Texas real estate final exam

Meredith is a mother of five children, two of whom are age 18 or older. What is the minimum number of bedrooms she's allowed to rent, according to the occupancy standards under the Texas Landlord and Tenant Act?

Two Three adults per bedroom is the occupancy limit in Texas, as established by the Texas Landlord and Tenant Act.

Jan is selling her home, but she wants to keep the new refrigerator and the above ground pool. In order to do this, where should they be listed on the One to Four Family Residential Contract (Resale)?

Exclusions

Georgie Banker is the widow of the late Gordon Banker. How should Georgie be listed as a party in a TREC sales contract regarding a property that Georgie owns?

Georgie Banker, an unmarried person

Which of the following is a responsibility of the Texas Real Estate Commission, as provided in the Texas Real Estate License Act?

Rulemaking authority for real estate licensees that has the full force and effect of the law

The Termination Option (paragraph 5) of the TREC One To Four Family Residential Contract (Resale) applies to the option period, which give the exclusive right to terminate the contract to which party?

The Buyer

How many members does TREC appoint to the Broker-Lawyer Committee?

Six TREC appoints six members, all of whom are licensed brokers in Texas.

Your buyer client, Miranda, has two young daughters, and is concerned that there could be sex offenders in the neighborhood of a house she'd like to buy. By law, you:

May either divulge this information to her, if you know it, or recommend that she do her own research on the sex offender registry—depending on your brokerage's policy for handling such questions Under Texas law, you are neither required to, nor prohibited from, supplying information about a sex offender near a for-sale property. The decision should be made based on your brokerage's typical handling of such a situation, and what the seller wants to do.

Wynona is a Texas tenant with a written estate-for-years tenancy. How much notice must she give her landlord if she wants to terminate her lease upon expiration of the lease term?

None

Nick, a Texas license holder, is helping his son, Peter, locate a home he can afford to buy and is acting as Peter's agent. Peter has found a property that he wants to make an offer on. Which of the following statements regarding this situation is true?

Nick is required to disclose his relationship to the seller in writing prior to the parties entering into the contract. Nick is required by Texas law to notify the seller in writing of his relationship to the buyer prior to the parties entering into the sales contract.

Which Texas-specific law will allow you to legally solicit business over the phone if the consumer has made an inquiry to you or your company within the previous three months?

No Call List The Texas No Call List will allow this contact unless the consumer has specifically asked you not to call, in which case you are legally required to obey the consumer's request.

If two brokers come to a previously arranged agreement on commission fees, this will already be in writing in separate written agreements. The commission fees are also noted for informational purposes only in which of the following agreements?

TREC One to Four Family Residential Contract (Resale) The agreement between brokers is noted on page 9 of 10 of the TREC One to Four Family Residential Contract (Resale).