Real Estate 1
Must end with team or group.
What must your team name must contain?
1913
What year was the NAR Code of Ethics adopted?
17
How many articles are in the current code of Ethics?
In 2026, this city’s housing market is expected to remain stable, with home prices largely flat after slight declines in 2025.
What is Houston?
In any advertisement, the font size of the broker's name must be at least this percentage of the size of the largest contact information.
What is 50% (or half)
Every 3 years
How often does a NAR member have to complete the Code of Ethics Training?
Complete the Amendment to Listing (TXR 1404)
A seller under a listing wants to take the property off the market, what do I have to do?
Waiting too long, there is a 45 day time. Must have a qualified Intermediary.
Waiting too long, there is a 45 day time. Must have a qualified Intermediary.
With Houston’s inventory reaching 4.5–5.5 months of supply in late 2025, buyers gained leverage as competition eased.
What is a Buyer-leaning market (or stable market)?
A sales agent violates the law if they accept compensation for real estate services from anyone other than this person.
Who is their sponsoring broker?
Seller as seller's agent; Buyer as buyer's agent; Both as Intermediary
What are the 3 ways brokers and agents can now represent?
Unrepresented Customer Showing Form
What is the written agreement to show property without representation?
Reference to subagency.
What was removed when TREC made changes to the IABS effective January 1,2026.
With active listings up more than 22% year-over-year in the Houston metro by late 2025, buyers gained more choices and fewer bidding wars.
What is increased inventory?
When posting to social media, a link to the completed IABS form and Consumer Protection Notice must be readily accessible here.
What is the profile (or "About") section (or within one click)
A postmark several days after putting in the mailbox may make questions about a timely notice.
How may USPS Postmark rules Could Affect Your Transactions?
Through the new TREC REALM Portal.
How does a licensee submit TREC renewals?
Foreign Acquisition of Property.
Senate Bill 17 from the 89th Texas legislature restricts what?
These Houston‑area communities — including The Woodlands, Katy, and Cypress — are expected to experience strong 2026 growth due to suburban expansion.
What are the Houston suburbs?
TREC rules require a broker's policies to ensure their agents are competent in the subject matter and this specific aspect of their market.
What is the geographic market area
Seller's Temporary Lease. Buyer's Temporary Lease, Lanalords Temporary Lease
TREC made changes to 3 documents effective September.
License holders can show property without representing a party, treating a party as a customer, not as a client. Name 2 of the 4 conditions that must be met:
No agreement to represent the party
Not acting as a party's agent at the time of showing
Only showing is allowed, no advice, opinions, or property search
No other acts of brokerage performed
Standard of Practice 3-4 related to variable rate commissions- this was removed because of the current practice
Article 7 about Compensation Disclosure clarification -accepting compensation from more than one party
standard of Practice 17-4 expands and modernizes non-contractural disputes subject to artrbitration and updates the language
What are the 3 changes in the Code as of 1/1/2026?
Houston’s median home price stabilized around this amount in 2025, signaling the first period of market normalcy in years.
What is approximately $335,000
This is the only legally authorized status in Texas for a broker who represents both the buyer and the seller in the same transaction.
What is an Intermediary?