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

What type of control over rent requires a real estate license?

1. Negotiation

2. Acceptance of deposit

3. Management of property

4. Marketing rentals

The correct answer is: Acceptance of deposit

The correct answer relates to the acceptance of deposits in the context of controlling rent. In Texas, real estate license holders are required to handle money belonging to others, which includes accepting deposits or rents. This is because accepting money for the purpose of rental transactions involves a fiduciary responsibility and a level of oversight that only licensed professionals are qualified to manage. When a real estate license holder accepts a deposit, they are taking on the responsibility to safeguard those funds, ensure that they are handled according to state laws, and properly address any legal implications that arise from the transaction. This is an essential aspect of property management and leasing, where financial integrity and compliance with real estate regulations are critical. In contrast, negotiation, property management, and marketing rentals may not inherently involve the direct handling of funds or deposits. While these activities are also important aspects of real estate practice, they do not require a real estate license under the same stipulations as the acceptance of deposits, which is specifically regulated to protect both parties involved in a rental agreement.