use for the sale of a residential property with 1-4 units?

TREC No. 20-17, One to Four Family Residential Contract (Resale) TAR Residential Lease Agreement HUD-1 Settlement Statement TREC No. 30-15, Residential Condominium Contract

Correct Answer:

TREC No. 20-17, One to Four Family Residential Contract (Resale)

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Prepare with the TX RE Broker Practice Questions - Texas Real Estate Broker Exam practice quiz. This question bank includes 100 questions covering broker, texas, trec, agent, and rules. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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TX RE Broker Practice Questions - Texas Real Estate Broker Exam

This practice set contains 100 questions from the matching question bank and focuses on broker, texas, trec, agent, and rules. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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TX RE Broker Practice Questions - Texas Real Estate Broker Exam

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