Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

What is typically required when applying for a broker's license in Texas regarding transactions?

1. A transaction identification list

2. A business tax report

3. A licensing fee

4. A financial audit

The correct answer is: A transaction identification list

When applying for a broker's license in Texas, one of the key requirements is to provide a transaction identification list. This document serves as a record of the applicant's experience in real estate transactions, showcasing the types and quantity of transactions undertaken. It is essential for demonstrating to the Texas Real Estate Commission (TREC) that the applicant has the requisite experience and knowledge to operate as a broker effectively. The transaction identification list helps verify that the applicant has engaged in sufficient real estate activities to meet the experience criteria established by TREC. This experience is critical for ensuring that licensed brokers are competent in handling the complexities of real estate dealings, which could include residential, commercial, or property management activities. While elements like licensing fees or financial audits are also part of the application process, they do not specifically pertain to documenting transaction experience, making the transaction identification list a unique and vital component of the broker license application in Texas.