Final answer:
Upon passing the Texas exam for real estate, an individual earns a license to practice as a real estate agent or broker in Texas, enabling them to engage in property transactions and potentially manage other agents.
Step-by-step explanation:
When a person passes the Texas exam for real estate, they are awarded a license that allows them to practice as a real estate agent or broker within the state of Texas. This is a significant step in a professional career in the real estate industry, as it signifies that the individual has met the educational requirements and has a basic understanding of real estate law, property management, and the transaction process. Passing the exam is the culmination of a series of steps, which typically include completing a certain number of hours in real estate courses, submitting an application to take the exam, and then successfully passing the exam itself.
By achieving this certification, the individual becomes eligible to engage in real estate transactions, represent clients in the purchase and sale of property, and in some cases, manage other agents or brokers if they obtain a broker's license. The Texas Real Estate Commission (TREC) is responsible for overseeing all real estate licensing and ensures that licensees follow the necessary legal and ethical standards.