TREC Texas Real Estate Commission Exam

Question 1

A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's ownership of the furniture is a?

Bill of sale Adverse possession Deed of trust Agreement of sale

Correct Answer:

Bill of sale

Question 2

The appropriate time for a selling broker to explain the agency relationship to a prospective buyer is?

at the time of licensee's first contact both parties at their initial meting terminate the purchase contract with the seller

Correct Answer:

at their initial meting

Question 3

A lot was purchased as an investment for $10,500 and sold a year later at a loss of 20%. If the owner paid a 10% commission, what was the owner's net loss on the sale

$$2,940 10500x.30= 2,100 8400x.10=840 2,100+840=2,940 $$2,940 10500x.20= 2,100 8400x.0=840 2,100+840=2,940 $$2,940 1050x.20= 2,100 8400x.10=840 2,100+840=2,940 $$2,940 10500X.20= 2,100 8400X.10=840 2,100+840=2,940

Correct Answer:

$$2,940 10500X.20= 2,100 8400X.10=840 2,100+840=2,940

Question 4

A license holder is showing a home built in 1972 to buyers who notice paint flaking on the woodwork. How should the license holder proceed

recommend repainting the woodwork immediately suggest the buyers do a termite inspection instead ignore the paint flaking issue advise the prospective buyers to get a lead based paint inspection

Correct Answer:

advise the prospective buyers to get a lead based paint inspection

Question 5

The commission earned by a listing broker on a sale of property is established by?

Property tax assessment Market conditions Agreement between the seller and the broker State law regulations

Correct Answer:

Agreement between the seller and the broker

Question 1

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About this Exam

Prepare with the TREC Texas Real Estate Commission Exam practice quiz. This question bank includes 100 questions covering trec, texas, real, estate, and licensee. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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TREC Texas Real Estate Commission Exam

This practice set contains 100 questions from the matching question bank and focuses on trec, texas, real, estate, and licensee. 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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TREC Texas Real Estate Commission Exam

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