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

What type of agreements does TREC NOT provide?

1. Lease Agreements

2. Seller Representation Agreements

3. Buyer's Representation Agreements

4. Property Management Agreements

The correct answer is: Buyer's Representation Agreements

The answer indicating that TREC does not provide Buyer's Representation Agreements is accurate because TREC (Texas Real Estate Commission) primarily focuses on regulating the real estate industry in Texas, but it does not create or provide specific agreements to be used by agents. Instead, TREC offers a variety of standardized forms, including those related to leasing, seller representation, and property management, to facilitate transactions and ensure compliance with relevant laws. In contrast, other types of agreements are available through TREC or are incorporated into the provided standardized forms. Lease Agreements are indeed among those offered, as they are essential for residential and commercial real estate dealings. Seller Representation Agreements are also included because they outline the terms under which a realtor will represent a seller in a real estate transaction. Similarly, Property Management Agreements are provided to govern the relationship between property owners and property managers. Overall, while TREC offers resources to assist agents and their clients, the commission does not create a standardized Buyers Representation Agreement. Instead, these agreements are typically drafted by real estate professionals to meet the specific needs and circumstances of the buyer and the transaction.