Under TRELA, which of the following persons is NOT exempt from the Texas real estate licensing requirement?
Correct Answer
C) A person negotiating real estate sales contracts on behalf of another party in exchange for compensation
Under TRELA §1101.002, a 'broker' or 'sales agent' is defined as a person who, for compensation, negotiates or attempts to negotiate the sale, purchase, or lease of real estate on behalf of another. This activity requires a license. No exemption exists for an unlicensed person who negotiates real estate transactions for others in exchange for compensation — this is precisely the conduct TRELA was enacted to regulate and license.
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More Trela Trec Rules Questions
Under TREC rules, a trust account used by a Texas real estate broker to hold client funds must be maintained at which type of institution?
Under TREC rules, a broker who converts client trust funds to personal use has committed which type of violation?
Under TREC rules, what is the primary purpose of the Real Estate Recovery Trust Account?
Under TREC rules, how many hours of continuing education (CE) must a Texas real estate license holder complete during each 2-year renewal cycle?
Broker Henderson is approaching his license renewal deadline. He wants to take a CE course that covers changes to the TREC promulgated contract forms. Under TREC rules, would this type of course satisfy part of his CE requirement?
- → Broker Phillips has been renewing her license every 2 years for 10 years. She wonders whether the Broker Responsibility Course content changes each renewal cycle. Under TREC rules, which statement is correct?
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- → Under TRELA, the Texas real estate licensing examination for a sales agent consists of which sections?
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- → Under TREC rules, which CE courses are mandatory for all license holders during every renewal cycle?
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A buyer's agent learns during a transaction that the property has a zoning classification that conflicts with the buyer's stated intended use. Under TREC Canon §531.2, which of the following best describes the agent's obligation?
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Under TREC rules, what is the primary purpose of the Real Estate Recovery Trust Account?