Texas Real Estate State Test Questions Fully Solved 2024.

Who has the authority to make rules and regulations? - Answer TREC (not the state) What does TREC stand for? - Answer Texas Real Estate Commission - power to issue or revoke real estate licenses 1949 to administer License act Authority to make rules and regulations TREC has how many members? - Answer 9 3 represent the general public, 6 are real estate brokers All are appointed by the governor and approved by the Senate They serve for 6 yr terms subpoena - Answer basically a summon for someone to come into court TREC has power to do this - if person doesn't respond, can have attorney gen to enforce Broker Lawyer Committee - what is it and # members? - Answer writes promulgated contract forms 13 members 6 are brokers appointed by the TREC 6 are lawyers appointed by the pres of BAR assoc 1 is public member appointed by the governor what happens if you engage in broker activity without a license? - Answer - class A misdemeanor - fined $4000 or jail for 1 yr or both