TEXAS MOLD REMEDIATION CONTRACTOR STATE EXAM 2021 WITH 100% VERIFIED ANSWERS - TDLR LICENSING PREP, MOLD ASSESSMENT & REMEDIATION LAWS, STUDY GUIDE, PRACTICE QUESTIONS & CERTIFICATION REVIEW What state agency is responsible for the licensing of real estate appraisers? - -CORRECT ANSWER --Texas Appraiser Licensing and Certification Board A broker or salesperson who fails to give the statutory title notice to the buyer at or before closing A) will have the license suspended without reinstatement for two years. B) must forfeit the entire commission on the subject transaction but in so doing is absolved of any other liability. C) may have the license suspended or revoked and cannot collect a commission on the subject sale. D) is required to show cause as to why such disclosure was not made. - -CORRECT ANSWER --may have the license suspended or revoked and cannot collect a commission on the subject sale. Failure to advise a buyer in writing before the closing of a real estate transaction that the buyer should obtain title assurance is grounds for suspension or revocation of a license; specifically, the agent must advise the buyer to have the abstract covering the real estate that is the subject of the