100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Texas Question and answers 100% correct $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Real Estate Brokerage
  4.  
  5. Real Estate Brokerage

Exam (elaborations)

Texas Question and answers 100% correct

 5 views  0 purchase
  • Course
  • Real Estate Brokerage
  • Institution
  • Real Estate Brokerage

Texas Question and answers 100% correct TREC (Texas Real Estate Commission) - correct answer 6 broker members and 3 public members - created to administer the provisions of the license act - they promulgate contract forms for licensees TRELA (Texas Real Estate License Act) - correct answer P...

[Show more]

Preview 2 out of 8  pages

Document information

  • July 20, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • texas
  • texas question and answers 100 correct

Written for

  • Real Estate Brokerage
  • Real Estate Brokerage

Seller

avatar-seller
LEWISSHAWN55

Reviews received

Content preview

Texas
Texas
2024/2025 TREC (Texas Real Estate Commission) - correct answer ✔6 broker members and 3 public members - created to administer the provisions of the license act - they promulgate contract forms for licensees
TRELA (Texas Real Estate License Act) - correct answer ✔Passed by legislation to protect the public
Broker Lawyer Committee - correct answer ✔6 attorneys appointed by the president of the State Bar, 6 brokers appointed by the TREC and 1 public member appointed by the Governor - they write the Texas contract forms
Real Estate Recovery Trust Account - correct answer ✔An account established to pay aggrieved person who suffer a monetary loss due to unscrupulous acts of licensees
SAE (Sales Agent Apprentice Education) - correct answer ✔a 90 core hour requirement that must be met during the first 2 years of licensing in order for a
licensee to be able to renew that license. In addition lice holders must complete the Legal I & II courses with their SAE education for a total of 98 hours to renew (effective January 1, 2016)
CE (Continuing Education) - correct answer ✔an 18 hour course taken once every two years and including 8 hours of legal update, required by all licensees with a total of 270 or more core hours (effective January 1, 2016)
Expired - correct answer ✔No longer licensed - a sales or broker license has
not been renewed on time
Inactive - correct answer ✔A license has been renewed but is being held by TREC - one cannot engage in the business while inactive

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78998 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart