Texas Real Estate Law EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) What are the purposes of TRELA(Texas Real Estate License Act)? - Correct Answers ✅Protect the public, minimum standards for licensing,maintain high standards, protect licensees from unfair competition.What is the primary purpose of TRELA? - Correct Answers ✅Protect the public Can a real estate salesperson pay a finder's fee to anyone who provides a qualified lead? - Correct Answers ✅No he cannot
TRELA does not require licensing for those selling: - Correct
Answers ✅Business opportunities: example franchises, mall
coffee shop Name 4 groups that do not need real estate license to sale real estate - Correct Answers ✅Attorney, attorney in fact, sheriff, auctioneer If you are the executor of a will do you need a real estate license to conduct a real estate transaction? - Correct Answers ✅No 1 / 2
Texas Real Estate Law EXAM QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) If you offer to sell,exchange,purchase, or lease real estate do you need a real estate license ? - Correct Answers ✅Yes you must Do you need a real estate license to do an appraisal? - Correct Answers ✅Yes Do on-site apartment managers need a real estate license? - Correct Answers ✅No How many members does TREC have? - Correct Answers ✅9 The governor appoints a presiding officer over TREC. What must this person be? - Correct Answers ✅A licensed broker What is the TREC administer for? - Correct Answers ✅Manages all TREC subordinates Who appoints the TREC administrator? - Correct Answers ✅The Texas Real Estate Commission Which entity adopts and enforces rules necessary to administer TRELA? - Correct Answers ✅TREC
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