r/TexasRealEstateExam

A seller lists their home "as-is" and tells their agent they don't want to fill out a Seller's Disclosure Notice (SDN). The seller is aware of a foundation issue. Which of the following is correct?

A) The seller can skip the SDN — "as-is" means no disclosure obligations
B) The seller must still complete the SDN
C) The agent can note "as-is" on the SDN and submit it without the seller's input
D) The seller only needs to disclose if the buyer asks directly

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Under the Texas Real Estate License Act, when a broker represents both the buyer and seller in the same transaction, this arrangement is called:

A) Dual agency
B) Transaction brokerage
C) Intermediary relationship
D) Designated representation

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A buyer and seller sign a Texas sales contract on Monday. On Tuesday, the seller receives a better offer from another buyer.

The first buyer has not breached the contract.

What can the seller legally do, based on the given options?

A) Cancel the first contract and accept the higher offer

B) Accept both contracts and decide later which buyer to sell to

C) Remain bound by the first contract unless the contract is properly terminated

D) Cancel the first contract if the second offer is at least 10% higher

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A Texas listing agent receives two offers on a property.

The seller instructs the agent to tell Buyer A that another offer has been received, but does NOT want the agent to disclose any details about the competing offer.

How should the agent respond if Buyer A asks, “What price did the other buyer offer?”

A) Disclose the competing offer price because another offer exists

B) Refuse to answer because competing offer details are confidential unless authorized by the seller

C) Give an estimated range based on market conditions

D) Disclose the price only if Buyer A agrees to raise their offer

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Hello! I have a question and cannot find any answers, I have a middle name and two last names on my government ID, but on my application I only put the last name I use the most, however right before booking the appointment for the test, a warning popped up that requires me to have my name on the application match my government ID, will they allow me to take the test, or will I need to correct the mistake and how?