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

What must candidates include for each transaction claimed on their experience report?

1. An earnings statement

2. A transaction identification list

3. A legal agreement

4. A client testimonial

The correct answer is: A transaction identification list

Including a transaction identification list for each transaction claimed on the experience report is essential because it provides a clear and organized way to detail the specifics of each real estate transaction. This list typically includes key information such as the property address, type of transaction (buy or sell), dates, and parties involved. Having such a structured format allows for easier verification and assessment by the board or regulatory body reviewing the experience report. It ensures that all relevant details about the transactions are readily available, facilitating a clear understanding of the candidate's experience in real estate. In contrast, while an earnings statement, legal agreement, or client testimonial may provide additional insight or support, they are not mandatory components of the experience report. These documents may not directly pertain to the specific details of transactions in a way that satisfies the regulatory requirements for experience documentation. Therefore, the transaction identification list is the best answer as it aligns with the criteria for documenting transaction experience in real estate.