TREC STATE EXAM QUESTIONS AND ANSWERS/TREC STATE EXAM PRACTICE Q&A 2023/TREC TEST QUESTIONS AND ANSWERS/TREC National Exam/TREC EXAM QUESTIONS AND ANSWERS/TREC FAQ EXAM QUESTIONS AND ANSWER/TREC STATE QUESTIONS AND ANSWERS/TREC EXAM QUESTIONS AND ANSWERS/

1. TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder...

Under the Texas Real Estate License Act, persons required to hold a license include a(n) - Answer- real estate broker operating out of her home. The Texas Real Estate Commission (TREC) is composed of how many members? - Answer- Nine A brokerage firm works with only buyer-clients. It advertises...

A lead paint disclosure is required for all properties built before what year? - Answer- 1978 For how many years must a seller keep a copy of the lead paint disclosure he provided to the buyer? - Answer- 3 years Civil Rights Act Of 1866 - Answer- prohibits discrimination based on race or color...

An injured party can sue the owner and business (sole proprietorship) - Answer- false which of the following would allow you total control of company and protect the investors from creditors and lawyers if you messed up? - Answer- Limited partnership when starting a corporation, you would regi...

How do I request inactive status for my sales agent license? - Answer- Request inactive status online at no cost by following the instructions below: *Log into our Online Services *Choose to Manage my Sponsorship (Sales) *Proceed to "Terminate" the sponsoring broker of record. If you submit ...

An individual is exempt from being required to have a real estate license in Texas when performing which one of the following activities? - Answer- Offering an employer's property for rent The Texas Real Estate Commission is composed of - Answer- six brokers and three public members appointed by...

What happens when two parties to a sale of a house have not established a fixed time for the transaction to close? Answer Choices: The sale will not be legal The time will then fall under the UCC Both parties are not bound to the transaction within 30 days The seller can continue to accept oth...

The fact that an individual must go to the land describes which of the physical characteristics of land? a. non homogeneity b. immobility c. indestructability d. situs - Answer- b. immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has a 4...

C - Answer- Which of the following is true regarding the Texas Real Estate Commission? A) Commissioners serve staggered 3-year terms. B) Nine members are elected to 6-year terms. C) Three members must represent the public. D) Six members are appointed by the governor with the approval of...

What year was the License Act passed? And when was TREC created? - Answer- Passed: 1939 Created: 1949 How many members does TREC consist of? - Answer- 9; 6 commission, 3 represent gen public T/F Only TREC has the power to issue or revoke Real Estate Licenses - Answer- True What is the pena...

TREC Purpose - Answer- To protect general public in dealing with licensee TREC composition - Answer- 9 members appointed by the governor, 6 must be licensed brokers, 3 must be members who represent the public, all must be voters, public members may not be associate with the commission, they serve...