Licensing
In Texas, a real estate licensee doesn't have to have any additional licenses to sell manufactured homes as long as _________________.
The licensee negotiates for the consumer while acting as the consumer's broker or sales agent
A nonresident license applicant who resides in a municipality in which the boundary is contiguous with the boundary of a Texas municipality may be licensed under Texas law in the same manner as a Texas resident, provided that ______.
The nonresident has been a resident of that municipality for at least the 60 days immediately preceding the date the application is filed.
To be considered real property in Texas, a manufactured home must be permanently attached to a foundation and ______.
The owner must file a certified copy of the home's Statement of Ownership and Location (SOL) in the real property records of the county where the home is located
Vanessa is a sales agent who must renew her license in two months. Unfortunately, she has put off taking her continued education courses, and now there is no possible way for her to complete the required 18 hours prior to renewal. Does she have any other options?
Yes. Vanessa can defer her continued education requirements, but she must take them and renew her license before the 60th day from the date her license expired.
Once your license has been expired for six months—or even longer—you're no longer eligible to renew your license. What is required in these instances?
You'll have to go through the complete pre-licensing process again, including taking the state exam.
What is the continuing education requirement for Texas real estate licensees?
18 course hours for each licensed term
Joy has just turned 18, and can't wait to get her Texas real estate sales agent license. How many hours of education does Joy need to complete before she's able to sit for the exam?
180
Which of the following statements about a Texas broker's office is true?
A Texas broker who has more than one place of business in Texas must apply for a branch office license for each additional office (Texas brokers are required to maintain a place of business in the state. Any broker who maintains more than one place of business in Texas must apply for a branch office license for each. This simply means the broker must submit an application with the appropriate fee to TREC.)
Which of the following statements about a Texas broker's office is true?
A Texas broker who has more than one place of business in Texas must apply for a branch office license.
Which of the following statements regarding the Texas broker examination is true?
A broker's exam is more difficult than a sales agent's exam.
Non-resident broker Jeremy doesn't maintain a place of business in Texas, even though he practices real estate in Dallas. Which of the following is true of this situation?
A non-resident licensed broker isn't required to maintain a place of business in Texas.
Each broker licensed in the state of Texas must maintain which of these items?
A physical place of business
A Texas broker gives all his/her sponsored sales agents written notice of termination of sponsorship at least how many days before filing the application for inactive status?
At least 30 days
Ava is a very bright young lady—so bright that she has finished high school at the age of 16. Her parents own a successful real estate business in the Austin area, and Ava has always dreamed of following in her parent's footsteps. Ava has decided to forgo college and immediately begin her career in real estate. Which of the following is true?
Ava must meet the minimum age requirement of 18 to be licensed, and, therefore, is unable to receive her license for two more years.
Darnell is disappointed when he receives written notification from TREC that his broker license application has been rejected. He plans to file a notice for a hearing, but he misses the deadline by two days. Which of the following is true of this situation?
Because he didn't file the notice in time, TREC's decision to deny his license is final.
When a Texas broker applies for inactive status, he must terminate his association with each sponsored sales agent by giving notice when?
Before the 30th day prior to the date the broker applies for inactive status
Janice conducts brokerage activities and can receive compensation directly from buyers or sellers. She must be a ______.
Broker
Of the following Texas licensees, which are allowed to work independently without being sponsored?
Brokers
Texas sales agent Carl just received his license. Which of the following is a true statement?
Carl must complete 98 hours in qualifying courses of post-license education by the end of his initial two-year licensing period (Remember that post-license education is required in many states, including Texas, for new licensees. This is where your memory will have to step up to give you the answer. After being licensed, sales agents must also complete an additional 98 hours in qualifying courses by the expiration date of their initial two-year licensing period; 90 of those hours must be the Sales Agent Apprentice Education (SAE) courses, and eight hours must be the Legal 1 and Legal 2 courses.)
One of the main reasons for the licensing exam is to demonstrate to TREC that you are ______.
Competent in real estate practices
In Texas, which of the following forms must be prominently displayed in the office of every inspector and licensed broker?
Consumer Protection Notice
Through which promulgated form are consumers notified that they can submit a complaint to TREC against a license holder?
Consumer Protection Notice
Which form must be displayed in the broker's office?
Consumer Protection Notice
Which of the following statements is true about Texas sales agent Dorie, whose sponsoring broker's license was just revoked?
Dorie's license automatically becomes inactive.
Someone whose license has been expired for between 91 days and six months may renew their license by paying TREC a fee. How much is the renewal fee in these instances?
Double the regular required renewal fee (Someone whose license has been expired for between 91 days and six months may renew their license by paying TREC a fee of double the regular required renewal fee.)
Any service of process served upon TREC for a non-resident broker must be made with duplicate copies. One copy must be filed in the TREC office, and the other must be ______.
Forwarded by registered mail to the non-resident broker against whom the process is directed (The second copy of the service of process must be forwarded by registered mail to the nonresident against whom the process is directed. Service will be made at the person's last known principal address that appears in the TREC records)
Texas broker Clark has grown sick of the assumed business name he's been using for the past few years. What, if anything, must Clark do if he's decided to stop using it?
He must notify the Commission in writing not later than the 10th day after the date the broker stops using the assumed business name. (A broker must notify TREC in writing not later than the 10th day after the date the broker stops using an assumed business name.)
