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

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Prepare for the Texas Real Estate SAE Exam with our educational quiz. Study using flashcards and multiple choice questions, each with detailed explanations to ensure you're ready to pass your exam!

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Which organization sets standards and regulations for real estate brokerage practices?

  1. National Real Estate Association

  2. National Association of Realtors

  3. State Real Estate Commission

  4. Multiple Listing Service

The correct answer is: National Association of Realtors

The National Association of Realtors (NAR) is a significant organization in the real estate industry that sets standards and regulations for real estate brokerage practices. It supports its members through the establishment of a code of ethics that governs the behavior of realtors and promotes professionalism within the field. This organization plays a key role in advocating for property rights and ethical standards and provides guidance on best practices in real estate transactions. While the State Real Estate Commission does oversee regulations at the state level, the NAR has a broader influence across the nation and is recognized for developing comprehensive policies and standards that professionals in the real estate sector are encouraged to follow. The other entities mentioned, such as the National Real Estate Association and Multiple Listing Services, do not have the same level of authority to set binding standards and regulations as NAR does.

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