Champions Exam Prep: State Questions And Answers Graded A+
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Course
CHAMPIONS School of Real Estate
Institution
CHAMPIONS School Of Real Estate
Champions Exam Prep: State Questions And Answers Graded A+
TREC was created in what year?
1949 to administer the provisions of the license act
License Act passed in what year?
1939. first the Act (law) then commission that *enforces* the law
TREC penalties for unlicensed activity
Subj...
SAE renewal
270 hours, 90 more than SAE 1st time
8 hours legal update
CE requirements
18 hours every 2 years
includes 8 hours of legal update
includes 6 hours TREC broker responsibility if needed
CE penalties
$200 penalty if over 60 days inactive
$250 to reactivate penalty + $50 activation fee
5 canons of professional ethics
Fidelity
Integrity
Competency
Consumer Info Notice 1-2
Discriminatory Practices
trust accounts
-holds client funds
-written records of all funds must be maintained and kept for 4 years
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