Kathy has a history of job-hopping, but when she decides to become a real estate sales agent, she's sure it's the right decision. She's crushed when her application is rejected, but refuses to give up. How soon can she submit a new application, assuming she's satisfied all the requirements?
In two years (TREC won't accept subsequent license applications from the same applicant for two years following the initial denial)
Texas resident Jasmine's sales agent application has been denied. For which of the following reasons might her application have been denied?
Jasmine didn't submit the application fee within 20 days of TREC requesting payment. (TREC will terminate/reject an application if the applicant doesn't submit a required fee within 20 days after TREC makes written request for payment.)
Jonathan has always wanted to be a real estate broker, owning his own brokerage and showing other individuals the real estate ropes in Texas. He received his license as a sales agent three years ago today. As he celebrates his third anniversary, he is looking forward to meeting the experience requirement so that he can pursue his broker's license someday. How much longer must Jonathan wait to apply for his broker's license?
Jonathan must wait another full year before he can apply, because the requirement is to be an active agent for 48 of the previous 60 months. (Depending on how such a question is worded, it can be easy to think, "Okay, the answer is four years" and miss the actual question, which is how much longer Jonathan must wait before applying for his broker's license. The question says that Jonathan has already practiced for three years, which means he needs to wait one more year. But in this question example, it's more important to pay attention to how the various numbers could lead you to the incorrect answer than it is for you to get this right, even though you aced this one.)
Texas real estate sales agent applicant Jose just had his license application rejected. Which of the following is a reason TREC would reject an application?
Jose didn't provide documentation TREC requested within one year from the date the application was filed. (Applicants can be rejected for several reasons, including failure to provide documentation/information or fingerprints—or failure to satisfy a current education, experience, or exam requirement—within one year from the application filing date or written request from TREC. Because Jose didn't submit the documentation TREC requested within one year of his application date, his application was rejected)
Marlee wants to specialize in the sale, purchase, and lease of easements in Texas. Is she required to get her real estate license?
No, but she will need to get her certificate of registration.
A person performing real estate activities under the judgment or order of a court, such as a trustee in a bankruptcy, is ________.
Not required to have a real estate license
Sales agent Liv's sponsorship is terminated when she mails the appropriate TREC form to TREC. She completes the form on October 7, postmarks it October 8, and TREC receives it on October 9. What is the effective date of that sponsorship termination?
October 9
Manuel has recently moved to the U.S. from Spain. However, he will not be considered legal for a while because the process will take several months. Along with his dream to move to the U.S., he has dreamed of getting his real estate license. When will Manuel be eligible for his license in Texas?
Once he becomes a U.S. citizen or is considered a legally admitted alien, meets the educational and other requirements, and passes his licensing exam.
Which of the following, when done for others and for compensation in Texas, may be done by someone who does not hold a real estate license?
Performing official duties as a public officer, such as in a state-sanctioned property condemnation
It's time to renew the real estate license for Austin Assets, a business entity in Texas. The designated broker, Jack, owns eight percent of Austin Assets. Which of the following must be provided to TREC?
Proof that the entity maintains errors and omissions insurance with a minimal annual limit of $1 million for each occurrence
Baylee's sales agent application is rejected by TREC. She receives a written notice about the rejection, but believes they've rejected her application unfairly. What recourse does she have, if any?
She can file a notice for a hearing within 30 days.
Jameson is the on-site manager of an apartment property in Texas. Which of the following statements is true of her situation?
She isn't required to have a real estate certificate or license. (Certain people who work with real estate aren't required to hold licenses. One example of this is an on-site manager of an apartment property in Texas.)
To become a Texas sales agent, how many 30-hour prelicensing courses must Brock take?
Six 30-hour courses
Calvin is talking with his study group about their upcoming licensing exam. They are discussing how far in advance they need to make a reservation. Which member of the group is correct in their understanding?
Sylvia, who says they need to make their reservation 24 hours in advance. (Sylvia is correct. Walk-in examinations are not available. Candidates must make a reservation online or by phone at least 24 hours prior to the examination date.)
TREC has established that two continuing education courses must be taken, and then the remaining hours needed can be made up of electives. Eight of the mandatory 18 CE hours must be devoted to which two courses of study?
TREC Legal Updates I and II
TREC has just received notice that broker Madelyn's sponsorship of sales agent Elliot has terminated. What happens next?
TREC will place Elliot's license on inactive status. (When it comes to changing the broker sponsorship of a sales agent, there are certain procedures that must be followed. Let's look at TREC's responsibility here. We know that TREC will need to issue the sales agent a new license in his current sponsoring broker's name. TREC is also responsible for placing the sales agent's license on inactive status, which simply means the sales agent may not practice real estate without being sponsored by a new broker. )
What does the registration of an assumed business name with the Secretary of State or county clerk's office in Texas show
That the broker has the legal authority to use that name (Registration of an assumed business name with the Secretary of State or county clerk's office provides written evidence of the registrant's legal authority to use that name in Texas.)
Dana is a licensed broker in Texas. She has one primary location from which she conducts most of her business. However, she does have two additional branch locations. What must be included on all branch license certificates?
The address at which the broker's office is located (The license certificate for each branch office must state the address at which the broker's office is located.)