Free Texas RE Broker Exam Prep

Real vs. personal property and fixtures, economic and physical characteristics, legal descriptions and surveys, public and private land use controls

Freehold and leasehold estates, concurrent ownership, liens and lien priority, deeds, title transfer, recording and title insurance

Concept and principles of value, the appraisal process and federal oversight, sales comparison, cost and income approaches, CMA and BPO

Contract types and required elements, performance and breach, sales contracts, types of agency, creation and termination, licensee obligations

Broker responsibilities and unauthorized practice of law, listing and buyer representation agreements, fair housing, risk management and insurance

Hazardous substances, CERCLA/SARA and site assessments, flood zones and wetlands, disclosure obligations and liability

Financing methods and mortgage clauses, lender requirements, TILA/RESPA/TRID/ECOA, settlement and closing

Area and acreage, valuation math, commission, loan costs, closing costs and prorations, investment returns, property management math

TREC composition and powers, advisory committees, complaint investigations and hearings, penalties and the Recovery Trust Account

Activities requiring a license and statutory exemptions, business entities, the licensing process and examination, maintenance and renewal

Canons of Professional Ethics, grounds for discipline, unauthorized practice of law, trust accounts, fee splitting, rebates, advertising

Disclosure and IABS, intermediary practice, duties to client including minimum services, compensation agreements, broker-sales agent relationships, unlicensed assistants

TREC promulgated contracts, forms and addenda, the Texas Statute of Frauds, seller disclosure requirements

Community property, homestead, DTPA, wills and estates, landlord-tenant, foreclosure and short sales, recording statutes, M&M liens, VLB, HOAs, equitable interest

Narrative case studies and contract cases built on TREC-promulgated contract forms and addenda