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Real Estate Salesperson Exam — National Portion

Agency (TX): practice questions

Our Real Estate (National) bank has 8 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Texas

What is Texas's version of representing both buyer and seller in one transaction?

  1. Acting as a transaction broker for both sides automatically, without consent
  2. Texas forbids any broker from working with both parties
  3. Acting as a dual agent without telling either party
  4. Acting as an intermediary, with written consent from both parties
Show the answer

D. Acting as an intermediary, with written consent from both parties — The broker may appoint different agents to each party.

Question 2 · Texas

Is dual agency allowed in Texas?

  1. No; a broker representing both parties acts as an intermediary instead
  2. Yes, without any consent
  3. Yes, with verbal consent
  4. Yes, for commercial property only
Show the answer

A. No; a broker representing both parties acts as an intermediary instead — Each party must consent in writing.

Question 3 · Texas

When must the Information About Brokerage Services notice be provided in Texas?

  1. At closing, or when the buyer or seller first signs a written contract
  2. Only if the client asks
  3. After the contract is signed
  4. At the first substantive communication with a prospective party
Show the answer

D. At the first substantive communication with a prospective party — It isn't required for some transactions, such as when meeting at an open house without substantive talk.

Question 4 · Texas

When is the IABS notice not required in Texas?

  1. Never; it is always required
  2. When the buyer pays cash, or when the property is listed for over $1 million
  3. For any sale over $1 million
  4. For a short residential lease with no sale considered, or with an already-represented party
Show the answer

D. For a short residential lease with no sale considered, or with an already-represented party — Also at an open house about that property. It isn't generally required when the license holder acts only as a principal.

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