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

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What type of records includes information about employee details in a brokerage?

Transaction Records
License Records
Financial Records
Personnel Records

The correct answer is: Personnel Records

Personnel records are specifically designed to contain information about employees within a brokerage. These records typically include details such as an employee's job title, salary, performance evaluations, and employment history. They serve to provide a comprehensive overview of the employee's relationship with the brokerage, ensuring compliance with employment laws and regulations. In contrast, transaction records focus on the details related to real estate deals, such as contracts and sales, rather than employee information. License records pertain to the licensing status and history of real estate professionals, including their active licenses and any disciplinary actions taken against them. Financial records involve the brokerage's financial dealings and performance metrics, such as income and expenses, rather than employee-specific information. Therefore, personnel records are the most relevant type when looking for details about employees in a brokerage.