$1.$ When completing a TREC$-$approved form, a license holder MAY: A$.$ cross out parts of contract required by the brokerage office policy B$.$ suggest contract form changes to the principals

C$.$ leave a paragraph blank that will be completed at a later date D$.$ strike matters as directed by a principal to show their intent

$2.$ A person obtains an option to purchase a home under a pending contract to purchase from the owner. The person advertises the home for sale on a website. The advertisement does not mention the existence of the "option to purchase." Does this comply with Texas law? A$.$ Yes, the person may advertise the property owner in thesecircumstances

B$.$ Yes if the person includes an offer deadline in the advertisementc

C$.$ No$,$ inclusion on a website requires specific written permission ofthe owner

D$.$ No$,$ these acts constitute unlicensed brokerage activity

$3.$ A link to the Information About Brokerage Services form promulgated by the Commission MUST be in:$*$ A$.$ the footer of every page of the license holder's business website$*$ B$.$ a readily noticeable place on the homepage of the license holder's business websitec C$.$ the body of every business email sent by the license holder D$.$ at least $10-$point font in every business email sent by the license holder

$4.$ Can a brokerage with one agent and one broker act as an intermediary with appointments? A$.$ Yes, because a license holder can be appointed to each party$*$ B$.$ Yes, because the broker can be appointed to the seller$*$ C$.$ Only if the parties agreed to being in a non$-$intermediary relationship$*$ D$.$ No$,$ because the broker cannot be appointed to either party

$5.$ What is the function of the statutory notice regarding brokerage services that license holders MUST provide at the first substantive communication with a party? A$.$ Discloses who the license holder represents B$.$ Discloses the source of the license holder's fee

C$.$ Informs the party of possible agency relationships D$.$ Informs the party of the amount of the license holder's fee

$6.$ A broker represented a seller in a sales transaction that recently closed. How long does the broker need to keep the contract related to that transaction in the brokerage files?$*$

A$.$ Two years from the date the listing agreement was signed$*$ B$.$ Four years from the date the listing agreement was signedc C$.$ Two years from the date the transaction closedC D$.$ Four years from the date the transaction closed

$7.$ Who can determine if oil, gas, or other mineral rights have been previously reserved from a property offered for sale? A$.$ Surveyor B$.$ Listing broker or listing agentc C$.$ Landman or attorney

D$.$ Homeowner's Association $($HOA$)$

$8.$ What amount of money MUST the license holder insert into TREC residential resale contract forms as a termination option fee to be given to the seller?C A$.$ At least $$10*$ B$.$ No more than $$200*$ C$.$ No amount if earnest money has been depositedC D$.$ The amount agreed upon by both parties to the transaction